The Agro-Economic Research Centre was established on November 16, 1963, in the University of Allahabad by the Ministry of Agriculture and Cooperation, Government of India. The Centre was started to fulfill the following objectives:

  1. To carry on research on fundamental problems relating to agricultural economy of India.
  2. To conduct adhoc studies in the problems in which Government of India is specially interested.
  3. To give technical advice to the Government of India and State Governments of Uttar Pradesh/ Bihar in the field of Agricultural Economics and Rural Sociology.

However the Ministry of Agriculture and Cooperation, Govt. of India has changed the Center’s coverage of area from East U.P. to all of erstwhile Uttar Pradesh now the two States of Uttar Pradesh and Uttranchal and also modified, as given below, the previous objectives with effect from 21.5.1990:      

  1. To create a network for applied researches, on continuous basis, on specified Agro-Economic Problems, which are of the interest to the Govt. of India and the State Govt.
  2. To have constant interaction with Ministry of Agriculture, Department of Agriculture and Cooperation, Govt. of India and State Govts. For identifying and undertaking research studies on emerging problems.
  3. To study the impact of various programmes for the development of Agriculture and Allied Sectors.

Thus since its inception the AERC has been discharging twin functions:

To undertake Government Sponsored Research Projects either individually or in collaboration with other Centres to study the impact of an existing policy or to formulate new policy in the field of Agro-Economic Problems of the country.

To undertake such primary and field based Research Projects on agro-economic and allied problems of the country as are fully sponsored and funded by Semi-Government and Non-Government Agencies, Bodies and Organizations.