Top Career Paths: Agricultural and Natural Resource Economics
If you're studying economics, there are all sorts of specialities that you could look into. When you're thinking about what you should like to take care of, you should look at your specialization.
For this reason, we've been looking at the top career paths for various economics specializations, and today we're talking about agricultural and natural resource economics.
What are agricultural economics and natural resource economics?
These two related fields are focused on the application of economic theories to optimize the use of resources and the production of food and other crops. Natural resource economics is focused on managing resources such as food, water, air, minerals, and the environment as a whole, and often emphasizes the importance of sustainability. Agricultural economics looks in particular at land usage, food distribution networks, and maximizing crop yields.
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Career path # 1: government or government-related agencies
One large employer in this area is the government or one of the various government-related agencies. All of their citizens, or one of them on an international basis, on an uninterrupted food supply. Thus the agencies which oversee the distribution of food and other resources are in need of trained economists to work in this area.
Working for the government has the advantage that it is a secure, reliable job that you can usually stay in for life if you want. Although payment is less good than it is in the private sector, the public sector generally has better benefits such as more holiday time and good health care. This work is suited to someone who is organised and capable of keeping track of the many different policies and programs that are being run at any one time.
You could find a career with an organisation like the Environmental Protection Agency, the National Wildlife Federation, or the National Marine Fisheries Service, in the USA, or their equivalent within your own country.
Career path #2: Agribusiness
Another big employer in this field is agribusiness corporations: large companies who process, distribute, and retail food. These companies employ specialists in economics to help them streamline their processes and improve their use of resources.
These corporations tend to pay much better than working for the government or for a non-profit, however, they can be demanding jobs with long work hours. Also, some such corporations have come under fire for ethical lapses in their business models, especially in the developing world. How much of an issue this is for you will depend on whether you are someone who wants to stay away from profit-based motives, or whether you would rather try to reform and improve an organisation from the inside.
Career path #3: International aid and development organisations
Resource allocation isn't only a problem in developed nations. In fact, it's an even more pressing issue in developing countries. So if you feel a strong desire to help better the world with your knowledge, you might enjoy a career in an international aid or development organisation.
Careers in these kinds of international organisations are suited to people who have strong language skills, and strong business skills can be a plus too. Knowing how to set a budget or to create a successful advertising campaign will be an excellent boon to your career. You will need a certain temperament for this work too: it can take a long time to get a project off the ground in an international setting, so you'll need to be patient. You'll also need to be culturally sensitive and capable of balancing the needs of different groups of people.
For lots more careers advice for economists, including job listings for all types of economic specializations, take a look at our website at INOMICS.COM.
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