Research On The Influence Of Supply Chain Financing Participation On Farmers’ Income

Under the correct leadership of the CPC Central Committee,after years of hard work,China’s "agriculture,rural areas and farmers" work has achieved remarkable results,and the battle against poverty has achieved comprehensive victory.However,China’s agricultural foundation is still not solid enough,the income gap between urban and rural residents is still large,and the development of urban and rural areas is not balanced.In this regard,developing rural industries and realizing agricultural modernization is an effective way and an important starting point to solve the problem.The development of rural industries is inseparable from the support of finance,but in the past,rural finance was often criticized for its inefficiency,and there were problems such as "elite capture".Therefore,in recent years,the Party Central Committee has been calling for vigorous innovation in rural finance.On the other hand,the development of rural industries must pay attention to allowing farmers to have sufficient participation and reasonable distribution of benefits,so the innovation of rural finance should also comply with these principles.As a result,agricultural supply chain financing has gradually received attention,and China has repeatedly encouraged agricultural supply chain financing from the policy level.However,the current level and effect of China’s agricultural supply chain financing projects are not satisfactory,and the scale of project development,risk prevention level,and formality are all lacking.The experience of other developing countries shows that the establishment of agricultural supply chain financing projects often requires the organization and assistance of government departments,and at the same time requires sufficient participation from the lender.In this context,it is urgent to conduct in-depth research on the financing mode of agricultural supply chain.In addition to revealing its operation mechanism,it is more important to prove its advantages in terms of benefits,especially the ability to improve the low profitability of agriculture.This will enhance the willingness of Chinese government departments and financial institutions to get involved,and promote the popularization and further development and optimization of agricultural supply chain financing in China.As a result,several core questions have surfaced and need to be answered urgently.First,can agricultural supply chain financing boost farmers’ income? If so,what is the total effect of boosting revenue?Second,is there a significant difference in the income-increasing effect of agricultural supply chain financing for different types of farmers? Third,what is the path mechanism for agricultural supply chain financing to affect farmers’ income? What’s the difference between the different modes? Fourth,can agricultural supply chain financing help farmers achieve common prosperity? This research focuses on the above-mentioned questions,and tries to make scientific and reasonable answers to the above-mentioned questions through the combination of theoretical analysis,empirical research and case analysis.Through theoretical analysis based on game theory and empirical analysis based on econometrics and statistical analysis methods,this paper draws the following main conclusions:(1)China’s agricultural supply chain financing has begun to take shape,but it is faced with many challenges.China’s agricultural supply chain financing project started late and has a relatively small scope.The income growth of Chinese farmers is now ushering in new opportunities,but also facing new challenges.At present,in China,the potential of agricultural supply chain financing is far from being developed,and the space for it to exert its power is still relatively limited for the time being.At present,the scope of agricultural supply chain financing projects is still small,and many projects are relatively policy-oriented,and the sustainability and endogenous development momentum are relatively insufficient.(2)Agricultural supply chain financing can significantly increase the income of farmers and is an effective catalyst for comprehensively promoting rural revitalization.Both theoretical analysis and empirical analysis have confirmed this point.At the micro level,based on the survey data of CRERFS2021,OLS,PSM and other methods are used for empirical analysis.The empirical analysis at the macro level uses Chinese provincial panel data.Considering the linear relationship and the threshold effect,the fixed effect SCC model,panel threshold effect regression and other methods are used for empirical research.(3)The agricultural supply chain financing of different models and different participants has significant differences in the promotion mechanism of farmers’ income increase.Based on the microscopic data CRERFS2021,this paper uses ZIP-GSEM,PLS-GSEM and other methods,and uses the system dynamics simulation method to verify this conclusion.(4)Agricultural supply chain financing is conducive to the common prosperity on income of farmers,which is in line with the essential requirements of socialism.This conclusion is verified by comprehensive econometric analysis method and statistical analysis method.In the econometric analysis,based on the case data,an empirical analysis is carried out using random effects model,quantile regression and other methods.In the statistical analysis,a total of 6 statistical indicators are constructed to measure the common prosperity of farmers,and then empirical analysis is carried out based on case data and CHFS data.The above conclusions have passed the robustness test and have good reliability and robustness.On the basis of the above research conclusions,this paper puts forward the following policy suggestions:(1)Speed up the development of rural industries and strengthen the construction of agricultural supply chain.(2)Adhere to the principle of market-oriented operation and enhance the endogenous development momentum of agricultural supply chain financing.(3)Optimizing the rural financial environment and providing favorable growth soil for agricultural supply chain financing.(4)Follow the principles of adapting measures to local conditions,fostering strengths and circumventing weaknesses,and scientifically operate agricultural supply chain financing projects.The innovations of this paper include: in terms of topic selection,it systematically explores the impact of agricultural supply chain financing on increasing farmers’ income,compares different modes of agricultural supply chain financing,and analyzes and compares the impact of agricultural supply chain financing on different types of farmers..In terms of theoretical analysis,combined with agricultural economics,information economics,Boschism,econometrics,system dynamics,computer science and other disciplines,the research method of interdisciplinary research is widely and comprehensively adopted,which is more rigorous than existing research.,systematic and complete.In terms of data and evidence,the main data on which the empirical analysis of this paper is based comes from the 2021 China Rural Economy and Rural Finance Survey(CRERFS2021).,the real situation of farmers.The macro analysis part relies on the Internet crawler technology to capture relevant data.Using this method to obtain relevant data of agricultural supply chain financing has certain innovative value.