A Critical Review of Opportunity Recognition in Agriculture

Abstract
Although agriculture is the main driving force in rural economy, industry has
superseded in the third world countries. However, unemployment rate in
agriculture in one hand and the role of entrepreneurship in economic development
in other hand has highlighted the importance of agricultural entrepreneurship. In
particular, opportunity recognition has been the focus of entrepreneurship research
but little attention has been paid to the "why" and "how" of entrepreneurship
recognition in the context of agriculture. A review of research in entrepreneurship
opportunity indicates that there are conflicting and yet contradictory perspectives in
both the theory and definitions. Therefore, the purpose of this critical review is to
shed light on opportunity recognition models and perspectives. This critical review
would help to present opportunity recognition in agricultural context. The result of
this study has implications for entrepreneurial opportunity recognition in
agriculture.