Bridging Income Gaps: Empowering Small Ruminant Farmers

M Hayuni, Z.M. Lukman and O Norshahira
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M Hayuni: Faculty of Applied Social Sciences, University Sultan Zainal Abidin
Z.M. Lukman: Faculty of Applied Social Sciences, University Sultan Zainal Abidin
O Norshahira: Faculty of Applied Social Sciences, University Sultan Zainal Abidin

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 8, 1519-1525

Abstract: Income distribution is a crucial factor in economic analysis, providing insights into financial well-being and inequality within populations. This study explores monthly income distribution among low-income small ruminant farmers and presents an analysis of income brackets. Entrepreneurship is key to success in small ruminant farming, aiding farmers in identifying opportunities and creating value. Despite its benefits, barriers to entrepreneurial practices exist, necessitating interventions like training. This research employs a cross-sectional validation study in Terengganu, Malaysia, involving 613 small ruminant farmers. The majority (73.1%) earn less than RM 2,000.00 per month, showcasing income disparities. Addressing these disparities requires a multi-dimensional approach, involving microfinance, cooperative models, capacity building, and value chain development. Collaborative efforts among stakeholders can empower low-income small ruminant farmers, enhance financial inclusion, and promote sustainable agricultural growth. Governments must tailor regulations to the requirements of farmers in order to promote sustainable and inclusive growth. By following these techniques, low-income small ruminant farmers’ financial prospects and lives can be enhanced, contributing to equitable economic growth.

Date: 2023
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