Impact of Farmer's Socioeconomic Characteristics and Technology Adoption on Agriculture Income: Evidence from Central Punjab, Pakistan

Abstract

The research examines the adoption of modern agricultural technologies, essential for policymakers and technology providers to evaluate existing initiatives and enhance dissemination strategies. The primary emphasis on the impact of socioeconomic characteristics and technology adoption on agriculture income is crucial for assessing economic outcomes, guiding efforts to improve farmers' well-being. Objective of the current study was to estimate the impact of socioeconomic characteristics of farmers and adoption of technology on their income and suggest policy measures. For estimation purposes, central Punjab was chosen, and data was collected. A well-organized questionnaire was distributed to 401 farmers in central Punjab. OLS technique was used for analysis to estimate the impact of independent variables on farmers' income. According to the results, adoption of advanced technology, awareness of technology, land holding, family size, and farmer education have a statistically significant impact on the dependent variable in the model. It is recommended to launch extensive awareness programs in collaboration with agricultural extension services to educate farmers on the advantages of advanced technologies, advocate for policies ensuring fair land access, recognize the role of family size in agriculture, and improve customized educational programs to empower farmers with ongoing learning and skill development, fostering a culture of innovation.