Agricultural economics is a field of study related to the application of economics theory to problems and issues surrounding the production, processing, distribution and consumption of agricultural food and fibre products. Agricultural economics differs from the study of crop science or animal science primarily because of its relation to human behaviour. Agricultural economics assists students in expanding their understanding of economic principles and analytical techniques, and how they can be applied when analysing problems. These practical problems are set in the areas of agricultural resource and environmental management. The economic, social and institutional environments governing the management of natural resources and agriculture are studied at an individual, regional, national and global level.
Agricultural economics combines the technical aspects of agriculture with the business aspects of management, marketing and finance.