Agricultural economists examine data to determine patterns and trends in economic activity. They also conduct research to collect data and market samples. They use the predictions obtained from their research to inform, influence, and improve the business decisions of clients and agricultural organizations. As agricultural economists better determine market indicators like farm income and food prices, they study many areas, such as:
Natural resource management
Agricultural policy
Food science
Farm credit
Agricultural marketing systems
Commodity exchanges
Whether they want to offer a short-term forecast or long-term prediction for some part of the agricultural market, these professionals must have an excellent understanding of agricultural production and relevant economic forces. This involves devising data collection methods and using appropriate statistical methods to obtain useful information. Agricultural economists may also communicate their findings at seminars and conferences to encourage further research or investment in a particular area.