Abstract
Rural tobacco farmers can face serious financial crises under the condition of constant price changes due to inflation. Inflationary conditions can also destabilize the financial plans of rural tobacco farmers. It was therefore the objective of this paper to assess the impact of inflationary conditions on the financial growth and sustainability of tobacco farmers in rural areas. A survey approach is applied in this research. Data was gathered through a primary source, and SPSS was applied to analyze the data, which was computed and presented in the form of charts and graphs. It was found that inflationary conditions have a significant negative impact on the financial growth and sustainability of tobacco farmers in rural areas. These include an increase in the price of farm inputs, low quantity and quality of tobacco, and a low price of tobacco on the auction floors. Thus, the study recommends that the government should reduce taxes, especially on the importation of agricultural materials, and the government should adopt proper strategies to hedge the risk of inflation, and, of course, farmers should work on the quality of tobacco.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
