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Sustainable Entrepreneurship, Family Farms and the Dairy Industry

Sustainable Entrepreneurship, Family Farms and the Dairy Industry
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Author(s): Vanessa Ratten (School of Management, La Trobe Business School, La Trobe University, Melbourne, Australia) and Leo-Paul Dana (Montpellier Business School, Montpellier, France)
Copyright: 2022
Pages: 19
Source title: Research Anthology on Strategies for Maintaining Successful Family Firms
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3550-2.ch041

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Abstract

There has been increasing recognition that for regional competitiveness in rural areas there needs to be a focus on sustainable farming initiatives especially for family farms that are competing with global conglomerates. Family farms, whilst declining in number, are the purpose of this paper studying the rural entrepreneurship in family farms as they are at the heart of rural communities and the overall agricultural industry and comprise a high percentage of total farms. This paper takes a case study approach using in-depth semi structured interviews to delve into the types of entrepreneurial strategies that are distinctive of family farms in terms of their sustainability approach to farming. Dairy farms in the West Victorian area of Australia are studied and the findings suggest that family farms can increase their regional competitiveness and international standing by focusing on their collaborative, social and sustainable entrepreneurial strategies.

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