Why You Should Apply to a Master's in Agricultural Economics in 2020

More and more students want to study a Master's in Agricultural Economics, or by its hip name – Agribusiness. The trend has to do with two very important developments. First, there’s an increased need of experts in agriculture. Second – we know it’s hard to believe Agriculture-related studies are hot again. This is partially due to the fact that people pay more attention to what products they buy and eat. Plus, Economics has always been cool to study.

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This is where you come in! If you pursue a Master’s in Agribusiness studies you’ll get to know basically everything about management, marketing, and financing when it comes to food, ‘from the field to the table.’

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Key Reasons to study Agricultural Economics

Ok, you’ll say, but what’s in it for me if I do an Agribusiness degree? In short, lots of professional opportunities and rewards. So, without any further ado, here’s some points to get you thinking:

  • People will always need to eat. How’s that for job security!
  • You will be an expert, not just a farmer. Guess who has a bargaining advantage when it comes to salary?
  • Agriculture is key to sustainable development. What’s more rewarding than saving the world from hunger even with fewer crop lands?
  • Agriculture can be a gold mine for a young entrepreneur!
  • You’ll be part of an innovative industry using software and hardware devices to improve production and reduce costs.

What will you learn during an Agribusiness degree and where should you do it?

A Master’s in Agribusiness takes economics related skills and knowledge, including business planning, statistics, marketing and management and applies them to the field of agriculture. You’ll basically learn:

  • agricultural marketing, aka how to sell and promote agricultural products
  • farm and ranch management, aka how to organize farm work smoothly while also increasing production
  • agricultural finance, aka when and how to invest in agriculture so that you increase revenues
  • environmental economics, aka how to improve the efficiency of agricultural businesses without having a negative impact on the environment
  • international agricultural trade, aka how to trade goods and crops with companies from other countries

This type of Master’s aims at giving you knowledge into the best practices for product development, profit maximization, investment planning, rural financial management, and banking when it comes to agriculture.

If you want to expand your search for the right graduate programme, you should also consider the following countries:

How to apply to an Agribusiness degree abroad

From the why to the how and you’re almost there, studying abroad, enrolled at a great Master’s programme. But before we get carried away, there’s some important details about applying to a degree in Agricultural Economics.

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First you should know that in order to be eligible for an Agribusiness degree most universities will expect you to have a Bachelor’s in Business and Economy-related fields, and only sometimes a Bachelor’s in Agriculture-related fields is also accepted.

If you have that part covered, then you need to gather the necessary documents for your application, which typically include:

  • a copy of official diplomas of all previous education 
  • copies of the corresponding lists of marks - transcript of records
  • a CV
  • an internationally recognised certificate of English proficiency (e.g. IELTS or TOEFL)
  • a letter of motivation
  • a copy of your birth certificate
  • copy of ID or passport

While these are standard requirements you should always check the application process section on the website of your chosen Agribusiness programme, as some requirements might differ from country to country, from university to university.  For instance, other possible requirements could be:

  • Previous working experience
  • Letters of recommendations either from professors, employers or both
  • Filling a standard application form

Once you have everything covered, you’ll submit your application directly through the university website or via national digital systems of application.

After that you already know what follows: anxiously waiting for your acceptance letter. But it will be worth it! Once you’re accepted an exciting journey will start which will not only be about studies and academic recognition, but also about self-discovery, exploring a new culture and making new friends.

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