The Impact of Digital Finance on Large-Scale Farmers'New Technology Adoption
The popularization of new agricultural technology is of great significance to improve agricultural production efficiency and promote sustainable agricultural development Taking the new technology of apple cultivation as an example,this paper analyzes the impact of digital finance on the adoption of new technology by large-scale farmers,by using the micro-data of 414 large-scale farmers in the main apple production areas of Shanxi Province for empirical tests.The results show that digital finance plays a significant role in promoting the adoption of new technology by large-scale farmers.Viewing from the type of technology,digital finance mainly promotes the adoption of new varieties and corresponding cultivation techniques,as well as new flower and fruit management techniques.Although the scale threshold effect is not yet evident,the analysis based on different planting scales shows that the impact of digital finance on the adoption of new technology by large-scale farmers is the greatest for the medium-scale group.The impact of digital finance on the adoption of new technology by large-scale farmers in different stages of the family life cycle is different.The mechanism analysis shows that digital finance mainly affects the adoption of new technology by large-scale farmers through alleviating credit constraints,reducing risk shocks,and promoting market participation.In addition,the mediating effect varies in different planting scales,different stages of family life cycle,and different technology types.
Digital FinanceAdoption of New TechnologyFamily Life CycleLarge-Scale Farmers