University of Minnesota
College of Food, Agricultural and Natural Resource Sciences
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Department of Applied Economics

Agricultural and Food Business Management Major

Program Description


The Agricultural and Food Business Management (AFBM) program is no ordinary business major. The major is jointly offered with the Carlson School of Management and the College of Food, Agricultural and Natural Resource Sciences, it is the only dual program of its kind at the University. It draws on the strengths of each college to provide you with access to the professors, research, and resources of two nationally recognized programs. In addition, this partnership guarantees you priority registration for business classes in the Carlson School.

As a student studying AFBM, you will learn how to use economic concepts and management tools to effectively identify, analyze, and solve management problems for organizations in the food and agricultural industries, financial institutions, and both small and large companies. Internships are strongly recommended and can count toward degree requirements. In addition to the general required courses, you choose one of four areas of specialization or a minor in the Carlson School of Management to further specialize your degree

Areas of Specialization

Agricultural Markets and Risk Management

Students prepare for careers in input and commodity marketing organizations in the food system. Positions might include: commodity merchandiser or broker, grain marketing adviser or trader, procurement merchandiser, market and risk analyst, marketing associate, market and price analyst, futures trader, insurance broker.

Entrepreneurship and Business Management

Students prepare for careers in the food system and related industries and in private and public institutions that sponsor entrepreneurship programs for developing business and marketing plans for small businesses. Positions include: small business analyst, community entrepreneurship development program administrator, and small business specialist for financial or community organizations.

Financial Analysis and Business Management

Students prepare for careers in banking, brokerage, insurance, real estate, and financial management in corporate and small businesses. Positions might include: credit or financial analyst, loan underwriter or loan servicing specialist, accountant or account manager, business system or industry analyst, corporate financial or treasury officer, investment and insurance broker or specialist, business consultant.

Food Sales and Industry Management

Students prepare for careers in the marketing departments of large food and agribusiness companies. Positions might include: sales or buyer positions in the food ingredients or food products divisions, field marketers, regional and account sales managers, market analysts in commodity or input supply companies.

Associated Minors

Due to the unique relationship with the Carlson School of Management, as an AFBM major you have the opportunity to pursue one of Carlson's eight minors. These minors include:

Career Information for majors


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Applied Economics Minor

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