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Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agricultural economics today includes a variety of applied areas, having considerable overlap with conventional economics. Agricultural economists have made substantial contributions to research in economics, econometrics, development economics, and environmental economics. Agricultural economics influences food policy, agricultural policy, and environmental policy.
Applied economics is the study as regards the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics, it is typically characterized by the application of the core, i.e. economic theory and econometrics to address practical issues in a range of fields including demographic economics, labour economics, business economics, industrial organization, agricultural economics, development economics, education economics, engineering economics, financial economics, health economics, monetary economics, public economics, and economic history. From the perspective of economic development, the purpose of applied economics is to enhance the quality of business practices and national policy making.
Gordon Rausser is an American economist. He is currently the Robert Gordon Sproul Distinguished Professor Emeritus, Dean Emeritus, at Rausser College of Natural Resources and more recently, a professor of the graduate school at the University of California, Berkeley. On three separate occasions, he served as chairman of the Department of Agriculture and Resource Economics, served two terms as Dean of the Rausser College of Natural Resources, and has served on the board of trustees of public universities and one private university. Rausser has been appointed to more than 20 board of directors of both private and publicly traded companies, including chairman of several of such boards.
Marc Leon Nerlove is an American agricultural economist and econometrician and a distinguished university professor emeritus in agricultural and resource economics at the University of Maryland. He was awarded the John Bates Clark Medal from the American Economic Association (AEA) in 1969 and held appointments at eight different universities from 1958–2016. The Clark Medal is awarded to an economist under the age of 40 who “is judged to have made the most significant contribution to economic thought and knowledge”, and when the AEA appointed him as a distinguished fellow in 2012, they cited his development of widely used econometric methods across a range of subjects, including supply and demand, time series analysis, production functions, panel analysis, and family demography.
Colin Andre Carter is Professor of Agricultural and Resource Economics at the University of California, Davis. His research/teaching interests include international trade, futures markets, and commodity markets.
Daniel W. Bromley is an economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development. He has been editor of the journal Land Economics since 1974.
The Agricultural & Applied Economics Association (AAEA) is a not-for-profit professional association for those interested in the field of agricultural and applied economics. The AAEA association has an annual meeting every year.
Policy Issues is a series of online peer-reviewed articles published by the Agricultural & Applied Economics Association (AAEA). Each article presents a short analysis and discussion focusing on timely policy issues targeted for those in public and private sector decision-making roles that have a stake in the national issues addressed. It is currently one of three outreach products offered by AAEA, along with the online policy magazine Choices and the forthcoming Shared Materials section of the AAEA Web site.
Applied Economic Perspectives and Policy (AEPP) is a peer-reviewed journal of applied economics and policy. Published four times per year, it is the one of two journals published by the Agricultural & Applied Economics Association (AAEA), along with the American Journal of Agricultural Economics (AJAE). Today is the leading journal in 'applied economics' with a 2020 impact factor of 4.083.
David Zilberman is an Israeli-American agricultural economist, professor and Robinson Chair in the Department of Agricultural and Resource Economics at the University of California, Berkeley. Zilberman has been a professor in the Agricultural and Resource Economics Department at UC Berkeley since 1979. His research has covered a range of fields including the economics of production technology and risk in agriculture, agricultural and environmental policy, marketing and more recently the economics of climate change, biofuel and biotechnology. He won the 2019 Wolf Prize in Agriculture, was the President of the Agricultural and Applied Economics Association (AAEA), and is a Fellow of the AAEA and Association of Environmental and Resource Economics. David is an avid blogger on the Berkeley Blog and a life-long Golden State Warriors fan.
Jayson Lusk is an economist, Distinguished Professor and Department Head in the Department of Agricultural Economics at Purdue University. He authors books and articles related to contemporary food policy issues.
John Donald Black was an American economist. He was a professor of economics at University of Minnesota from 1918 to 1927, and then from 1927 to 1956 at Harvard University. Black was one of the authors of the Agricultural Adjustment Act. He was also president of the American Economic Association in 1955. Black died at a Boston hospital in 1960.
Gerald Shively is an American economist and Professor in the Department of Agricultural Economics at Purdue University. He teaches and publishes research articles and books related to contemporary policy-related issues in economic development. His specializations are in poverty, food security and sustainable development.
Scott H. Irwin is the Laurence J. Norton Chair of Agricultural Marketing and professor in the department of agricultural and consumer economics at University of Illinois Urbana-Champaign.
Elisabeth Sadoulet is an economist and Professor of Agricultural and Resource Economics at the University of California, Berkeley who has carried out field research in China, India, Latin America, and sub-Saharan Africa. Sadoulet was the editor of the World Bank Economic Review from 2010 to 2013, and is a fellow of several scholarly associations in the fields of agriculture and economics.
Christopher Brendan Barrett is an American agricultural and development economist. He is the Stephen B. and Janice G. Ashley Professor of Applied Economics and Management and International Professor of Agriculture at Cornell University's Charles H. Dyson School of Applied Economics and Management. Barrett is also the co-editor-in-chief of the journal Food Policy and former captain with the United States Army Reserve. He was elected a member of the National Academy of Sciences in 2022. He is the most cited author of a number of agriculture journals such as American Journal of Agricultural Economics, Food Policy, Journal of Development Studies.
William Alan Masters is an American economist, teaching and conducting research on agricultural economics and food policy in the Friedman School of Nutrition at Tufts University, where he also has a secondary appointment in the Department of Economics.
Awudu Abdulai is a Ghanaian agricultural and development economist, and professor at the Institute of Food Economics and Consumption Studies, University of Kiel, Germany. His research and teaching focus on issues related to poverty alleviation, food and nutrition security, consumer behavior, and sustainable agriculture.
Jill Jennifer McCluskey is an American economist. She is a Distinguished Professor of Sustainability and Director of the School of Economic Sciences at Washington State University.
John Francis Timmons was an American agricultural economist.
