Author(s): Md. Habibur Rahman, Md. Saidur Rahman, Mehedi Hasan, Nazifa Zahin

Email(s): habib_du32@yahoo.com , saidur.rahman@bau.edu.bd , mehedi.aers.14@gmail.com , nzabau1@gmail.com

DOI: 10.52711/2454-2679.2024.00023   

Address: Md. Habibur Rahman1*, Md. Saidur Rahman2, Mehedi Hasan2, Nazifa Zahin2
1Institute of Agribusiness and Development Studies, Bangladesh Agricultural University, Bangladesh.
2Department of Agricultural Economics, Bangladesh Agricultural University, Bangladesh.
*Corresponding Author

Published In:   Volume - 12,      Issue - 3,     Year - 2024


ABSTRACT:
In Bangladesh, a nation enriched with vast inland aquatic ecosystems and adjacency to the Bay of Bengal, there is a prominent legacy of fisheries resources. This research aims to assess the current status, challenges, and future potential of fisheries-based agribusiness farms within the country. Using a purposive sampling technique, cross-sectional data were gathered from a cohort of 60 individuals. The data were presented through frequency distribution matrices and further complemented by the application of descriptive statistical methods. Analytical findings indicated that approximately 48.3% of stakeholders in the fisheries-centric agribusiness domain encountered financial challenges during the inception of their ventures. Concurrently, 20% of these stakeholders expressed a lack of foundational knowledge essential for a smooth business initiation. A significant portion of respondents (51.7%) identified inexperience as the main barrier to exporting fish products to international markets. Price volatility was a pronounced concern for 25% of respondents. Moreover, a staggering percentage of participants (90%) highlighted the inadequacy of existing educational structures in fostering entrepreneurial skills in Bangladesh. Other challenges included revenue losses due to the COVID-19 pandemic, a limited adoption of advanced technologies, a shortage of high-quality fish products, and potentially detrimental regulatory frameworks. It is essential for policymakers to consider strategies that integrate cutting-edge technologies, enact supportive regulations, stabilize prices, enhance access to financial instruments like loans, and establish modern educational institutions to address these challenges. This study also points to potential research areas that can further enrich our understanding and expand the theoretical framework of the fisheries-centric agribusiness sector.


Cite this article:
Md. Habibur Rahman, Md. Saidur Rahman, Mehedi Hasan, Nazifa Zahin. Assessing the Potential for fisheries-based Agribusiness Farms in Bangladesh: An Empirical Study. International Journal of Advances in Social Sciences. 2024; 12(3):131-2. doi: 10.52711/2454-2679.2024.00023

Cite(Electronic):
Md. Habibur Rahman, Md. Saidur Rahman, Mehedi Hasan, Nazifa Zahin. Assessing the Potential for fisheries-based Agribusiness Farms in Bangladesh: An Empirical Study. International Journal of Advances in Social Sciences. 2024; 12(3):131-2. doi: 10.52711/2454-2679.2024.00023   Available on: https://ijassonline.in/AbstractView.aspx?PID=2024-12-3-3


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