Are you interested in farming, ranching or another agricultural field? Would you find it fulfilling to manage your own farm, raise livestock, grow crops or manage an agricultural business?
While it's true that a major in agricultural economics and business will include classes related to agricultural science, there is a lot more to it than that. Many students will aspire to go into their own business, and classes will include business management, economics, human resource management, finance, planning, marketing, retail and much more.
Concentrations in this major include such fields as Agribusiness, Agricultural Economics, Farm and Ranch Management, Farm Supplies Retail & Wholesaling and Agricultural Business Technology among others. Make sure your concentration of interest is available at the college you choose.
Many people are attracted to this field because they have a passion for farming, producing food from the land and working outdoors. Depending on your role in the organization, this field may require strenuous physical labor and may not follow a traditional schedule of a 40-hour work week. Many people in this field are self-employed. Some are hired as managers for larger companies. Not only does this field require extensive knowledge of farming, whether crops or livestock, it also requires strong business skills. Farmers and Agricultural managers will often have a hand in multiple areas, including managing payroll and taxes, hiring employees, determining sales opportunities, marketing their product and planning the future of the business.
This field will require a strong science background, business training and good communication skills. This is a varied and exciting job for those with a driving interest in the growing, producing, selling and marketing of food.
Work experience is an important aspect to finding a job in this field. Students who are interested in pursuing this major should find opportunities to get first-hand experience through a summer job, internship, Co-op or work abroad program.
A degree in agricultural economics and business provides students with a broad set of skills. Students would be well poised to run their own farm or business, or work as a manager in an agricultural field. Students will also have the ability to specialize in areas of particular interest to them.
Graduates with a degree in Agricultural Business average $39,547 as a starting salary with a mid-career salary of $74,010.
Here is a small sample of the careers that a degree in Agricultural Economics & Business might open up.