Assessing the Relationship Between Financial Knowledge and Resilience Among Small-Scale Rice Farmers in Davao Oriental

Small-scale rice farmers had faced several problems that includes high production cost, unsustainable income, environmental challenges that affect the livelihood of the farmers. These obstacles make the financial knowledge become essential for helping the farmers manage their finances while coping with unexpected situation. This study aimed to examine the relationship of financial knowledge and resilience of the small-scale rice farmers. The study used a quantitative descriptive correlational design, with 360 respondents selected using stratified random sampling. The data were collected using a self-structured questionnaire and analyzed using mean, standard deviation and the Pearson product-moment correlation coefficient. The results showed that respondents had a high level of financial knowledge (m= 4.18) and were resilient (m = 4.17). A significant moderate positive correlation between financial knowledge and resilience was also discovered (r = .534, p = .000). This indicates that farmers who are more knowledgeable about financial matters are also more capable of coping with financial and farming problems. Consequently, the study found that financial knowledge is a significant factor in enhancing the financial resilience of small-scale rice farmers.

financial knowledge, rice farmer, resilience

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