Determinants of Income Growth Among Smallholder Cashew Farmers in Cambodia: The Mediating Role of Farm Performance
Keywords:
cashew nut, smallholder farmers, income growth, farm performanceAbstract
Purpose: The primary objective of this study is to examine the determinants of income growth among smallholder cashew farmers in Cambodia, with particular emphasis on the mediating role of farm performance. Specifically, the study aims to: (1) analyze the effects of farm characteristics, demographic attributes, external market conditions, financial access, and management practices on farm performance; (2) assess the direct impact of farm performance on income growth; and (3) test whether farm performance mediates the relationship between these five determinants and smallholder income.
Study Design: This research adopts a quantitative, cross-sectional survey design. The population consists of smallholder cashew farmers in Cambodia. A total of 250 farmers from Kampong Thom, Kratie, and Ratanakiri provinces were selected using multi-stage probability sampling. Primary data were collected through structured questionnaires. The data were analyzed using Multiple Regression Analysis (MRA) to test direct relationships and mediation analysis to examine the indirect effects of farm performance between the independent variables and income growth.
Findings: The results indicate that farm characteristics, financial access, external market conditions, demographic factors, and management practices significantly influence farm performance. Farm performance, in turn, has a positive and statistically significant effect on income growth among smallholder cashew farmers. Mediation analysis confirms that farm performance plays a critical mediating role, transmitting the effects of structural, financial, and managerial factors to household income. Among the determinants, financial access and management practices demonstrate the strongest influence on farm performance and subsequent income growth.
Value: The study strengthens the Sustainable Livelihoods Framework and offers a replicable model for analyzing smallholder systems. Practically, it highlights the need to expand financial access, enhance managerial training, and improve market infrastructure, providing guidance for policymakers and development partners seeking to advance Cambodia’s cashew sector toward greater value addition and sustainable rural development.
References
Ahmed, T., Faruque, Md. O., Uddin, A., Choudhury, Md. A. R., Hasan, Md. M., Paul, P. K., … Mondal, Md. F. (2025). Cashew (Anacardium occidentale L.) insect pests and their management: farmers’ knowledge and practices in Bangladesh. International Journal of Pest Management, 71(4), 606–619. https://doi.org/10.1080/09670874.2023.2266743
Anang, B. T., & Apedo, C. K. (2023). The influence of off-farm work on farm income among smallholder farm households in northern Ghana. Cogent Economics & Finance, 11(1), 2196861. https://doi.org/10.1080/23322039.2023.2196861
Asian Development Bank. (2022). Cambodia agriculture, natural resources, and rural development: Sector assessment, strategy and road map (Road map). Phnom Penh, Cambodia: Author. https://www.cd-center.org/wp-content/uploads/2022/10/Cambodia-Agriculture-Rural-development-roadmap.pdf
Azeez, K. K., & Olabanji, O. P. (2024). Cashew trees cultivation and management practices in Nigeria. Journal of Agricultural Research, Development, Extension and Technology, 6(1), 18–30. https://doi.org/10.5281/zenodo.15099126
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120. https://doi.org/10.1177/014920639101700108
Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173–1182. https://doi.org/10.1037/0022-3514.51.6.1173
Boansi, D. (2024). Impact of agricultural credit on productivity, cost and returns of smallholder farmers: Evidence from Ghana. International Journal of Agricultural Management, 13(1), 24-38. https://doi.org/10.1080/23322039.2024.2402035
Cambodia Agriculture Survey 2020 (CAS). (2020). Statistical release. Royal Government of Cambodia. https://nis.gov.kh/nis/Agriculture/CAS2020/Statistical%20Release%20CAS%202020_EN.pdf
Cambodian Institute for Research and Rural Development (CIRD). (2019). Cashew production, processing and commercialisation in Kampong Thom and Preah Vihear: Field assessment report (Report to HEKS/EPER). HEKS/EPER. https://idl-bnc-idrc.dspacedirect.org/bitstreams/32d4d390-8e18-41d5-9bdd-ef796a3c398c/download
Cashew Nut Association of Cambodia. (2024). CAC annual report for 2024. Cashew Nut Association of Cambodia. https://cac-camcashew.org/report/cac-annual-report-for-2024
Chaya, V., Poortinga, A., Nimol, K., Sokleap, S., Sophorn, M., Chhin, P., McMahon, A., Puzzi Nicolau, A., Tenneson, K., & Saah, D. (2024). Is Cambodia the world’s largest cashew producer?. https://arxiv.org/pdf/2405.16926
Claude, S. J., Ngigi, M. W., & Majiwa, E. (2025). Determinants of market participation and its effect on profit margins among smallholder wheat-producing farmers in Rwanda. Discover Agriculture, 3, 38. https://doi.org/10.1007/s44279-025-00184-w
Creswell, J. W., & Plano Clark, V. L. (2018). Designing and conducting mixed methods research (3rd ed.). SAGE Publications.
Dubbert, C. (2019). Participation in contract farming and farm performance: Insights from cashew farmers in Ghana. Agricultural Economics, 50(6), 749-763. https://doi.org/10.1111/agec.12522
Fermont, A. M., & Benson, T. (2011). Estimating yield of food crops grown by smallholder farmers: A review in the Uganda context. Food Policy, 36(6), 775–784. https://doi.org/10.1016/j.foodpol.2010.11.003
Food and Agriculture Organization of the United Nations (FAO). (2024). Cambodia — Investment case: Cashew. https://www.fao.org/hand-in-hand/previous-editions/hih-IF-2024/cambodia/en
Gomez, D., Fatty, L. K. M., Seember Pinga, E., & Gomez, M. (2022). An assessment of the marketing challenges faced by cashew farmers in Kombo South District of The Gambia. Asian Journal of Agricultural Extension, Economics & Sociology, 40(10), 1061–1072. https://doi.org/10.9734/ajaees/2022/v40i1031179
Green, S. B. (1991). How many subjects does it take to do a regression analysis?. Multivariate Behavioral Research, 26(3), 499–510. https://parsmodir.com/wp-content/uploads/2013/03/green1991.pdf
Ha, T. M., Boulom, S., Yang, F., Voe, P., Dao, C. D., Le, T. T. L., Dang, X. P., Hoang, T. T. H., Veu, T., Ngy, S., & Ha, A. D. (2023). Factors influencing farmers’ climate change adaptation in Southeast Asia: A comparative study from Vietnam, Laos, and Cambodia. APN Science Bulletin, 13(1), 40–49. https://www.apn-gcr.org/bulletin/wp-content/uploads/2023/04/04-CRRP2020-10SY-Ha.pdf
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2021). Partial least squares structural equation modeling (PLS-SEM) using SmartPLS 3 (3rd ed.). Springer. https://doi.org/10.1007/978-3-030-80519-7
Haryanto, T., Wardana, W. W., Jamil, I. R., Brintanti, A. R. D., & Ibrahim, K. H. (2023). Impact of credit access on farm performance. https://pmc.ncbi.nlm.nih.gov/articles/PMC10559011/
HEKS/EPER, Caritas Switzerland, & Swiss Agency for Development and Cooperation. (2022). Climate resilient agriculture assessment: Cambodia (Battambang, Banteay Meanchey, Oddar Meanchey, and Preah Vihear provinces). https://beamexchange.org/media/filer_public/52/cd/52cd86ed-7353-4387-8b9e-ebae8b9fb478/1858-climate_resilient_agriculture_assessment.pdf
IFAD. (2022). Report on IFAD’s development effectiveness 2022. https://webapps.ifad.org/members/ec/118/docs/EC-2022-118-W-P-4.pdf?utm_source=chatgpt.com
International Labour Organization (ILO). (2024). Diagnostic of informality in the Cambodian cashew nut industry. https://researchrepository.ilo.org/view/pdfCoverPage?download=true&filePid=13133888400002676&instCode=41ILO_INST
Kassie, M., Jaleta, M., Shiferaw, B., Mmbando, F., & Mekuria, M. (2015). Adoption of interrelated sustainable agricultural practices in smallholder systems: Evidence from rural Tanzania. World Development, 74, 277–293. https://doi.org/10.1016/j.worlddev.2015.06.008
Kline, R. B. (2011). Principles and practice of structural equation modeling (3rd ed.). Guilford Press.
Lukurugu, G. A., Mwalongo, S., Kuboja, N. M., Kidunda, B. R., Mzena, G., Feleke, S., Madeni, J. P., Masawe, P. A., & Kapinga, F. A. (2022). Determinants of adoption of enhanced cashew production technologies among smallholder farmers in Mtwara region, Tanzania. https://www.tandfonline.com/doi/pdf/10.1080/23311932.2022.2137058?utm_
Ministry of Agriculture, Forestry and Fisheries (MAFF). (2024). Key value chains for investment on agricultural. Royal Government of Cambodia. https://www.mfat.govt.nz/assets/Aid-Prog-docs/Evaluations/2024/MFAT-Cambodia-Agriculture-Review-Report_June-2024.pdf
Ritchie, H., Rosado, P., & Roser, M. (2022). Crop yields. Our World in Data. https://ourworldindata.org/crop-yields
Royal Government of Cambodia. (2023). Pentagonal Strategy-Phase I. https://www.mfaic.gov.kh/files/uploads/1XK1LW4MCTK9/EN%20PENTAGONAL%20STRATEGY%20-%20PHASE%20I.pdf
Saunders, M., Lewis, P., & Thornhill, A. (2023). Research methods for business students (9th ed.). Pearson.
Taber, K. S. (2018). The use of Cronbach’s alpha when developing and reporting research instruments in science education. Research in Science Education, 48(6), 1273–1296. https://doi.org/10.1007/s11165-016-9602-2
Tambo, J. A., & Wünscher, T. (2017). Enhancing resilience to climate shocks through farmer innovation: Evidence from northern Ghana. World Development, 94, 83–92. https://doi.org/10.1016/j.worlddev.2017.01.019
United Nations Development Programme (UNDP). (2021). Cambodia’s development finance assessment. UNDP Cambodia. https://www.undp.org/cambodia/publications/cambodias-development-finance-assessment
World Bank. (2023). Cambodia economic update: Accelerating structural reforms. https://www.worldbank.org/en/country/cambodia/publication/economic-update-november-2023
Yeboah, P. A., Guba, B. Y., & Derbile, E. K. (2023). Smallholder cashew production and household livelihoods in the transition zone of Ghana. https://rgsibg.onlinelibrary.wiley.com/doi/full/10.1002/geo2.120?utm_
Zant, W. (2024). Mobile phones and Mozambique farmers: Less asymmetric information and more trader competition?. World Development, 180(106574), 1-32. https://doi.org/10.1016/j.worlddev.2024.106574
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Siam University

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
ผู้เขียนบทความ และผู้นำส่งบทความ จะต้องเป็นผู้รับผิดชอบในเรื่องลิขสิทธิ์ตามที่กฎหมายบัญญัติไว้ทุกประการ ไม่ว่าจะเป็นในเรื่องของ สิทธิ์แห่งความเป็นเจ้าของบทความ สิทธิ์แห่งการได้มาซึ่งบทความ สิทธิ์ของการได้มาซึ่งข้อมูลที่ปรากฏอยู่ในบทความ สิทธิ์ของการใช้เครื่องมือเพื่อการประมวลผล หรือสิทธิ์อื่นใดอันเกี่ยวข้องกับบทความ วารสาร “วารสารบริหารธุรกิจ มหาวิทยาลัยสยาม เป็นผู้ซึ่งได้รับอนุญาตให้นำบทความออกเผยแพร่โดยสุจริตเท่านั้น สิทธิ์ทั้งปวงอันเกี่ยวข้องกับบทความยังเป็นของเจ้าของสิทธิ์อยู่ สิทธิ์นั้นไม่ได้ถูกถ่ายโอนมาเป็นของวารสารฯ แต่อย่างใด
ข้อความที่ปรากฏอยู่ในบทความนั้น ถือเป็นทัศนะอิสระของผู้เขียน โดยผู้เขียนแต่ละท่านให้การรับรองว่าบทความของตนมิได้ละเมิดลิขสิทธิ์อันเป็นของผู้อื่น วารสารฯ และ ผู้ทรงคุณวุฒิกลั่นกรองบทความ เป็นแต่เพียงผู้ให้ความเห็นเรื่องคุณภาพของเนื้อหา และความเหมาะสมของรูปแบบการนำเสนอเท่านั้น วารสารบริหารธุรกิจ มหาวิทยาลัยสยาม และ ผู้ทรงคุณวุฒิกลั่นกรองบทความ ไม่มีส่วนรับผิดชอบต่อข้อความใดๆ อันเกิดจากทัศนะ และสิทธิ์ในการตีพิมพ์และเผยแพร่ของผู้เขียน

Siam University Journal of Business Administration