DEVELOPING FINANCIAL EMPOWERMENT IN ENHANCING SUSTAINABLE FARMERS’ POTENTIAL, THAILAND

Abstract

Farmers' potential is strong and they can rely on themselves from commercial farming and generate additional income from quality production. This framework clarifies financial empowerment in enhancing sustainable farmer's potential in Thailand. A mixed-method study, which includes qualitative interviews and quantitative surveys with the participants’ data. Financial empowerment in enhancing sustainable farmers’ potential includes promoting safe production, increasing competitive potential, promoting product processing, promoting group formation and networks, sustainable resource and environmental management, and systematic accounting and financial management. These 5 factors affect systematic accounting and financial direct and indirect influences on the significance of enhancing sustainable farmers’ potential. The guidelines for enhancing a sustainable farmers’ potential such as product and service management that ensures production is certified to standards, marketing management that includes branding and packaging development, and financial and accounting management that creates an accounting system for cost analysis for efficient planning.