Table 3. Logit regression results (Dependent variable = 1 if currently indebted, 0 otherwise).

VARIABLES	(1) Marginal Effects	(2) Odds Ratios	(3) Marginal Effects	(4) Odds Ratios
Age	0.015	1.088	0.008	1.044
	(0.014)	(0.088)	(0.011)	(0.062)
Age-squared	-0.000	0.999	-0.000	1.000
	(0.000)	(0.001)	(0.000)	(0.001)
Male	-0.144	0.416	-0.046	0.783
	(0.088)	(0.240)	(0.077)	(0.327)
Independent farmer (base)	0.000	1.000	0.000	1.000
Contract farmer	0.201**	2.911**	0.154**	2.144**
	(0.087)	(1.317)	(0.070)	(0.728)
Farm size	0.016***	1.098***	0.018***	1.099***
	(0.005)	(0.035)	(0.004)	(0.027)
No education (base)	0.000	1.000
Primary education	-0.141	0.435
	(0.122)	(0.327)
Secondary education	-0.123	0.482
	(0.117)	(0.345)
Family labour	0.107	1.810	0.123**	1.871**
	(0.074)	(0.721)	(0.060)	(0.566)
Recording expenses (base)	0.000	1.000	0.000	1.000
Not recording expenses	0.268***	4.065***	0.239***	3.222***
	(0.094)	(1.964)	(0.076)	(1.175)
Sometimes record expenses	0.123	1.879	0.055	1.301
	(0.099)	(0.949)	(0.083)	(0.515)
Primary occupation	0.000	1.000	0.000	1.000
Secondary occupation	0.003	1.020	-0.012	0.939
	(0.096)	(0.570)	(0.076)	(0.374)
Constant		0.027*		0.038**
		(0.054)		(0.052)
Observations	214	214	316	316
Pseudo R-squared		0.245		0.187
	Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.10

Source: Authors’ own calculations