Exchange Rate Shocks and Entrepreneurial Resilience in Agrifood Value Chains

Agrifood value chains operate in an increasingly turbulent global environment where exchange rate volatility interacts with climate shocks, input price surges, and geopolitical disruptions. Although agricultural trade is highly sensitive to currency movements, the implications of exchange rate shocks for entrepreneurs embedded in agrifood chains remain insufficiently examined. This chapter analyses how currency fluctuations affect costs, revenues, competitiveness, and strategic decision-making across farming, processing, and distribution activities. It highlights the uneven exposure of firms, especially small and medium-sized enterprises that rely on imported inputs and possess limited financial and organisational buffers. By integrating insights from exchange-rate economics, value-chain resilience, and entrepreneurship research, the chapter develops a conceptual understanding of how agrifood entrepreneurs sense, absorb, and adapt to exchange-rate-induced disruptions. The analysis identifies key gaps in current scholarship and outlines future research opportunities.