What question did this study set out to answer?

To examine the impact of financial literacy on the financial performance of rice farmers in Indonesia.

December 9, 2025Cogent Food & AgricultureOpen Access

Financial literacy and financial performance of rice farmers in East Java, Indonesia: a two step predictor substitution approach

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To examine the impact of financial literacy on the financial performance of rice farmers in Indonesia.
Data collected through structured questionnaire survey involving 405 farmers
Used two-stage residual inclusion and ordinary least squares methods to analyze data
Applied Tobit regression to identify determinants of financial literacy
Financial literacy is positively influenced by education and participation in training
Availability of subsidies and proximity to financial institutions also enhance financial literacy
Household size has a negative impact on financial literacy
Increased financial literacy significantly improves farmers' financial performance

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Implication

The analysis demonstrates that improved financial literacy enhances financial performance in Indonesian rice farmers, indicating a need for targeted programs.

Cite This Study

Chung et al. (2025) studied this question.

synapsesocial.com/papers/69401d622d562116f28f8f96 https://doi.org/10.1080/23311932.2025.2598724

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Implication

The analysis demonstrates that improved financial literacy enhances financial performance in Indonesian rice farmers, indicating a need for targeted programs.

Financial literacy and financial performance of rice farmers in East Java, Indonesia: a two step predictor substitution approach

Key Points

Discussion

Implication

Cite This Study

Financial literacy and financial performance of rice farmers in East Java, Indonesia: a two step predictor substitution approach

Key Points

Discussion

Implication

Cite This Study

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