Strengthening Agricultural Business Resilience: Credit Risk Awareness and Financial Literacy for Livestock and Mixed-Farming Enterprises

Oluwafunmise Fifo () and Olajide Henny Eloini ()

International Journal of Innovative Science and Research Technology (IJISRT), 2026, vol. 11, issue 02, 2785-2793

Abstract: Emerging threats to agriculture, including climate change, market volatility, and structural constraints that exacerbate income instability, are increasingly evident across many countries. Sound financial decision-making by farmers is critical to sustaining output and reducing sectoral destabilization. This paper, drawing on resilience theory and a review of literature, examines barriers to financial inclusion, such as gender discrimination, low literacy levels, and inadequate rural infrastructure, that limit farmers’ access to credit and other financial services. It analyzes the role of credit risk awareness and financial management skills in strengthening the resilience of livestock and mixed-farming enterprises. Emerging approaches, including peer-led financial education, integrating credit knowledge into agricultural extension services, and leveraging digital and mobile platforms for inclusive training, are also discussed. Findings show that financial literacy and responsible borrowing reduce vulnerability, enabling investment in income diversification and yield-enhancing technologies. The study contributes to ongoing discussions on agricultural resilience by identifying financial literacy as a critical foundation for building just and sustainable agro-industry systems.

Keywords: Agribusiness; Credit Risk Awareness; Financial Literacy; Agribusiness Resilience; Diversification; Financial Management. (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ijisrt.com/strengthening-agricultural- ... dfarming-enterprises (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cvr:ijisrt:2026:02:ijisrt26feb1305

DOI: 10.38124/ijisrt/26feb1305

Access Statistics for this article

More articles in International Journal of Innovative Science and Research Technology (IJISRT) from IJISRT Publication
Bibliographic data for series maintained by Rahul Goyel ().