The Effect of Risk Management Practices on the Sustainability of Family Farming Businesses: A Qualitative Approach in Muara Sabak Region

Abstract

Family farming is pivotal to global food production and rural economies, offering sustainable agricultural practices while facing numerous challenges that threaten its viability. Managing risks effectively, including natural factors like adverse weather and economic uncertainties such as market fluctuations, is critical for ensuring the longevity of family farming businesses. This qualitative study focuses on the Muara Sabak region, renowned for its agricultural heritage, to examine the impact of risk management practices on sustainability. Through in-depth interviews and thematic analysis, the study explores farmers' perspectives on risk management strategies, challenges in implementation, and outcomes on business sustainability. The findings underscore the importance of tailored risk management frameworks in bolstering resilience and supporting sustainable agricultural development in Muara Sabak and similar regions globally. This research contributes insights for policymakers, extension services, and stakeholders aiming to enhance the resilience of family farming amidst dynamic agricultural landscapes.