“Determinants of rural household saving participation: A case study of Libokemkem District, North-west Ethiopia”

Mazengiya, Melsew Nibret; Seraw, Girmachew; Melesse, Birhanu; Belete, Tesfaye

doi:10.1080/23322039.2022.2127219

Cited by 3 publications

(6 citation statements)

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“…This implies that as land acreage increases, farmers tend to save more money. However, a study by [17] in the same country reported that farmers with large portions of land had a 41% lower chance of saving. Based on the results from the two authors, there are conflicting results on how farm size influences farmers saving behavior, as one author reports a positive effect while another reports a negative effect of farm size on farmers' saving behavior.…”

Section: Determinants Of Saving Behaviourmentioning

confidence: 96%

“…Mazengiya et al [17] conducted a study in Ethiopia to assess the determinants of saving participation among smallholder farmers. However, their study relied on a relatively small sample size of 157, which may not provide a true representation of the population.…”

Section: Literature Gapsmentioning

confidence: 99%

“…However, such studies tend to produce varied results based on the methodological approaches applied, as well as the location of the study. Mazengiya et al [17] conducted a study in Ethiopia using a Binary Logit model to determine the factors affecting farmers' saving behavior. They reported that distance to markets had a positive effect on farmers' saving behavior.…”

Section: Determinants Of Saving Behaviourmentioning

confidence: 99%

“…The varied results on the determinants of saving behavior have called for more empirical region-based studies. For instance [17], argued that the effects of socioeconomic, institutional, and demographic factors on saving behavior vary across regions, calling for regional studies on the determinants of saving behavior. In Uganda, studies on the determinants of saving behavior are scarce.…”

Section: Determinants Of Saving Behaviourmentioning

confidence: 99%

“…Finally, the farmers' factors included farming experience, education level, marital status, gender, family size, and sub-county of residence. These three categories of determinants have the potential to either increase or reduce the level of savings among farmers [17,18,28,29]. There are three major saving platforms that can be utilized by farmers.…”

Section: Is Based On the Research Objective (Determinants Of Saving B...mentioning

confidence: 99%

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Assessing the determinants of saving behaviour: evidence from rural farming households in Central Uganda

Midamba,

Jjengo,

Ouko

2024

Discov Sustain

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Savings play a significant role in any country’s economic development. Notably, because farmers tend to have seasonal income from their farming activities, they also tend to be highly vulnerable to poor saving habbit than other occupations, such as those in formal jobs. However, farmers who save part of their income for subsequent production can purchase farm inputs in time as they wait for the onset of rain. Reportedly, there has been poor saving behavior among farmers in sub-Saharan Africa. Therefore, this study aims to determine the factors responsible for farmers’ saving behavior. Descriptive and econometric (binary logistic model) analyses were employed to achieve the objectives of the study. The results indicate that the majority of farmers saved on a monthly and weekly basis. The results of the binary logistic regression model analysis showed that age, marital status, gender, experience, group membership, distance to the markets and markets, farm income, and farmers’ sub-counties of residence had a significant influence on farmers’ saving behavior. From the results, policy measures to increase the rate of savings include the employment of more extension personnel to reach as many farmers as possible. Government and extension agents should target female and less experienced farmers through adult-based education programs because they are vulnerable to poor saving behavior. Farmers should join farmer—based groups and cooperative societies, in which saving information is disseminated. The government, non-governmental organizations and financial institutions should offer financial literacy training on savings to smallholder farmers.

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Section: Determinants Of Saving Behaviourmentioning

confidence: 96%

Section: Literature Gapsmentioning

confidence: 99%

Section: Determinants Of Saving Behaviourmentioning

confidence: 99%

Section: Determinants Of Saving Behaviourmentioning

confidence: 99%