One day after an on-campus event celebrating the 150th anniversary of Rutgers’ designation as New Jersey’s land grant institution, an important component of that institution – the Department of Agricultural, Food, and Resource Economics – marked its founding exactly fifty years later, in 1914.
The department’s centennial event, held on November 6th in the Cook Campus Center, featured a panel discussion on “Agricultural and Resource Economics in the 21st Century.” This was followed by a reception and dinner for alumni, current and former faculty, staff and guests.
Over dinner, department chairman Paul Gottlieb reminded attendees that in the first decades of its existence, the department’s quantitative research was especially important to New Jersey agriculture. “We were founded a year after the personal income tax was instituted in the U.S.,” he noted. “Without good records on their costs of production, farmers couldn’t calculate their income, and they might wind up paying too much. The first Rutgers economists helped farmers with this new bookkeeping problem.” [Read more…]