Entrepreneurial behaviour of farmers: A review in Indian perspective

Abstract

Entrepreneurship, acknowledged as a vital force for economic development, employment generation and growth worldwide, has garnered significant attention from researchers, educators and policymakers. This review paper delves into the entrepreneurial behaviour exhibited by Indian Farmers, exploring key components that contribute to their development as entrepreneurs and influence their profit-making endeavours. The study identifies a comprehensive array of entrepreneurial behaviour components among farmers, encompassing Innovativeness, Farm decision-making pattern, Scientific orientation, Achievement motivation, Risk taking ability, Self-confidence, Persistency, Feed-back usage, Persuasion ability, Manageability, Economic motivation, Market orientation, Ability to coordinate available resources, Planning ability and Opportunity detector. Research output reveal that farmers show varying levels of these components, categorized as low, medium, and high. A predominant number of farmers fall within the medium-level category, with attributions to various factors such as age, education, household income, land holdings, farming experience, training exposure, and participation in extension and social activities. This aids in understanding of the entrepreneurial behaviour of farmers and also provides valuable insights for researchers, educators and policymakers seeking to foster a suitable environment for entrepreneurial development in Indian agricultural sector.