The Agriculture Economics Section was established as a separate discipline in the College of Agriculture, Pune in the year 1925to impart education for under graduate and Post Graduate courses in Agriculture Economics as a result of the initiative of the personalities like Rao Bahadur P.C. Patil, Mr. T. F. Mann and Dr. Burns that earlier directors of Agriculture made valuable contribution in the field of Agricultural Economics which lead to the establishment of section at the college.

The Mahatma Phule Krishi Vidyapeeth has started Master of Business Administration (Agriculture) a Post Graduate Degree Programme at Agriculture Economics Section, Pune, since 2008