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

Mpumelelo Longweni, Hope Phetolo Mfulwane and Aloe Meintjes
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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

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

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.

Keywords: awareness; financial distress; internal factors, poultry farming (search for similar items in EconPapers)
Date: 2023
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https://doi.org/10.5281/zenodo.8137287

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Persistent link: https://EconPapers.repec.org/RePEc:ris:abemcp:023167

DOI: 10.5281/zenodo.8137287

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