Economic Viability of Organic Farming Practices in Developing Countries

Organic farming has become a better option compared to conventional farming methods, offering sustainability, health benefits, and improved rural livelihoods. Organic farming practices face unestablished economic feasibility challenges in developing countries because these areas often deal with resource limitations along with market system faults. This paper analyzes available studies to understand how costs and benefits interact with market structures and policy structures to determine organic agricultural sustainability in these regions. Various studies show organic farming provides lasting economic advantages, together with ecological advantages, though transition difficulties and short-term disadvantages prevent many farms from adopting this system. Organic systems gain viability when policies support them and when knowledge and market integration develop effectively. Future empirical work should focus on developing solutions to barriers that limit organic agriculture expansion in developing economies, according to the recommendations for policymakers and development practitioners.

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Publication Details

Journal
Journal of Economics Finance and Accounting Studies
Published
2024-12-25
DOI
https://doi.org/10.32996/jefas.2024.6.6.10
Primary Topic
Agricultural Systems and Practices
Type
article
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article

Economic Viability of Organic Farming Practices in Developing Countries

Thameed Thoky
Journal of Economics Finance and Accounting Studies
Agricultural Systems and Practices
article

Economic Viability of Organic Farming Practices in Developing Countries

Thameed Thoky
article en

Abstract

Organic farming has become a better option compared to conventional farming methods, offering sustainability, health benefits, and improved rural livelihoods. Organic farming practices face unestablished economic feasibility challenges in developing countries because these areas often deal with resource limitations along with market system faults. This paper analyzes available studies to understand how costs and benefits interact with market structures and policy structures to determine organic agricultural sustainability in these regions. Various studies show organic farming provides lasting economic advantages, together with ecological advantages, though transition difficulties and short-term disadvantages prevent many farms from adopting this system. Organic systems gain viability when policies support them and when knowledge and market integration develop effectively. Future empirical work should focus on developing solutions to barriers that limit organic agriculture expansion in developing economies, according to the recommendations for policymakers and development practitioners.

Journal of Economics Finance and Accounting StudiesVol. 6(6)
Baba Farid University of Health Sciences (IN)
Openalex Percentile: Top 79%
Agricultural Systems and Practices
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