Overview

An agricultural economist, or industry analyst, provides high-level economic intelligence to manage risk and prepare a company or business for the future.

What responsibilities will I have?

• Analyze agricultural, economic, and financial trends
• Gather information regarding market variables including weather, industry competition, government policy, foreign competition and policies, cost of production, consumer trends, etc.
• Write and deliver timely, insightful, and concise research reports related to industry trends, structural change, and policy initiatives
• Utilize computer-based modeling to project agricultural production
• Arrange field visits or tours to affected areas, companies, or farms
• Prepare and deliver presentations to internal and external audiences
• Remain up-to-date on trends, market conditions, and economic conditions impacting the industry and your employer
• Identify and implement key research projects
• Develop relationships with other industry experts to facilitate information sharing
• Respond to any external or customer inquiries and data requests

What education and training is required?

A bachelor’s or master’s degree in economics, agricultural business, or a related field is required. A degree in agronomy or animal science, depending on the position you receive, may also suffice or be helpful.

To pursue a career as an Agricultural Economist:

The following high school courses are recommended: agricultural education, advanced mathematics (statistics, probability), business courses, and computer courses.

Typical Employers

Economists may work for banks, lending firms, risk management firms, government agencies, or any kind of medium to large-scale agricultural company.

Future Job Market/Outlook

The future outlook for an economist will be good over the next five years. 

Suggested Professional Organizations and Associations

• Agricultural & Applied Economics Association
• International Association of Agricultural Economists