Agricultural Economics is a field of study that focuses on the economic aspects of agriculture and farming. It examines how resources are allocated in the production, distribution, and consumption of agricultural goods. This discipline helps farmers and policymakers make informed decisions about crop production, pricing, and resource management. The field also analyzes the impact of government policies, trade, and market trends on the agricultural sector. By understanding these economic factors, stakeholders can improve efficiency, sustainability, and profitability in agriculture, ultimately contributing to food security and rural development.