The Role of Small Farmers Agribusiness Consortium (SFAC) Towards Doubling Farmers' Income: The Case of Kerala, India

Abstract

This paper describes the proactive interventions and positive impacts made by SFAC Kerala in the agribusiness sector. As we all know, doubling farmers' income is the main target of the country's agriculture sector during this period. SFAC Kerala also strives to achieve the same goal. Here, the performance of the 54 agribusiness units initiated by SFAC Kerala in the last five years (from the 2017-18 financial year to the 2021-2022 financial year) duration has been considered for analysis and interpretation. Census methodology has been adopted in this study. Primary data was collected from all the above agencies through the telephonic interview method. Barring a decline phase during the Covid pandemic, SFAC's efforts towards doubling farmers' income have been successful. The average monthly income of farmers has increased by over sixty percent in the last five financial years. If the current growth rate is maintained, SFAC will achieve the target of doubling farmers' income within a minimum of five financial years through the agribusiness sector. Advanced technology adoption and professional management approach in the field of agribusiness are more helpful in the journey towards it.