A Survey Of Financial Literacy,Borrowing Behavior And Farmers' Income

The key to the problem of "agriculture,rural areas and farmers" is the increase of farmers' income.This year and the next two years have been the decisive period for building a moderately prosperous society in an all-round way.To maintain the sustained growth of farmers' income is not only a hard indicator for winning the battle of poverty alleviation and building a moderately prosperous society in an all-round way,but also the most practical and direct response to the people's yearning for a better life.Borrowing plays an important role in the improvement of farmers' income and the further development of rural economy.Financial literacy can be regarded as a unique human capital,which directly determines the financial behavior of the family.With the development of economy,its role is more and more obvious.At present,most of the financial literacy related research results are based on the data of CHFS to conduct national research.Most of the research objects are ordinary consumers or urban families,and respectively discuss the impact of financial literacy on borrowing behavior and the impact of borrowing behavior on Farmers' income.In this context,the discussion of integrating the financial literacy,borrowing behavior and income of farmers into the same system will further enrich the relevant theories of financial literacy and borrowing behavior,and the conclusions drawn from the discussion will help farmers improve their financial literacy level,optimize their borrowing behavior,and maintain their income Growth.In view of this,this paper takes the farmers in Lulong County,Hebei Province as the survey object,through the way of household survey,to understand the financial literacy,borrowing behavior and income of farmers in Lulong County.First of all,the concept and measurement of financial literacy,the impact of financial literacy on borrowing behavior,and the impact of borrowing behavior on household income are reviewed.Then,it introduces the current situation of economic development in Lulong County,Hebei Province,analyzes the current situation of farmers' financial literacy,borrowing behavior and income,measures financial literacy by entropy method,and uses Tobit The model examines the impact of financial literacy on borrowing behavior,uses the OLS model to examine the impact of borrowing behavior on Farmers' income,and uses the intermediary effect model to examine the intermediary effect of the path of borrowing in the impact of financial literacy on Farmers' income level.The conclusion is that farmers' financial literacy has a significant positive impact on borrowing behavior,and farmers' borrowing behavior has a significant impact on their income level.At the same time,financial literacy influences the path of borrowing and borrowing in the income level of farmers,which plays a part of intermediary role.Finally,we find that there are problems of low financial literacy and weak financing ability,analyze the causes of the problems,and draw conclusions to provide suggestions.