Strengthening Policy Frameworks for Economically Viable Sustainable Agriculture

Dhasarathan M

MPRA Paper from University Library of Munich, Germany

Abstract: Sustainable agriculture is vital for food security, environmental conservation, and economic resilience. This chapter explores policy frameworks and economic viability in promoting sustainable farming. Historically, agricultural policies prioritized productivity, often at the cost of environmental degradation. However, evolving frameworks now integrate financial incentives, regulatory standards, and market-based mechanisms to support sustainability. Key policy instruments such as subsidies, environmental regulations, and public-private partnerships play a crucial role in facilitating the transition to sustainable agriculture. Case studies from various countries highlight diverse policy approaches. Economic challenges such as high investment costs and market access barriers hinder adoption, though long-term benefits include lower input costs and improved soil health. Financial tools like microfinance, impact investing, and crop insurance help mitigate risks. Innovations in precision farming and digital agriculture enhance sustainability and profitability. A holistic approach is crucial, integrating economic, environmental, and social dimensions. Strengthening financial support, market incentives, and capacity-building initiatives will drive adoption. Future efforts should harmonize policies, foster global cooperation, and leverage technology for resilient agricultural systems.

Keywords: Sustainable agriculture; policy frameworks; economic viability; environmental governance; market-based approaches (search for similar items in EconPapers)
JEL-codes: Q56 (search for similar items in EconPapers)
Date: 2025-03-01
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Published in Advances in Sustainable Agriculture and Food Systems (2025): pp. 218-232

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