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Innovation and Competitive Advantage: Leading the Sustainable Revolution in Agricultural Entrepreneurship

In: The Synergistic Effect of Sustainable Business Practices on Corporate Performance

Author

Listed:
  • Justina Teronpi

    (Assam University)

  • Juthika Konwar

    (Assam University)

  • Nilanjana Chakraborty

    (Assam University)

Abstract

Sustainable agricultural entrepreneurship is critical for food security and biodiversity, as global food demand is expected to reach 70% by 2050. Sustainability is critical for addressing problems such as food insecurity, natural disasters, diseases, and unemployment. The term “sustainable” refers to a person’s ability to handle stress and recover from shocks, while not undermining the natural resource base. The agricultural sector, which accounts for 4% of global GDP, is facing challenges with extreme clumsiness and risks, climate change, and environmental resource degradation. Sustainable agricultural practices possess the ability to reduce the consumption of natural resources while improving the quality of biodiversity. Agricultural entrepreneurship is on the rise, with a focus on farm and non-farm activities to diversify income streams and address challenges. Innovative practices such as vertical farming, hydroponics, greenhouse farming, and organic farming are being used to ensure food security while preserving the natural resource base. Farmers face challenges such as technology costs, technical know-how, farm mechanisation, indifference, a lack of support, monitoring, and awareness. Despite these challenges, sustainable practices have the potential to bridge the economic and biodiversity gaps, ensuring food security and sustainable agriculture.

Suggested Citation

  • Justina Teronpi & Juthika Konwar & Nilanjana Chakraborty, 2025. "Innovation and Competitive Advantage: Leading the Sustainable Revolution in Agricultural Entrepreneurship," Springer Books, in: Avichal Sharma & Majo George & Pallavi Pandey & Vivek Joshi & Manjari Sharma (ed.), The Synergistic Effect of Sustainable Business Practices on Corporate Performance, pages 47-59, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-3375-3_3
    DOI: 10.1007/978-981-96-3375-3_3
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