How does the level of financial literacy among farmers vary across different countries and regions?
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The level of financial literacy among farmers varies significantly across different countries and regions. Studies in South Asian economies revealed that Bangladeshi farmers exhibited greater financial literacy compared to Indian and Pakistani farmers . In India, the majority of farmers were found to be financially illiterate, with significant regional variations in financial literacy levels . In Pakistan, factors such as age, education level, distance to cities, and ownership of bank accounts influenced farmers' financial literacy and access to credit services . Similarly, in Ghana, a study on tomato farmers highlighted a lack of interest in financial literacy among rural households, attributed to low education levels and income diversification practices . These findings underscore the importance of tailored financial education programs to enhance farmers' financial literacy globally.
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12 Oct 2022 | The study evaluates financial literacy among 562 tomato farmers in Ghana, highlighting poor interest due to low education levels. Variations across countries and regions are not addressed in the paper. |
| Financial literacy among farmers varies across countries and regions due to factors like age, education, income, and access to financial services, impacting their ability to manage finances effectively. | |
| Financial literacy among farmers varies, with Bangladeshi farmers showing moderate levels, while Pakistani and Indian farmers exhibit poorer financial literacy levels, influenced by factors like farm ownership and education. |
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