Entrepreneurial Value Creation: Study on Small Agri-tech Enterprise

Abstract

In India, agriculture is labour intensive. The agricultural tasks such as sowing, weeding, spraying pesticides and harvesting are done manually. As it provides only seasonal employment, most rural labour force migrates to urban areas to earn a more sustainable income. This intrastate and interstate migration of the labour force creates a massive shortage in rural areas. This migration pushes the labour cost, leading to an increased price of agricultural produce. It is a significant concern for semi-medium and medium farmers with a limited budget for a small scale of operation. Non-availability of labourers pushed farmers to seek and adopt semi-mechanization in agricultural activities. The available farm machinery in the market is costly and primarily caters to the need of big farmers. Higher cost prevents semi-medium and medium farmers from using such machinery. They need farm machinery customized as per their need at an affordable price. Considering the problems faced by the horticultural farmers, ‘Kakade Agro Equipment’ designed farm machinery that could meet the requirements of the local farmers. The present case attempts to understand how small and medium enterprises operating at the local level are solving the problems of semi-medium and medium-scale horticultural farmers using technological innovation in a financially sustainable way.

Enhancing Animal Production through Smart Agriculture: Possibilities, Hurdles, Resolutions, and Advantages

“…This includes automated feeding, health wearables, management software, genetic testing, and the utilization of supply chain and blockchain technologies for quality enhancement and transparent tracking. Collectively, these technological advancements serve to boost productivity, enhance animal welfare, and improve resource management, thereby fostering positive economic and social outcomes within the farming sector [112,113].…”

Entrepreneurial competency in agriculture: is it a panacea for the problem of farmers' welfare?

“…The current issue and full text archive of this journal is available on Emerald Insight at: https://www.emerald.com/insight/2044-0839.htm smallholder areas. However, land constraints and degradation are not the only factors that hindered farm productivity as some of the problems could be caused by farmers' limited competency (Swain et al, 2022). As defined by Morris et al (2019), entrepreneurial competency is the "knowledge, skills, abilities, values, attitudes, personality and expertise that lead to entrepreneurial action" and this entrepreneurial competency can be improved through entrepreneurial education (Deveci and Konus ¸, 2022).…”

“…(2022) and Byiringiro and Reardon (1996) argued that land constraints and degradation are some of the factors that affect the productivity of a farm in smallholder areas. However, land constraints and degradation are not the only factors that hindered farm productivity as some of the problems could be caused by farmers' limited competency (Swain et al. , 2022).…”