How to become an Agribusiness Analyst
Are you interested in the environment and agriculture? Do you want to be a part of the future of the agriculture industry looking at production yields, risk management or new types of farming equipment?
An agribusiness analyst conducts research and analysis on various trends and changes taking place within the agriculture industry. As an agribusiness analyst you would be analysing financial information to be used in making forecasts on business, industry or economic conditions and apply models of economic behaviour to areas like crop or livestock pricing and disease outbreaks.
Agribusiness analysts interpret data on the different factors affecting agribusiness such as prices, yield, stability, future investment risk trends and economic influences. In the banking industry they may provide financial analysis related to credit, loans or investments in a variety of agribusiness sectors.
Agribusiness analysis would use various economic modeling softwares and techniques to create reports and statistical charts. They would also monitor economic situations and model changes within specified agribusiness sectors.
Being an agribusiness analyst would require you to have a passion for agriculture and the environment, excellent analytical and researching skills, good problem solving abilities and strong IT knowledge. Since you would be working with other professionals in various industries as well as clients, you would need to be able to communicate technical information to non-technical people.
Agribusiness analysts usually work full time and follow standard working hours. They are typically employed in a range of environments like farming enterprises, banks, pastoral houses, primary producer organisations, international agencies and government departments. Agribusiness analysts may work in an office environment but on occasion they could do field work also.
To become an agribusiness analyst you would need to complete a bachelor’s degree in agribusiness, agriculture and resource economics or business/economics with a major in agribusiness. You would need to gain your secondary school certificate or equivalent in order to get into these courses. English, biology, chemistry, mathematics and physics would be appropriate subjects to study at school.
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The job outlook for agribusiness analysts is positive and employment is projected to grow as fast as the average for all occupations. Factors like the increased demand for better production yields, stronger risk management understanding, new food products and food security are expected to drive the employment growth in the agricultural and agribusiness industries.
Agribusiness analysts may find good job opportunities in different companies that are looking to assist agribusiness practitioners improve their production and business management.