ECONOMIC ANALYSIS OF ORGANIC FARMING VERSUS CONVENTIONAL AGRICULTURE A COMPARATIVE AGRIBUSINESS PERSPECTIVE
DOI:
https://doi.org/10.63736/4rrry911Keywords:
Organic Farming, Conventional Agriculture, Economic Analysis, Agribusiness, Profitability, Market AccessAbstract
This research provides an in-depth economic analysis comparing organic farming with conventional agriculture from an agribusiness perspective. By examining production costs, yields, market access, price premiums, profitability, and sustainability, this study offers comprehensive insights into the economic trade-offs for farmers and agribusiness stakeholders. Empirical data from various regions and crop types are analyzed to evaluate the viability and scalability of organic farming vis-à-vis conventional systems. Results reveal that although organic farming tends to have higher initial costs and lower yields, it benefits from higher product prices and growing market demand, offering competitive profitability under suitable market conditions.
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