Careers in Agricultural Economics: Job Options and Requirements

Learn about the education and preparation needed to become an agricultural economist. Get a quick view of the degree requirements as well as details about job options and requirements to find out if this is the career for you.

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Essential Information

Agricultural economists apply theories and principles of economics to better understand and optimize agricultural markets. These professionals need a minimum of a bachelor's degree in economics, agricultural economics, agribusiness or a related discipline; however, a master's or doctoral degree might be needed for some positions.

Required Education Variable according to desired job level; bachelor's degree in economics or a related field is the minimum
Projected Job Growth (2012-2022)* 14% (for economists)
Median Annual Salary (May 2013)* $93,070 (for economists)

Source: *U.S. Bureau of Labor Statistics

Job Options

Agricultural economists address problems ranging from clean air and water to alleviation of poverty. They examine relationships between supply and demand using data, statistics and market trends.

Job opportunities in agricultural economics exist in many areas, including agribusiness management, finance, policy, natural resource economics and economic development. Further options include:

  • Real estate agent
  • Commodities broker
  • Farm manager
  • Developer
  • Writer for magazines, trade journals or newspapers
  • Public relations specialist

Many agricultural economists teach at the college or university level. Schools across the country not only have economic programs but more specifically programs in agricultural economics, applied economics, resource economics, rural sociology or agribusiness. Additional teaching opportunities exist at the secondary level as well as through organizations such as Future Farmers of America (FFA).

Requirements

All economist positions require at least a bachelor's degree. Some entry-level positions, such as research assistant or salesperson, can be obtained with only a bachelor's degree, but more advanced positions require a master's or doctoral degree.

Agricultural economists need a strong grasp of agricultural and marketing principles, along with strong data analysis, statistical and quantitative skills. The ability to pay attention to detail and conduct complex research is also required. A specialty area, such as crop management or international development, could be helpful in meeting specific job requirements.

Salary and Job Outlook

In May 2013, the U.S. Bureau of Labor Statistics (BLS) reported that economists, including agricultural economists, made a median annual salary of $93,070. The BLS projected that employment of economists would increase by 14% from 2012 to 2022, which was about average for all occupations.

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  • Minimum eligibility requirements:
    • Must be 21 years of age or older and have completed some college or 24 years of age or older and a high school graduate for a Bachelor's degree
    • Masters degree applicants must have a Bachelors degree
    • Doctorate degree applicants must have a Masters degree
    School locations:
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    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must complete an application online and submit transcripts for their highest degree earned.
    School locations:
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    Online Programs

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
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    What is your highest level of education?

  • Minimum eligibility requirements:
    • All degree applicants must have a Bachelors degree or higher
    • Post-Master's Certificate degree applicants must have a Masters degree or higher
    School locations:
    • Maryland (1 campus)

    Classroom-Based Programs

    • Master
        • MS in Applied Economics

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  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
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    • Alabama (1 campus)
    • Arkansas (1)
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    • California (5)
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  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning

    Online Programs

    • Master
        • MS in Applied Economics
        • MBA in Community Economic Development
        • MBA in Economics

    What is your highest level of education?

Other Schools:

  • School locations:
    • Florida (1 campus)
    Areas of study you may find at University of Florida include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: Post Master's Certificate
      • Undergraduate: Associate, Bachelor
    • Agriculture
      • Agricultural Business
        • Agricultural Economics
      • Animal Science
      • Food Sciences and Technologies
      • Plant Science
      • Soil Science
  • School locations:
    • New York (1 campus)
    Areas of study you may find at Cornell University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Coursework
      • Undergraduate: Bachelor
    • Agriculture
      • Agricultural Business
        • Agribusiness Operations
        • Agricultural Economics
      • Animal Science
      • Food Sciences and Technologies
      • Horticulture
      • Plant Science
  • School locations:
    • Georgia (1 campus)
    Areas of study you may find at University of Georgia include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Agriculture
      • Agricultural Business
        • Agribusiness Operations
        • Agricultural Economics
      • Animal Science
      • Food Sciences and Technologies
      • Horticulture
      • Plant Science
      • Soil Science
  • School locations:
    • Michigan (1 campus)
    Areas of study you may find at Michigan State University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Coursework
      • Undergraduate: Bachelor
    • Agriculture
      • Agricultural Business
        • Agricultural Economics
      • Agriculture Production
      • Animal Science
      • Food Sciences and Technologies
      • Horticulture
      • Plant Science
      • Soil Science

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Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics