What is the Paper About?
This paper explores the factors influencing individuals’ participation in agricultural entrepreneurship in developing countries, focusing on personal perceptions, sociocultural influences and demographic characteristics. Drawing on Global Entrepreneurship Monitor data from 4,341 individuals across 20 developing economies, the study examines how confidence in entrepreneurial abilities, perceptions of opportunities, fear of failure, entrepreneurial role models and societal attitudes influence engagement in agricultural entrepreneurship. The findings highlight entrepreneurial self-efficacy, or confidence in one’s ability to start and manage a business, as a particularly important factor. While individual sociocultural influences were not statistically significant, broader combinations of personal perceptions and sociocultural factors were associated with entrepreneurial participation. The research also identifies a significant gender gap, with women less likely than men to engage in agricultural entrepreneurship.
Why is it Important?
Agricultural entrepreneurship plays an important role in supporting rural livelihoods, employment and economic development, particularly in developing countries where agriculture remains a major source of income. This research advances understanding of why individuals pursue entrepreneurial opportunities within agriculture, highlighting that recognising opportunities alone may be insufficient without confidence in the ability to act upon them. The findings suggest that policies and support programmes should combine entrepreneurship education and skills development with supportive social environments, mentoring and community networks. The significant gender gap also highlights the need for more inclusive approaches that address barriers facing women in agricultural entrepreneurship. By identifying the importance of both individual capabilities and wider sociocultural conditions, the study offers valuable insights for policymakers, educators and development organisations seeking to encourage agricultural entrepreneurship and support sustainable rural development.
