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Agricultural Economics

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Agricultural Economics Major

7,431 yearly degrees
#109 in popularity
$55,000 median salary

Agricultural economics and business is a major that typically falls into the Agriculture category.

There are 206 programs available throughout the country that offer an associate’s degree in agricultural business, 161 that offer a bachelor’s degree, and 58 that offer a master’s degree. There are also at least 25 schools in the nation where you can get your doctorate degree in the field.

Who Is Getting an Agricultural Business Degree?

Agricultural economics and business runs middle of the road when it comes to popularity, ranking #77 out of all the majors we track. In 2017, about 4,900 graduates completed their bachelor’s degree in this major. This major tends to be male dominated. About 64.9% of recent graduates are men.

Racial Distribution

At the countrywide level, the racial distribution of agricultural business majors is as follows:

  • Asian: 2%
  • Black or African American: 2.4%
  • Hispanic or Latino: 7.6%
  • White: 79.4%
  • Non-Resident Alien: 3.5%
  • Other Races: 5%
Agricultural Economics Majors Ethnic Diversity Statistics

Americans aren’t the only ones with an interest in agricultural business. About 3.5% of those graduating in 2017 were international students. The most popular countries sending agricultural business majors to the U.S. are China, South Korea and India.

What Will You Learn as an Agricultural Economics Major?

An O*NET survey asked people with careers related to agricultural business to rate how important certain subject areas were to their job. The following are some of the results of that survey. Importance was rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Agricultural Business Majors

A major in agricultural business should prepare you for careers in which you will need to be knowledgeable in the following areas:

Important Knowledge Areas for Agricultural Economics Majors

Skills for Agricultural Business Majors

Agricultural business majors are found most commonly in careers in which the following skills are important:

Important Skills for Agricultural Economics Majors

Abilities for Agricultural Business Majors

Agricultural business majors often go into careers where the following abilities are vital:

Important Abilities for agricultural business Majors

What Can You Do With an Agricultural Business Major?

Below is a list of occupations associated with agricultural business:

Careers Related to Agricultural Economics
Job Title Job Growth Rate Median Salary

Farm and Home Management Advisors

7.7%

$49,840

Computer User Support Specialists

11.3%

$50,980

Aquacultural Managers

-0.8%

$67,950

Nursery and Greenhouse Managers

-0.8%

$67,950

First-Line Supervisors of Animal Husbandry and Animal Care Workers

2.1%

$46,960

First-Line Supervisors of Office and Administrative Support Workers

3.4%

$55,810

First-Line Supervisors of Agricultural Crop and Horticultural Workers

2.1%

$46,960

Agricultural Sciences Professors

7.9%

$84,640

Graders and Sorters, Agricultural Products

-0.9%

$24,430

Buyers and Purchasing Agents, Farm Products

-5.8%

$0

Agricultural Economics Major Salary

Agricultural business majors often go into careers where salaries can range from $51,000 to $80,000. This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, the typical high school graduate makes between $29,000 and $57,000 a year. The average person with a bachelor’s degree (any field) makes between $44,000 and $99,000. Advanced degree holders make the most with salaries between $55,000 and $120,000.

Average Salary for an Agricultural Business Major  ( 51000 to 80000 )
$0
$200k
Average Salary for High School Graduate  ( 29000 to 57000 )
$0
$200k
Average Salary with Bachelor's Degree  ( 44000 to 99000 )
$0
$200k
Average Salary with Advanced Degree  ( 55000 to 120000 )
$0
$200k

The area of the country you choose to work in will also affect your career and salary prospects. Getting a graduate degree may open up more options with higher salary potential.

Amount of Education Required for Agricultural Economics Major Jobs

Some careers associated with agricultural business may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for agricultural business careers below.

Education Levels for Careers Associated With Agricultural Economics
Level of Education Percentage of Workers

Less Than a High School Diploma

3.8%

High School Diploma or Equivalent

15.8%

Post-Secondary Certificate

8.3%

Some College Courses

9.1%

Associate's Degree or Equivalent

8.4%

Bachelor's Degree

27.7%

Post-Baccalaureate Certificate

0.6%

Master's Degree

10.3%

Post-Master's Certificate

1.2%

First Professional Degree

0.3%

Doctoral Degree

12.9%

Post-Doctoral Training

2.1%

Online Agricultural Economics Programs

There are 161 colleges that offer a bachelor’s degree in agricultural economics and business, with 9 of them offering at least some courses online.

Online learners must listen or watch video lectures, participate in group chats or forums, submit papers and assignments electronically, take tests, and meet deadlines.

Online learners benefit from being able to watch lectures remotely and complete coursework on their schedule, but they also take longer to graduate than average and are more likely to dropout.

Is an Agricultural Economics Major Worth It?

The median salary for an agricultural business grad is $55,000 per year. This is based on the weighted average of the most common careers associated with the major.

This is 42% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $323,000 after 20 years!

agricultural economics and business salary compared to typical high school and college graduates over a 20 year period

References

Bureau of Labor Statistics
National Center for Education Statistics
O*NET Online
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