Research Article

Measuring the Financial Literacy of Farmers Food Crops in the Poor Area of Madura, Indonesia

Wahyu Santoso
University of Pembangunan Nasional “Veteran”, Indonesia
* Corresponding author
Kiky Asmara
University of Pembangunan Nasional “Veteran”, Indonesia
Zainal Abidin
University of Pembangunan Nasional “Veteran”, Indonesia
DOI icon 10.24018/ejfood.2020.2.6.138

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Submitted 2020-10-21
Published 2020-12-14

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Table of Contents

Article Main Content

An effort to encourage increased food productivity is directly proportional to the limited access of farmers on capital financing resources. The purpose of the research is to describe the financial literacy rate of farmers in Madura. The data analysis method uses a descriptive (qualitative) analysis and a different test (T-Test) with IBM SPSS. 23 Software support. The results of the research obtained that food farmers in Sampang and Bangkalan districts have a relatively moderate financial knowledge with all its limitations. Their understanding is sufficient about the knowledge principle of bank interest calculation, the time value of money, the general rules of the bank, the definition of inflation, risk and profit received. However, financial behavior and attitudes are categorized less. The difference of the principal of Madura food farmers in both research areas namely Sampang Regency and Bangkalan District is located on the component of the Financial Knowledge Index.

Keywords: Farmers, food crops, poverty, and financial literacy

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