The Evolving Role of CMAs in a Changing Agricultural Landscape
Keywords:
No Keywords.Abstract
The dynamic changes in the global environment, technology, and economy are causing a paradigm shift in the function of Cost Management Accountants (CMAs) in India's agriculture industry. In India, agriculture continues to be a vital industry, employing a sizable section of the workforce and making a major GDP contribution. But issues like climate change, resource scarcity, shifting market prices, and growing consumer demand for sustainable practices call for creative solutions.
With an emphasis on their contributions to financial management, risk mitigation, sustainability, and technological integration, this article explores the changing roles of CMAs in India's agriculture industry. Using case studies, government programs, and theoretical frameworks as a guide, the study investigates how CMAs are helping agribusinesses overcome these obstacles and maintain sustainable growth. This study sheds light on the crucial role CMAs will play in determining the direction of Indian agriculture by analyzing the relationship between financial knowledge, legal compliance, and agricultural innovation.
Downloads
Downloads
Published
How to Cite
Issue
Section
References
Government of India. (2023). Agricultural Statistics at a Glance 2023. Ministry of Agriculture and Farmers Welfare.https://desagri.gov.in/document-report-category/agriculture-statistics-at-a-glance/ Retrieved on 2nd January 2025
Goyal, S. K., Rai, J. P., & Singh, S. R. (2016). Indian agriculture and farmers–problems and reforms. Indian Agriculture and Farmers, 246(2019), 79-87.
https://www.ifac.org/knowledge-gateway/professional-accountancy-organization-development-paod/publications/equipping-professional-accountants-sustainability#:~:text=It%20speaks%20to%20the%20vital,able%20to%20meet%20society’s%20needs. Retrieved on 2nd January 2025
Kalamkar, S. S., Ahir, K., & Bhaiya, S. R. (2019). Electronic National Agricultural Market (eNAM) in Gujarat: Review of Performance and Prospects. AERC Report, 177.
Keiichiro, H., Otsuki, T., & Wilson, J. S. (2015). Food safety standards and international trade: the impact on developing countries’ export performance. Food safety, market organization, trade and development, 151-166.
Kumar, R. K., Senthamizhkumaran, V. R., Alagendran, S., Chitra, M., Kumar, K. R., Tyagi, T., & Tyagi, A. (2024). Advances in Agricultural Biotechnology: Enhancing Productivity and Sustainability in India: A Review. J Sci Res Rep, 30(7), 366-383.
Menon, S., & Jain, K. (2021). Blockchain technology for transparency in agri-food supply chain: Use cases, limitations, and future directions. IEEE Transactions on Engineering Management, 71, 106-120.
Rao, E. P., Rakesh, V., & Ramesh, K. V. (2021). Big Data analytics and Artificial Intelligence methods for decision making in agriculture. Indian J. Agron, 66, 279-287.
Sharma, R. (2022). Industry 4.0 technologies in agri-food supply chains: Key performance indicators. In Agri-Food 4.0 (Vol. 27, pp. 179-187). Emerald Publishing Limited.
Shirsath, P. B., Saini, S., Durga, N., Senoner, D., Ghose, N., Verma, S., & Sikka, A. K. (2020). Compendium on solar powered irrigation systems in India.
Singh, S. (2019). Examining global competitiveness of Indian agribusiness in the twenty-first-century Asian context: Opportunities and challenges. Millennial Asia, 10(3), 299-321