Assessing the Venturing of Rural and Peri-Urban Youth into Micro- and Small-Sized Agricultural Enterprises in the Eastern Cape Province, South Africa

Zimi Thibane, Lelethu Mdoda (), Lungile Gidi and Anele Mayekiso
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Zimi Thibane: Discipline of Agricultural Economics, School of Agriculture, Science and Environmental Sciences, University of KwaZulu-Natal, P/Bag X01, Scottsville, Pietermaritzburg 3201, South Africa
Lelethu Mdoda: Discipline of Agricultural Economics, School of Agriculture, Science and Environmental Sciences, University of KwaZulu-Natal, P/Bag X01, Scottsville, Pietermaritzburg 3201, South Africa
Lungile Gidi: Department of Agricultural Economics and Animal Production, University of Limpopo, P/Bag X1106, Sovenga 0727, South Africa
Anele Mayekiso: Department of Agricultural Economics and Extension, Faculty of Science and Agriculture, University of Fort Hare, P/Bag X1314, Alice 5700, South Africa

Sustainability, 2023, vol. 15, issue 21, 1-18

Abstract: This study aimed to empirically assess the venturing by rural and peri-urban youth into micro- and small-sized agricultural enterprises in the Eastern Cape Province, South Africa. The aim of the study was achieved by focusing on the following specific objectives: analyzing youth involvement in agricultural enterprises; estimating the factors that influence youth participation in micro- and small-sized agricultural enterprises; and identifying constraints and opportunities for youth involvement in micro- and small-sized agricultural enterprises in the Eastern Cape Province. The study used multi-stage and snowballing sampling to select the respondents, and cross-sectional primary data were collected from 120 youths who ventured into micro- and small-sized agricultural enterprises. Only 70 youths from the sample participated in agricultural enterprises. The study was geared toward proposing a funding framework aligned with the characteristics of small- and micro-sized enterprises (SMEs) which can be used by both development finance institutions (DFIs) and commercial banks to assess applications for funding SMEs.

Keywords: agricultural enterprise; Eastern Cape Province; youth participation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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