Agroecology and Crop Science

Agricultural Economics

Agricultural economics is an applied field of economics involved with the application of economic theory in optimizing the production and distribution of food and fiber. Agricultural economics began as a branch of economics that specifically dealt with land usage, it centered on increasing the crop yield whereas maintaining a good soil ecosystem. Throughout the 20th century the discipline enlarged and also the current scope of the discipline is much broader. Agricultural economics now a day includes a range of applied areas, having considerable overlap with conventional economics. Agricultural economics includes variety of specialty areas, as well as agribusiness, agricultural policy, farm and ranch management, rural development, international development, natural resource and environmental economics science, and agricultural marketing.

Agricultural social science applies principles of economics to issues of agricultural production, natural resources, and rural development. It mainly focuses on principles of microeconomics, which examines the actions of people, households and firms. Agricultural economics is typically noted as agronomics, defined as the use of economic methods to optimize actions by farmers and ranchers.