Academic Department • Assam Agricultural University

Agricultural Economics

Constituent Department under College of Agriculture

11 Faculty Members UG / PG Programmes 55 Projects Contact HOD
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Academic Department

Agricultural Economics

Constituent Department under College of Agriculture

The Department of Agricultural Economics and Farm Management came into existence as one of the constituent departments of the erstwhile Assam Agricultural College established in 1948. Initially, the department had supported the under graduate degree programme in agriculture with very few faculty members. However, it expanded rapidly after the introduction of faculty development programme under IDA Education Project in 1973. First batch of M.Sc (Agri) students in Agril. Economics and Farm Management passed out in 1974 and the department started Ph.D. programme from 1984-85 academic session. Subsequently, the department introduced postgraduate courses in MBA (Agri-Business) from 2002-03 academic session on self sustained basis and in the mean time, fourteen batches of students completed post graduate education in Agri-Business Management. Till today as many as 170 students obtained M.Sc.(Agri), 28 students obtained MBA (Agri-Business) and 21 students obtained Ph.D. in Agril. Economics and Farm Management. The alumni of the department are presently serving in different capacities and calibre in various institutions, organizations, government and non government bodies such as Central and State Universities, State Dept. of Agriculture, Banks, Corporate Bodies. Civil Service, ICAR organizations etc. including the overseas establishments.

PRESENT ACTIVITIES OF THE DEPARTMENT

The department is actively engaged in number of activities such as given under:

Teaching under graduate, post graduate and Ph.D. courses, conducting post graduate research, faculty research and project research on important problems in the area of Farm Management, Production Economics, Agril. Marketing, Agril. Finance and Agri-Business Management etc. Training individuals/ farm families on various aspects of extension education programmes and activities of the university, coordinating academic, administrative, institutional and functional activities of the university.

COURSES OFFERED BY THE DEPARTMENT

The department offers courses for both under graduate and post graduate students in the Faculty of Agriculture within the definite academic year. Under graduate students are to attend Experiential Learning and Rural Agricultural Work Experience Programme (RAWEP) with sufficient exposure in the area of Agril. Economics and Agri Business Management. Post graduate students may undertake research work in any area of their choices conform to the various branches of Agril. Economics and Agri Business Management. MBA (Agri-Business) courses are open to students having degree in Agriculture, Veterinary Science, Home Science, Agril. Engineering etc.

The trimester system was in practice in the University till 1970-78 academic session and subsequently the University had switched over to semester system. The courses had to be thoroughly revised to match with the growing demands of agricultural education and agricultural development. From 1977-78 onwards, the under graduate and post graduate courses had been modified as per Deans’ Committee recommendation. The latest revision of courses had been effective from 2017-18 academic session as per 5th Deans’ Committee recommendation.

RESEARCH ACTIVITIES OF THE DEPARTMENT

The department has completed 124 M.Sc.(Agri), 14 Ph.D. and 18 MBA (Agri-Business) PG research projects. The faculty members of the department completed 26 research projects funded by ICAR., World Bank, NABARD, IRRI and State Government etc. One NABARD Chair Professor Scheme was continued in the department for five years.

THRUST AREAS OF THE DEPARTMENT

Major thrust areas of research have been on issues pertaining to Farm Management and Production Economics, Agricultural Marketing and Price Analysis; and Agricultural Finance and Agri Business Management. In addition, certain new thrust areas of research in Farm Management, Resource Economics, Agricultural Marketing, Agricultural Finance, Impact Assessment, Rural Development, Food securities and Gender issues have been identified for broad based research and developmental activities of the department.

FUTURE PLAN OF THE DEPARTMENT

(A) Short term

The department has started MBA(Agri-Business) Programme on self-sustained basis. The existing faculty members of the department are associated with the programme and occasionally resource persons from other institutes/organizations/universities are invited to train and conduct special classes for MBA students. There is a plan to develop a separate department of MBA (Agri-Business) in due course of time. The department is establishing one computer laboratory for the students and to build up data base for the discipline. There is a plan to establish one Marketing Laboratory in the department. Some equipment have been procured for the purpose. The department is planning to start a permanent Market Intelligent Unit (MIU) with the fund acquired from RKVY.

(A) Long Term

Some long term projects would be taken up in the department on priority basis as given under:

1. State level project on farm mechanization and multiple cropping.

2. Risk analysis and management on whole farm business under different agro-ecological situations.

3. Farm diversification under climate change situations.

4. Projects on production and marketing of pulses, oilseeds and tuber crops.

5. Feasibility studies on agro- processing of various agricultural products.

6. Projects on sustainability of conservation agriculture.

7. Priority sector lending and financial inclusion

8. Opening of Farm Management Extension Wing in the department

Seminar & Workshop organized in the Department:

  • 38th Annual Conference of the Indian Society of Agricultural Economics (ISAE) — Organized by the Department during 18–20 January 1979.
  • National Seminar on “Marketing of Perishable Agricultural Produce” — Organized by the Department during 25–26 November 1988.
  • Workshop on “Prioritization of Strategies for Agricultural Development in NE India” — Organized during 27–28 February 2001, with financial and technical support from the National Centre for Agricultural Economics and Policy Research (NCAP), New Delhi.
  • ICAR-Sponsored Short Course on “Agricultural Management under New Economic Environment” — Organized by the Department during 12–21 September 2001.
  • Regional Workshop on “Accelerating Growth in the Horticultural Sector—Challenges and Opportunities for North East India” — Organized by the Department during 19–20 August 2008, sponsored by the Indian Society of Agricultural Economics, Mumbai.
  • National Seminar on “Emerging Trends and Opportunities in Grain Processing Sector with Reference to North Eastern States” — Organized by the Department during 26–27 August 2008, in collaboration with the Indian Institute of Crop Processing Technology (IICPT), Thanjavur, Tamil Nadu, and the Ministry of Food Processing Industries, Government of India, New Delhi.
  • Short Course on “Agribusiness and Marketing—Its Challenges and Strategies under Changing Economic Environment” — Organized by the Department in collaboration with the Indian Council of Agricultural Research (ICAR), New Delhi, during 1–10 November 2008.
  • Training Course on “Commodity Futures Market” — Organized by the Department during 8–9 February 2010, in collaboration with the Forward Markets Commission (FMC), Mumbai, and NCDEX Ltd.
  • ISAE-AAU Regional Conference on “Sustainable and Inclusive Agricultural Transformation in North East India: Innovations, Markets and Policies for Rural Prosperity” — Organized during 19–20 September 2025.
  • Knowledge Exchange Business Meeting on Indian Poultry Feed Industry — Organized on 25 October 2024.
  • 16th Indo-Japanese Dialogue on Economic Development in India — Organized on 4 March 2025.
  • Workshop on “Data Analysis for Social Science Research” — Organized during 17–19 March 2026.
Undergraduate (UG) Courses 8 Courses
# Course No. Course Title Credit Syllabus
1 Ag. Econ 213 * Entrepreneurship Development and Business Communication 3 (2+1)
2 Ag. Econ 222 Principles of Agricultural Economics and Farm Management 2 (2+0)
3 Ag. Econ 313 * Agricultural Marketing and Trade 2 (1+1)
4 Ag. Econ 322 * Agricultural Finance & Cooperation 2 (1+1)
5 AS Econ 123 * Entrepreneurship Development and Business Management 3 (2+1)
6 AS Econ 223 * Agricultural Marketing and Trade 3 (2+1)
7 AS Econ 322 * Agricultural Marketing, Trade and Prices 2 (1+1)
8 AS Econ 322 * Fundamentals of Agricultural Economics 2 (2+0)
* indicates compulsory courses.
Masters (PG) Courses 39 Courses
# Course No. Course Title Credit Syllabus
1 ABM 501 * PRINCIPLES OF MANAGEMENT AND ORGANIZATIONAL BEHAVIOUR 3 (3+0)
2 ABM 502 * AGRIBUSINESS ENVIRONMENT AND POLICY 2 (2+0)
3 ABM 503 * MANAGERIAL ECONOMICS 2 (2+0)
4 ABM 504 * MANAGERIAL ACCOUNTING AND CONTROL 3 (2+1)
5 ABM 505 * COMMUNICATION FOR MANAGEMENT AND BUSINESS 2 (2+0)
6 ABM 506 * BUSINESS LAWS AND ETHICS 2 (2+0)
7 ABM 507 * MARKETING MANAGEMENT 3 (2+1)
8 ABM 508 * HUMAN RESOURCE MANAGEMENT 2 (2+0)
9 ABM 509 * FINANCIAL MANAGEMENT 2 (1+1)
10 ABM 510 * PRODUCTION AND OPERATIONS MANAGEMENT 2 (1+1)
11 ABM 511 * RESEARCH METHODOLOGY IN BUSINESS MANAGEMENT 3 (2+1)
12 ABM 512 * PROJECT MANAGEMENT AND ENTREPRENEURSHIP DEVELOPMENT 2 (2+0)
13 ABM 513 * COMPUTERS FOR MANAGERS 2 (1+1)
14 ABM 514 * MANAGEMENT INFORMATION SYSTEMS 2 (2+0)
15 ABM 515 * OPERATIONS RESEARCH 2 (2+0)
16 ABM 521 * FARM BUSINESS MANAGEMENT 2 (1+1)
17 ABM 527 * MANAGEMENT OF AGRIBUSINESS COOPERATIVES 2 (2+0)
18 ABM 529 * FOOD RETAIL MANAGEMENT 2 (2+0)
19 ABM 530 * MANAGEMENT OF AGRICULTURAL INPUT MARKETING 2 (2+0)
20 ABM 532 * AGRI SUPPLY CHAIN MANAGEMENT 2 (2+0)
21 AEC 501 * Micro Economic Theory and Applications 3 (3+0)
22 AEC 502 * Agril. Production Economics 2 (1+1)
23 AEC 503 * Agril. Marketing and Price Analysis 3 (2+1)
24 AEC 504 * Macro Economics & Policy 2 (2+0)
25 AEC 505 * Econometrics 3 (2+1)
26 AEC 506 Agricultural Development and Policy Analysis 2 (2+0)
27 AEC 507 * Agricultural finance and Project Management 3 (2+1)
28 AEC 508 * Linear Programming 2 (1+1)
29 AEC 509 * Research Methodology for Social Science 2 (1+1)
30 AEC 510 Indian Economy: History and Contemporary Issues 2 (2+0)
31 AEC 511 International Economics 2 (1+1)
32 AEC 512 Institutional Economics 1 (1+0)
33 AEC 513 Natural Resource and Environmental Economics 2 (1+1)
34 AEC 514 Commodity Future Trading Credits 2 (2+0)
35 AEC 515 Development Economics Credit 2 (2+0)
36 AEC 516 Rural Marketing 2 (2+0) —
37 AEC 517 Evolution of Economic Thought 1 (1+0)
38 AEC 591 (II) * Master’s Seminar 1 (0+1) —
39 AEC 591(I) * Master’s Seminar 1 (0+1) —
* indicates compulsory courses.
Doctoral (Ph.D.) Courses 12 Courses
# Course No. Course Title Credit Syllabus
1 AEC 601 * Advance Micro-Economic analysis 2 (1+1)
2 AEC 602 * Advance Macro Economics 2 (2+0)
3 AEC 603 * Advance Econometrics 3 (2+1)
4 AEC 604 * Advanced Production Economics 3 (2+1)
5 AEC 605 Operations Research 3 (2+1)
6 AEC 606 * Advance Agricultural Marketing and Price Analysis 3 (2+1)
7 AEC 607 Quantitative development policy analysis 2 (1+1)
8 AEC 608 Natural Resource Management 2 (1+1)
9 AEC 609 Environmental Economics 3 (2+1)
10 AEC 691 * Doctoral Seminar (I) 1 (0+1) —
11 AEC 691 (I) * Doctoral Seminar 1 (0+1) —
12 AEC 692 * Doctoral Seminar (II) 1 (0+1) —
* indicates compulsory courses.

Research & Extension Projects

55 Total Projects
Ongoing Projects (20)
Department of Biotechnology, Ministry of Science and Technology, Government of India Rs. 12627150 Crore Ongoing
Model Climate Smart Farm to demonstrate Precision Agriculture Technologies for Societal upliftment of Majuli
Ministry of Agriculture and Farmers Welfare Rs. 30 Lakh Ongoing
Participatory sustainable regenerative agriculture and agroforestry system for voluntary carbon market
Directorate of Research, Assam Agricultural University, Jorhat, Assam Rs. 30 Lakh Ongoing
Production of quality seeds of some popular AAU developed varieties of rice and their marketing in ppp mode
UN-WFP Rs. 1 Crore Ongoing
Enhancing climate adaptation of vulnerable communities through nature based solution and gender transformative approach in Nagaon district of Assam (ENACT ASSAM)
Norwegian Govt Rs. 1.4 Crore Ongoing
A transformative climate action through upscaling climate resilient rice and other agricultural technologies supported by evidence-based knowledge and policy in India (UPSCALE)
Directorate of Research, Assam Agricultural University Rs. 10 Lakh Ongoing
Marketing of AAU Select products through E-commerce wing of Agricultural Market Intelligence Unit
National Agricultural Science Fund (NASF) Rs. 16.275 Lakh Ongoing
Potential of Crop Residues in NEH Region - A circular economy perspective for sustainable livelihood
ICAR-IIFSR, Modipuram Rs. 8.5 Lakh Ongoing
ICAR-IIFSR, Modipuram sponsored project on "Pilot Project on Crop Diversification (Centre-Assam)", project cost Rs.1.5 Lakh implemented in 2023.
Norwegian Govt Rs. 200000 Lakh Ongoing
Socio Economic Impact of Submergence Tolerant Rice Varieties on Farmers
AICRPAM-NICRA Ongoing
Impact study of NICRA adopted village
SITA,Govt. of Assam Rs. 500.00 Lakh Ongoing
"Up-scaling of livelihood: implication through smart agriculture and agro-eco tourism"
GoA Rs. 100 Lakh Ongoing
‘Natural Farming (at AAU Head Quarter).
IISR Ongoing
Popularization and commercialization of the soybean crop in NEH region
APART Rs. 865 Lakh Ongoing
Establishment of Market Intelligence Unit at Assam Agricultural University, Jorhat
DST, Govt. of India Ongoing
Integrated Approaches towards Addressing Sustainable Agriculture among the SC/ST Population with Special Reference to Jhum Cultivators of Karbi Anglong District of Assam
NABARD Ongoing
CBBO for formation of FPC/FPO
World Bank Rs. 82600000 Lakh Ongoing
Agricultural Market Intelligence Unit
Ongoing
Rice Cropping System Knowledge Bank website
ICAR- NIAP Ongoing
Policy Imperatives for Promoting Value Chains Agricultural Commodities in India
NABARD Rs. 600000.00 Lakh Ongoing
Issues relating to agricultural development and sustainability in Assam
Completed Projects (35)
Ministry of Agriculture and Farmers Welfare Rs. 8.5 Lakh 2025 Completed
Oil Palm Cultivation in Assam, A Baseline Survey
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
ICAR – Indian Institute of Rice Research (IIRR), Hyderabad Rs. 500000 Lakh 2025 Completed
Strengthening Farmers’ Livelihoods to Transform Assam’s Rural Economy
(PI/Co-PI/Associated Scientist : Dr. Pompi Dutta)
ICAR – Indian Institute of Rice Research (IIRR), Hyderabad 2025 Completed
Empowering Farmers, Transforming Futures: Strengthening the Socio-economic Conditions in Jorhat & Nagaon districts of Assam
(PI/Co-PI/Associated Scientist : Dr. Pompi Dutta)
ICSSR Rs. 500000 Lakh 2024 Completed
Livelihood Promotion of Smallholder Tribal Farmers through Entrepreneurial Ventures in Traditional Fruits of Assam
(PI/Co-PI/Associated Scientist : Dr. Manashi Gogoi)
Ministry of Agriculture, Department of Agriculture & Farmers Welfare Govt. of India Rs. 8 Lakh 2024 Completed
OIL PALM CULTIVATION AND ITS FUTURE PROSPECTS IN ASSAM
(PI/Co-PI/Associated Scientist : Dr. Dipanjan Kashyap)
SITA, Assam Rs. 14.63 Lakh 2022 Completed
Survey of Rural Primary Markets (Grammin Periodical haats) in Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
North East Centre for Technology Application and Reach (NECTAR), Shillong 2021 Completed
Augmentation of Income of Small Tea Growers of Assam through Production and Marketing of Specialty Tea
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
Ministry of Agriculture and Farmers' welfare,Govt. of India Rs. 150000 Lakh 2019 Completed
Market analysis of bamboo products in Assam
ICSSR, New Delhi Rs. 5 Lakh 2019 Completed
Exploring Agri business Opportunities in Indigenous Fruits of Assam
Save the Children, Bal Raksha Bharat Rs. 3 Lakh 2019 Completed
Moving towards sustainable private sector by creating responsible business behaviour in tea industry in Assam
Ministry of Agriculture and Farmers' welfare,Govt. of India Rs. 1.5 Lakh 2019 Completed
"Market analysis of bamboo products in Assam" A project of AERC for NE Region, AAU Jorhat
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
ICAR Rs. 3362000 Lakh 2018 Completed
NIAP on Resource use efficiency for Sustainable Agriculture
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
APART Rs. 25 Lakh 2018 Completed
Market feasibility study for tissue culture banana in Assam
AYUSH NMPB Rs. 2407600 Lakh 2017 Completed
Prospected of Marketing of Medicinal Plant in Assam and North Eastern Region
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
NIAM, Jaipur Rs. 10 Lakh 2016 Completed
Marketing Strategy for Horticultural Crops in Assam
Directorate of Research(Agri),AAU,Jorhat 2016 Completed
Farmers’ Innovation – Decision Pattern in relation to Recommended Rice Production Technology- A study in Upper Brahmaputra Valley Zone of Assam”
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
ICAR-NIAP Rs. 35.0 Lakh 2014 Completed
Regional Crop Planning for Improving Resource Use efficiency and Sustainability
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
Dr Agri, AAU Rs. 4.20 Lakh 2014 Completed
Impact of TDIIAA at AAU
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
Deptt. of Agriculture, Govt. of Assam 2013 Completed
Pilot Project of Nutri-Farms (2013-14)- “Cluster Demonstration on Food Processing and Value Addition of Maize”.
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
Ministry of Tribal Affairs, ,GoI. 2013 Completed
Tribal Sub Plan (TSP) project on “Promotion of Agriculture Centric Sustainable Livelihood Security for Tribal Farmers of Assam” implemented by RARS, North Lakhimpur in Dhemaji District
(PI/Co-PI/Associated Scientist : Dr. Dipanjan Kashyap)
SIRD, Guwahati (Deptt.of Panchayat and Rural Development,Govt. of Assam) 2013 Completed
SIRD sponsored “Action Research Project on Piggery under BRGF programme” implemented by KVK, Dhemaji
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
Directorate of Agriculture, Govt of Assam Rs. 300000.00 Lakh 2012 Completed
Impact analysis of NFSM projects on production and productivity of rice and pulses
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
DR, Agri, AAU Rs. 4.28 Lakh 2012 Completed
Conservation of Bari Biodiversity through Empowerment of Women in Assam
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
ICAR, New Delhi Rs. 36.7868 Lakh 2012 Completed
NAIP sub project on “Live better with the flood –An approach for sustainable livelihood security in district Dhemaji, Assam.”
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
DR, Agri, AAU Rs. 3.42 Lakh 2010 Completed
Impact of NFSM on rice productivity in Assam
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
IRRI, Philippine funded IRRI –AAU collaborative project implemented by RARS,North Lakhimpur 2010 Completed
Assessing the consequences of extreme climate variability on men and women in ensuring food security and sustaining livelihoods: a case study in rice based farming in Assam, India.
(PI/Co-PI/Associated Scientist : Dr. Horindra Gogoi)
IRRI, Philippines Rs. 9.0 Lakh 2008 Completed
Stress Tolerant Rice in Africa and South Asia
(PI/Co-PI/Associated Scientist : Dr. Nivedita Deka)
NSC, New Delhi Rs. 200000.00 Lakh 2006 Completed
Consumer satisfaction study for NSC seeds in Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
ICAR - CGP mode Rs. 1544000.00 Lakh 2000 Completed
Economics of post harvest management of perishable agricultural commodities in Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
ICAR Rs. 2880000.00 Lakh 2000 Completed
Agrarian institutions in Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
NABARD Rs. 600000.00 Lakh 1998 Completed
A study on the impact of tenancy system on resource use and productivity in Jorhat district of Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
NABARD Rs. 600000.00 Lakh 1997 Completed
Infrastructure and agricultural development with reference to road network in Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
NABARD Rs. 600000.00 Lakh 1997 Completed
Measurement of risk and risk management strategies in flood prone areas of Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
NABARD Rs. 600000.00 Lakh 1996 Completed
Production and marketing of major cereals across various agro-climatic zones of Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)
NABARD Rs. 600000.00 Lakh 1996 Completed
Role and performance of institutional credit on agricultural development in UBVZ of Assam
(PI/Co-PI/Associated Scientist : Dr. Chandan Hazarika)