Digital Inclusive Finance,Agricultural Mechanization And Farmers’ Income Growth

The "Opinions on Doing a Good Job in the Key Work of Comprehensively Promoting Rural Revitalization in 2023" issued by the Central Committee of the Communist Party of China and the State Council highlights the importance of agricultural development,agricultural modernization,and high-quality industrial development for rural revitalization and farmers’ income growth.The realization of the goal of rural revitalization needs to be based on modern agriculture.Mechanised agriculture can provide an important driving force for rural revitalization and modern agricultural development,and it is also the most effective way to improve farmers’ labor efficiency and reduce farmers’ labor time and cost.Digital Financial inclusion uses Big data and financial technology to popularize financial services to the production and life of rural residents,so that farmers can effectively improve the mechanization level of agricultural production through financial services and achieve further growth of farmers’ income.Based on this research background,this paper Systematic review the relevant literature on digital Financial inclusion,Mechanised agriculture and farmers’ income growth,summarizes the research content,research purpose,research methods and design routes,selects digital Financial inclusion as the core explanatory variable,Mechanised agriculture as the intermediary variable,and farmers’ income as the explanatory variable.Taking 289 Prefecture-level city across the country as the research objects,this paper selects data from 2014 to 2020,Analyze the development level of digital Financial inclusion,as well as Mechanised agriculture and farmers’ income level,and then study the role and impact of digital Financial inclusion on Mechanised agriculture and farmers’ income growth.On this basis,conduct Mesomeric effect analysis and regional heterogeneity analysis.Through theoretical analysis and empirical research,this paper finds that the development of digital Financial inclusion can directly promote the growth of farmers’ income,and can also indirectly promote the growth of farmers’ income by promoting the level of Mechanised agriculture,and the significance of the direct effect is higher than the indirect effect;At the same time,the effect of digital Financial inclusion on farmers’ income growth is different in different regions.The study finds that the effect of digital Financial inclusion on farmers’ income growth is most significant in eastern China,followed by central China,and the effect is weakest in western China.Finally,this article analyzes the possible reasons for the above research results,and proposes relevant countermeasures and suggestions,providing practical reference for achieving rural revitalization and increasing farmers’ income in various regions of China.