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The poultry plight: Exploring farmers' financial awareness and causes of financial distress

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  • Mpumelelo Longweni

    (North-West University, South Africa)

  • Hope Phetolo Mfulwane

    (North-West University, South Africa)

  • Aloe Meintjes

    (North-West University, South Africa)

Abstract

This study explores the awareness and causes of financial distress of poultry farmers in South Africa. The poultry industry faces challenges that can lead poultry farms to a state of financial distress. Internal or external factors can cause financial distress. This paper focuses on the internal factors causing farmers' financial distress. The Morse and Field approach to analyzing qualitative data determined internal financial distress factors. The findings indicate that feed, electricity, labor, management, equipment, and wages are among the internal factors causing poultry farmer’s financial distress. The awareness of these internal factors can help poultry farmers prepare for periods of financial distress to avoid bankruptcy. The study contributes to the theoretical and empirical literature on financial distress in the poultry industry and makes recommendations for future researchers.

Suggested Citation

  • Mpumelelo Longweni & Hope Phetolo Mfulwane & Aloe Meintjes, 2023. "The poultry plight: Exploring farmers' financial awareness and causes of financial distress," ABEM Conference Proceedings, Academy of Business and Emerging Markets (ABEM), Canada, number 023167, January.
    • Handle: RePEc:ris:abemcp:023167
    DOI: 10.5281/zenodo.8137287
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