FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers
Smallholder farmers in developing nations face multifaceted challenges as they strive to secure fair prices for their agricultural products. With a primary focus on bolstering sustainable agricultural value chains (SAVC), this conceptual paper investigates the transformative potential of Financial T...
| Main Authors: | , , , , , , |
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| Format: | Article |
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John Wiley and Sons
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/112810/ |
| _version_ | 1848866043368308736 |
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| author | Rayhan, Md. Johir Rahman, S. M. Masudur Mamun, Abdullah Al Mohammad Saif, Abu Naser Islam, K. M. Anwarul Alom, Md. Mahabub Hafiz, Nusrat |
| author_facet | Rayhan, Md. Johir Rahman, S. M. Masudur Mamun, Abdullah Al Mohammad Saif, Abu Naser Islam, K. M. Anwarul Alom, Md. Mahabub Hafiz, Nusrat |
| author_sort | Rayhan, Md. Johir |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Smallholder farmers in developing nations face multifaceted challenges as they strive to secure fair prices for their agricultural products. With a primary focus on bolstering sustainable agricultural value chains (SAVC), this conceptual paper investigates the transformative potential of Financial Technology (FinTech) solutions. The study synthesizes insights from prior research on SAVC, hurdles faced by smallholder farmers, conventional strategies, and the untapped prospects offered by FinTech solutions in the agricultural sector. Utilizing the PRISMA strategy for comprehensive documentation retrieval, the study underscores the significance of creating a robust SAVC to empower smallholder farmers within the broader value chain landscape. It is found that Agri-FinTech solutions represent a pivotal avenue for advancing living standards and cultivating agricultural sustainability in developing nations. The integration of FinTech solutions for agri-credit mechanisms and product market facilitation catalyzes enabling pre-production financing and ensures fair prices for smallholder farmers in the post-production phase while neutralizing the value chain's exploitation potential. The study advocates for the expeditious adoption of information technology in developing countries, spotlighting the transformative role of Mobile Financial Services (MFS), which fortifies the agriculture sector, ensuring its resilience and responsiveness to the evolving demands of a globalized market. Drawing upon an evaluation of existing literature on FinTech-enhanced agricultural initiatives in developing nations, the study outlines directions for future research and creates a path for a more nuanced understanding of the strategic enhancements necessary to fortify the SAVC, fostering a sustainable and equitable ecosystem for smallholder farmers. © 2024 ERP Environment and John Wiley & Sons Ltd. |
| first_indexed | 2025-11-15T14:14:19Z |
| format | Article |
| id | upm-112810 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T14:14:19Z |
| publishDate | 2024 |
| publisher | John Wiley and Sons |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1128102024-11-11T03:39:50Z http://psasir.upm.edu.my/id/eprint/112810/ FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers Rayhan, Md. Johir Rahman, S. M. Masudur Mamun, Abdullah Al Mohammad Saif, Abu Naser Islam, K. M. Anwarul Alom, Md. Mahabub Hafiz, Nusrat Smallholder farmers in developing nations face multifaceted challenges as they strive to secure fair prices for their agricultural products. With a primary focus on bolstering sustainable agricultural value chains (SAVC), this conceptual paper investigates the transformative potential of Financial Technology (FinTech) solutions. The study synthesizes insights from prior research on SAVC, hurdles faced by smallholder farmers, conventional strategies, and the untapped prospects offered by FinTech solutions in the agricultural sector. Utilizing the PRISMA strategy for comprehensive documentation retrieval, the study underscores the significance of creating a robust SAVC to empower smallholder farmers within the broader value chain landscape. It is found that Agri-FinTech solutions represent a pivotal avenue for advancing living standards and cultivating agricultural sustainability in developing nations. The integration of FinTech solutions for agri-credit mechanisms and product market facilitation catalyzes enabling pre-production financing and ensures fair prices for smallholder farmers in the post-production phase while neutralizing the value chain's exploitation potential. The study advocates for the expeditious adoption of information technology in developing countries, spotlighting the transformative role of Mobile Financial Services (MFS), which fortifies the agriculture sector, ensuring its resilience and responsiveness to the evolving demands of a globalized market. Drawing upon an evaluation of existing literature on FinTech-enhanced agricultural initiatives in developing nations, the study outlines directions for future research and creates a path for a more nuanced understanding of the strategic enhancements necessary to fortify the SAVC, fostering a sustainable and equitable ecosystem for smallholder farmers. © 2024 ERP Environment and John Wiley & Sons Ltd. John Wiley and Sons 2024 Article PeerReviewed Rayhan, Md. Johir and Rahman, S. M. Masudur and Mamun, Abdullah Al and Mohammad Saif, Abu Naser and Islam, K. M. Anwarul and Alom, Md. Mahabub and Hafiz, Nusrat (2024) FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers. Business Strategy and Development, 7 (2). art. no. e358. -. ISSN 2572-3170 https://onlinelibrary.wiley.com/doi/10.1002/bsd2.358 10.1002/bsd2.358 |
| spellingShingle | Rayhan, Md. Johir Rahman, S. M. Masudur Mamun, Abdullah Al Mohammad Saif, Abu Naser Islam, K. M. Anwarul Alom, Md. Mahabub Hafiz, Nusrat FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers |
| title | FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers |
| title_full | FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers |
| title_fullStr | FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers |
| title_full_unstemmed | FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers |
| title_short | FinTech solutions for sustainable agricultural value chains: A perspective from smallholder farmers |
| title_sort | fintech solutions for sustainable agricultural value chains: a perspective from smallholder farmers |
| url | http://psasir.upm.edu.my/id/eprint/112810/ http://psasir.upm.edu.my/id/eprint/112810/ http://psasir.upm.edu.my/id/eprint/112810/ |