Analysis of Awareness, Knowledge, Attitude, and Participation of UPLB Faculty on Agricultural Crowdfunding

Date

1-2024

Degree

Bachelor of Science in Agricultural Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Nora DM. Carambas

Committee Member

Julieta A. Delos Reyes, Ma. Angeles O. Catelo

Abstract

The general objective of this study was to analyze the awareness, knowledge, attitude, and participation of the UPLB Faculty on Agricultural Crowdfunding. Specifically, the study aimed to assess the awareness and knowledge level of UPLB Faculty regarding agricultural crowdfunding, determine the attitude of the UPLB Faculty toward agricultural crowdfunding, determine the participation of the UPLB Faculty in agricultural crowdfunding, analyze the factors affecting the participation of the UPLB Faculty in agricultural crowdfunding, and determine the problems experienced by the UPLB Faculty on participating in agricultural crowdfunding.

The study found that there is a low awareness among the UPLB faculty about agricultural crowdfunding and that they are not that knowledgeable about agricultural crowdfunding. There is also very low participation in agricultural crowdfunding among the UPLB faculty. However, there is a positive attitude towards agricultural crowdfunding when the UPLB faculty were presented with a short description of agricultural crowdfunding, indicating that information dissemination is very important. Moreover, the study found that only investment in bonds, mutual funds, and stocks has a significant negative influence while knowledge and attitude has a significant positive influence on the future participation of UPLB Faculty in agricultural crowdfunding, where attitude shows high significance. The researcher recommends that that simple seminars can be conducted by agricultural crowdfunding platforms in partnership with the university, and faculty members can be invited and be informed about the state of agricultural crowdfunding in the Philippines. To encourage the faculty members to participate, other than the fixed return in the investments, they can also give other incentive. For example, if the farm project was successful, they could give an exclusive reward like a small part of the produce, like a sack of rice, to the highest contributor for their contribution. Considering the existing problems of delayed returns on investment without updates, it is recommended that there should be warnings and penalties imposed for these type of actions from the concerned platforms so that the investors are also protected. As for difficulty in getting replies from the concerned platforms, there should be more people designated to the position who can regularly answer emails, calls, or texts.

Language

English

LC Subject

Awareness, Agriculture

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2024 A14 M35

Notes

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Document Type

Thesis

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