Agricultural and Applied Economics

University of Missouri
Master of Science
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Master of Science Ag Economics

The agricultural industry touches our lives no matter where we are. Rural farms are the bedrock of the industry. But agriculture takes many forms. The rooftop greenhouse in an urban center, a community garden that centers a neighborhood, and the research team testing new, drought-resistant crops are all vital parts of the agricultural industry. So are the experts weighing in on potential, industry-affecting policies and the agribusinesses providing new machinery or transporting goods from farm to grocer. From agribusiness to research to fieldwork, it takes talented people who understand those varied aspects of the industry to keep it running smoothly.

People like you.

Pursuing your Master of Science in Agricultural and Applied Economics from Mizzou will put you in good company. Mizzou’s College of Agriculture, Food and Natural Resources (CAFNR) is one of the most respected institutions in the industry. In keeping with Mizzou’s land grant mission, CAFNR’s purpose is to improve the lives of Missourians and those beyond. As a CAFNR student, you’ll benefit from access to world-class faculty who are industry leaders in agribusiness, agricultural economics and policymaking. CAFNR faculty provide stakeholders like the U.S. Congress, USDA, commodity groups and international governments with analysis of agricultural markets and policies. You will learn from some of the leading minds in the world on agricultural and agribusiness practices. 

About the MS in Agricultural and Applied Economics

This program was developed by Mizzou’s Division of Applied Social Sciences. The online master’s in agricultural and applied economics places a strong emphasis on research and applied learning. You’ll develop skills and strategies to solve problems and provide expertise in several areas, including:

  • Environmental and development economics.
  • Managerial, behavioral and organizational economics.
  • Public policy analysis.

These skills will make you invaluable to employers in agrifood business, government and international agriculture. 

Quick facts

Official name

Master of Science in Agricultural and Applied Economics

Campus

University of Missouri

Program type

Master's degree

Academic home

College of Agriculture, Food & Natural Resources | Division of Applied Social Sciences

Delivery mode

100% online

Accreditation

Higher Learning Commission

Credit hours

30

Estimated cost

$19,590.00

*This cost is for illustrative purposes only. Your hours and costs will differ, depending on your transfer hours, your course choices and your academic progress. See more about tuition and financial aid.

Two men talking to one another.

Career prospects

Graduates of the online MS in Agricultural and Applied Economics program could attain job titles like:

  • Policy analyst
  • Agricultural economist
  • Farm manager
  • Data analyst in agriculture
  • Rural development advisor
  • Research scientist
  • Program coordinator for agricultural initiatives 
This number is the average projected employment change over the next 10 years of the careers in Missouri. Sources include Lightcast industry data, staffing patterns, and OES data.
5.16%
Employment growth
This number is the average median salary from the careers in Missouri. Lightcast earnings figures are based on OES data from the BLS and include base rate, cost of living allowances, guaranteed pay, hazardous-duty pay, incentive pay (including commissions and bonuses), on-call pay, and tips.
$93,288.58
Average median salary

Program structure

This fully online MS program requires a minimum of 30 credit hours to complete. This non-thesis option requires a project and additional coursework that will take the place of thesis research.  

Course Work Includes

  • Micro- and macroeconomics
  • Applied statistics
  • Agricultural and Applied Economics courses determined by specialization

Review all requirements for the online Master’s in Agricultural and Applied Economics program.  

Delivery

100% online

Calendar system

Semester-based

Typical program length

2 years

Typical course load

3 courses per semester

Accreditation

The University of Missouri is accredited by the Higher Learning Commission, one of six regional institutional accreditors in the United States.

Faculty spotlight

Tim Skevas

Teo Skevas is an associate professor in the Division of Applied Social Sciences at the University of Missouri. Dr. Skevas' research lies at the intersection of agricultural economics, production economics, environmental sustainability, and decision science. His work integrates econometric analysis, optimization techniques, and simulation modeling to study how farmers, agribusinesses, and supply-chain actors respond to economic risks, environmental pressures, technological change, and policy incentives. 

Teo Skevas, PhD
Associate Professor and Director of Graduate Studies
Professor Wyatt Thompson

Wyatt Thompson is a professor of agricultural and applied economics. He joined the Food and Agricultural Policy Research Institute at the University of Missouri in 2006 to work on biofuel markets and policies, agricultural policies and trade. Before joining the team, he worked at the Organization for Economic Cooperation and Development in Paris, France, analyzing export competition policies, measuring agricultural policy support and assessing market impacts of policies, particularly those of the European Union, Mexico and the United States. He also worked on similar topics at the Policy Research Institute of the Ministry of Agriculture, Forestry and Fisheries in Tokyo, Japan, as a research fellow of the Japan Society for the Promotion of Science. During a sabbatical from MU, he spent a year at the Office of the Chief Economist of the U.S. Department of Agriculture.  

Wyatt Thompson, PhD
Professor, Division of Applied Social Sciences
Dr. Michael Sykuta

Michael Sykuta is an economist and associate professor in the Division of Applied Social Sciences at the University of Missouri and serves as executive director of the Financial Research Institute. Dr. Sykuta’s research focuses on contracting practices, firm organization, organizational governance and the implications of regulation and government programs for firm and industry behavior.  

Michael Sykuta, PhD
Associate Professor and Executive Director of the Financial Research Institute
Dr. Jason Franken

Jason Franken is an associate professor and MFA chair in agribusiness in the Division of Applied Social Sciences at the University of Missouri. Dr. Franken's research draws on economics, marketing, and decision sciences to understand the organization and operation of marketing channels to add value and manage risk, with a particular interest in contracting, futures markets, and cooperatives. He regularly contributes to the University of Missouri’s Rural & Farm Finance Policy Analysis Center and the University of Illinois’ farmdoc extension programming and is a member of the Commodity Risk Management Expertise Centre. 

Jason Franken, PhD
Associate Professor, MFA Chair, Division of Applied and Social Sciences
Dr. Adrienne Ohler

Adrienne Ohler is FRI’s Associate Director of Policy Research and an associate professor at the University of Missouri. Dr. Ohler's research and teaching focus on environmental, energy, and water economics, with particular emphasis on regulatory economics, energy policy, water quality, and utility systems. Her work examines how public policy, institutional design, and technological change shape energy and water security, environmental quality, infrastructure resilience, and economic outcomes. Her research includes energy markets, advanced metering and residential electricity demand, water quality, distressed water systems, and the non-market valuation of environmental amenities.

Adrienne Ohler, PhD
Associate Professor, Division of Applied Social Sciences

Learn more about this program

This program is administered by the Division of Applied Social Sciences