This article, based on the sustainable livelihood framework and survey data from 1264 households in Xishuangbanna Dai Autonomous Prefecture, Puer City, and Lincang City in Yunnan Province, China, analyzes the impact mechanism of livelihood capital on the production input behavior of farmers affected by Asian elephant damage and the moderating effect of Asian elephant damage on this process using ordinary least squares (OLS) models. The study finds the following: (1) Asian elephant damage has a significant negative effect on farmers’ production input, meaning that as the severity of Asian elephant damage increases, farmers reduce their input into agricultural production factors. (2) Livelihood capital has a significant positive effect on farmers’ production input, and both the increment and stock of livelihood capital promote an increase in farmers’ production input. (3) Asian elephant damage strengthens the influence of livelihood capital on farmers’ inputs of agricultural production factors. Based on these findings, four recommendations are proposed: emphasizing the cultivation and enhancement of farmers’ livelihood capital, improving strategies for managing and preventing wildlife damage, optimizing the economic compensation mechanism for human–wildlife conflicts, and adhering to sustainable development and resource allocation. These recommendations aim to enhance wildlife conservation and management policies, strengthen farmers’ risk-coping capabilities, and ensure the sustainability of agricultural production and livelihoods.
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