Vol. 6, Issue 1, Part C (2020)
Nature and importance of agricultural entrepreneurship
Nature and importance of agricultural entrepreneurship
Author(s)
Sarap NS
Abstract
Excessive discussion is held these days about farmers’ becoming ‘entrepreneurs’. What is the meaning of entrepreneurship? How does it help entrepreneurial? How can an entrepreneurial behaviour be formed and sustained? How can entrepreneurial skills be settled? How do entrepreneurial farmers respond to the changing farming trends? What approaches do they use? What preparations do they make? And how can extension workers help farmers develop entrepreneurial capacity? There are two parts of entrepreneurship. The first is the ‘managerial skills’ needed to start and run a gainful agri-business. The second is ‘entrepreneurial motivation’. Both are important. Managerial skills can be taught, but an entrepreneurial motivation cannot. Many farmers are already admirable managers and many also have some of the motivation of an entrepreneur. As ‘high earner’ many farmers have developed outstanding abilities to make the most of their resources. But being ‘high earner’ does not suggest that these farmers are not innovative, do not take risks, and lack the drive that is usually associated with an entrepreneurial motivation. The purpose of this paper is to provide a better understanding of the concept and practice of entrepreneurship. With this understanding it is hoped that extension workers will be better able to help farmers develop the skills and motivation of an entrepreneur. Group entrepreneurship is also important. It is an attempt to throw light on agri-business management.