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The differences between economists and agricultural economists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an economist has an average salary of $109,102, which is higher than the $71,697 average annual salary of an agricultural economist.
The top three skills for an economist include economic research, research findings and economic analysis. The most important skills for an agricultural economist are economic analysis, USDA, and economic data.
| Economist | Agricultural Economist | |
| Yearly salary | $109,102 | $71,697 |
| Hourly rate | $52.45 | $34.47 |
| Growth rate | 6% | 6% |
| Number of jobs | 1,029 | 1,119 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 51% |
| Average age | 45 | 45 |
| Years of experience | - | - |
The primary role of economists is to study how society distributes resources, including raw materials, land, and labor, to create goods and services. They perform various tasks, including conducting research, monitoring economic trends, and devising forecasts on a wide range of issues such as inflation, interest rates, and employment. Additionally, they are responsible for preparing reports and presentations and advising individuals, businesses, and governments on economic issues. Economists are also responsible for designing policies or making recommendations for resolving economic problems.
An agricultural economist works in production and logistics in the farming industry. Their main task is to organize systems to make procedures efficient and cost-effective. In the agricultural sector, economists are vital, as they help determine how to manage limited resources to get the maximum profit. An agricultural economist must have profound knowledge of agriculture and know strategies to improve an agriculture-based company's yield and profit.
Economists and agricultural economists have different pay scales, as shown below.
| Economist | Agricultural Economist | |
| Average salary | $109,102 | $71,697 |
| Salary range | Between $73,000 And $162,000 | Between $33,000 And $155,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Montana | Alaska |
| Best paying company | Cornerstone Research | U.S. Department of Education |
| Best paying industry | Professional | - |
There are a few differences between an economist and an agricultural economist in terms of educational background:
| Economist | Agricultural Economist | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 51% |
| Most common major | Economics | Agricultural Business |
| Most common college | Harvard University | Harvard University |
Here are the differences between economists' and agricultural economists' demographics:
| Economist | Agricultural Economist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 59.2% Female, 40.8% | Male, 75.3% Female, 24.7% |
| Race ratio | Black or African American, 6.4% Unknown, 5.7% Hispanic or Latino, 12.1% Asian, 13.1% White, 62.4% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 5.5% Hispanic or Latino, 10.4% Asian, 16.5% White, 61.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 8% |