Journal of Contemporary Issues in Business and Government

Abstract

This research looked into the link between organic farmers' financial capabilities and their
financial well-being in Kerala.The study used a primary dataset with a sample of 425 organic
farmers in Wayanad, Idukki and Kottayam districts of Kerala. A structured questionnaire was
created with a 5-point Likert scale to collect the data. Analysis was done with the structural
equation modeling approach (SEM) using SPSS-AMOS). The findings reveal a strong link
between financial capabilities and organic farmers' financial well-being. In addition, we
investigate the impact of farmers' socioeconomic characteristics on their financial capability
and financial well-being.The results confirmed that socio-economic factors such as gender,
age, education, marital status, religion, years of experience influence financial capability. At
the same time, annual income, the nature of the family, and the nature of land don't influence
financial capability. Gender, age of the farmer, educational qualifications, and years of
experience are all socioeconomic characteristics that influence financial well-being. On the
other hand, marital status and religion have no bearing on financial well-being. It should also
be mentioned that annual income, family structure, and land type have little bearing on
financial capabilities and financial well-being.The study suggests that Self- help groups and
Kudumbasree can conduct the training program to improve the financial capability of organic
farmers in Kerala, especially women. To develop the financial capability and financial wellbeing
of less experienced farmers, training programs can be started at the earlier stages of
farming.