Once you have earned your Bachelor’s degree in agricultural economics, there are several career paths open to you. While a few of the people who earn this degree go on to be farmers, most graduates procure other positions in which they can use their expertise to better the agricultural industry. You may choose to work in a bank, with an insurance company, as a marketer or merchandiser, as a public policy analyst, as an environmental economist, as a loan officer or appraiser, as an agricultural consultant and more. In fact, there are dozens of professions open to individuals who have Bachelor’s degrees in agricultural economics.
Duties and Responsibilities
The duties you perform every day will be based upon your chosen career path. For example, if you choose to work in a bank, you will likely be responsible for loans. Conversely, if you work for an insurance company, you will use your knowledge to assess risk and provide coverage for farmers in various settings. Public policy analysts work to create new rules and regulations that protect individuals from harm, and as an agricultural consultant, your job will be to help farmers and companies decide which crops to grow and help them get the most return on their crops. You may work in an office or you may be dispatched into the field to visit various farms throughout the day.
Salary and Career Outlook
The salary you can earn with a Bachelor’s degree in agricultural economics also varies. For instance, if you work as a farmer in the United States, your earnings will fluctuate greatly depending on the size of your farm and the crops you grow. You could earn an average of $68,000 per year as a public policy analyst and a career as an agricultural consultant may bring in as much as $61,000 annually. Loan officers earn an average of $56,900 annually on average and insurance agents earn an average of $47,000 per year. The overall career outlook for individuals involved in the agricultural industry is strong due to the imminent population increase and, therefore, the need for knowledgeable economists.
If you would like to further your education and your career, there are plenty of opportunities to do so with graduate degrees. For example, Texas A&M University offers a PhD program in agricultural economics to students who have successfully completed a Master’s or Bachelor’s program in the field. With this PhD, you can not only procure better positions and earn more money in the career fields listed above, but you may also choose to research agricultural economics as a scholar. In fact, you may even choose to become a professor in a prestigious university, teaching new generations of students how to feed the future.
There is a wide range of career choices open to you after earning your Bachelor’s degree in agricultural economics, but regardless of the career you choose, you will be providing a huge service to the world population that will continue to have an impact for years to come.