Ph.D. in Agricultural Economics is a 2 to 3-year doctorate program the minimum eligibility for which is a Master’s degree. The minimum eligibility for the course is Master's degree in a related domain with minimum marks required by the particular institute/ university. Some institute grant admission on the basis of marks scored at postgraduate level and some conduct their own entrance examinations for the same.
Some of the top institutes providing admission in the Ph.D. in Agricultural Economics course are as follows:
Ph.D. in Agricultural Economics is a bright career option where candidates are taught to apply the principles of economics to the agriculture industry. It helps in predicting the market trends of agro-products. Resource management and investment practices are also taught in this course to the candidates.
The average tuition fee charged for Ph.D. in Agricultural Economics course ranges from INR 20,000 to 2 Lacs. Such candidates have employment opportunities in various areas like agribusiness management, finance, natural resource economics and economic degree holders.
|Duration||2 years (3 years in some colleges)|
|Eligibility||Master’s degree with a minimum Of 2.5/4 or 6.5/10 CGPA or equivalent qualification from a recognized agriculture university|
|Admission Process||Merit Based (entrance exam based in some colleges)|
|Course Fee||INR 20,000- 2,00,000|
|Average Starting Salary||INR 20,000|
|Top Recruiting Companies||Syngenta, Sap Mena|
|Job Positions||Agriculture Economist, Research, etc.|
The Ph.D. in Agricultural Economics program is designed in such a way that the students get exposed to, assess and evaluate the agricultural development programs and technologies. They are exposed to the quantitative analysis integrated with critical thinking of the agricultural policies and business.
The program aims to equip the students with the management, marketing and financing the food when it comes from farms to the table. This is the right course for a student willing to know about agricultural marketing, environmental economics and agricultural trade whilst getting the knowledge of profit maximization and investment planning etc.
A principle objective of the course is to keep the students abreast with all the developments and innovations in the field of agriculture that can drive it towards greater business. From product development to international trade and banking of agriculture, everything is explained to the student in greater detail during the PhD program.
|Name of Institution||Location||Course Fee|
|Indian Agricultural Research Institute||New Delhi||INR 30,000|
|University of Agricultural Sciences||Bangalore||INR 72,875|
|Orissa University of Agriculture And Technology||Bhubhaneshwar||INR 2,00,000|
|Junagarh Agriculture University||Junagarh||INR 87,750|
|Bidhan Chandra Krishi Vishva Vidhyalya||West Bengal||INR 42,775|
Candidates willing to take admission in the Ph.D. in Agricultural Economics program need to fulfil the below mentioned eligibility criterion:
Most of the institutes grant admission to the students based on the merit in their Master’s program. However there are institutes like IARI that conduct their entrance test followed by personal interview to admit candidates in the Ph.D. in Agricultural Economics course.
A composite score of the Master’s Degree, entrance exam and personal interview is made with different weightage to each. Based on the composite score, admission is provided to the students.
Following is a list of entrance exams conducted by institutes:
|Year 1||Year 2||Year 3|
|Fundamentals of Economics and Business Management||Macroeconomics I||Natural Resources Management and Environmental Economics|
|Microeconomics I||Agricultural Econometrics I||Fundamentals of Business Management|
|Agricultural Production and Resource Economics I||Agricultural Production and Resource Economics II||Agricultural Finance I|
|Agricultural Marketing||International Trade||Economic Development|
|Agricultural Finance II||Agricultural Development and Policy Analysis||Agricultural Production and Resource Economics III|
|Research Methods||Microeconomics II||Marketing Management|
|Macroeconomics II||Strategic Management for Agribusiness||-|
|Agricultural Production and Resource Economics IV||Management of R&D and Innovation||-|
|Agricultural Price Analysis||-||-|
|Quantitative Analysis for Marketing and Business Decisions||-||-|
|Institutional and Legal Environment for Agribusiness||-||-|
|Agricultural Project Analysis||-||-|
Successful Ph.D. in Agricultural Economics degree holders get to work as an Agriculture Economist, researcher, agribusiness manager, agriculture consultant etc. In the government sector, one can work in the conservation and marketing of agricultural produce. Besides this, successful PhD degree holders have ample scope for self employment as independent agricultural consultants and in sale, management and appraisal of farms.
|Job Profile||Job Description||Average Salary|
|Agriculture Economist||Application of principles of Economics to optimize production and distribution of food||INR 3-5 Lacs|
|Agriculture Consultant||Provides advice on the use and management of agricultural land||INR 5 Lacs|
|Agribusiness Manager||Overseeing all the aspects of running farms and other agricultural practices||INR 4-5 lacs|