International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Mitigating Production Risks for Smallholder Soyabean Farmers in Chongwe District: Examining the Role of Commodity Markets

Author(s) Mr. Nsamba Shitumbanuma, Dr. Martin Kabwe
Country Zambia
Abstract : This study investigates the challenges faced by smallholder soyabean farmers in Chongwe District, Zambia, focusing on mitigating production risks through financial and market-based interventions. Smallholder farmers are highly vulnerable to climate variability, price fluctuations, and limited access to structured risk management tools, which compromise their economic stability and productivity. The study explores the role of micro-insurance, structured commodity markets, and financial literacy initiatives in enhancing resilience among these farmers. Using a mixed-methods approach that combines qualitative interviews with key stakeholders and quantitative surveys conducted among smallholder farmers, the study finds that despite the potential benefits of financial risk management tools such as weather-index insurance and futures contracts, their adoption remains low due to factors such as high costs, limited awareness, and logistical constraints. Additionally, the research highlights that a lack of financial literacy impedes farmers' ability to make informed decisions regarding risk management, further exacerbating economic vulnerability. To address these challenges, the study recommends tailored financial literacy programs, improved accessibility to structured markets, and the development of affordable micro-insurance products suited to smallholder farmers' needs. By bridging the gap between existing financial instruments and farmers' practical realities, these interventions have the potential to enhance agricultural sustainability and economic resilience. The findings contribute to policy discussions aimed at fostering inclusive financial systems and strengthening agricultural risk management frameworks in Zambia and similar contexts in Sub-Saharan Africa.
Keywords : Smallholder farmers, risk management, micro-insurance, commodity markets, financial literacy, climate resilience, Zambia
Field Business Administration
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-03-26
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.39850
Short DOI https://doi.org/g892pk
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