Study On Investment Performance Of Agricultural Comprehensive Exploitation Of Hubei Province

In 1980s, the rural reform of our country has spread all round, agricultural development also faced a series of new issues. The agricultural infrastructures of some regions have been broken down, the agricultural production conditions have begun to deteriorate and the cultivated land resources have decreased year by year. Among them, the most outstanding one is the fluctuation of food production has aggravated, which has threatened the strategy of food safety directly.In the light of theses conditions, since 1988 the state council has decided to set up the fund for agricultural development (after instead by the fund for the Agricultural Comprehensive Exploitation), the big scale Agricultural Comprehensive Exploitation has brought into effect throughout the country, through the transformation of middle-low yield field, the reclamation of arable badlands, he improvement of agricultural production conditions, the improvement of the integrated productive ability of the main agricultural products such as cereal, cotton, oil and etc., the enhancement of the developmental aftereffect of agriculture, in order to increase production of agriculture and increase the income of peasants. The Agricultural Comprehensive Exploitation is the important method which used to support the development of national agriculture, is the effective measure to consolidate and strengthen the agriculture foundation status and improve the agriculture synthesis productivity, is the important approach supporting agriculture to participate the international competition and advancing the agriculture modernization, is the new incentive for the production elements involving the agriculture production under the socialism marketing economic conditions.For 18 years, the Agricultural Comprehensive Exploitation advances fast in China, having obtained great achievements. But no scholars do empirical research on the performance of Agricultural Comprehensive Exploitation except some data statistics. This paper takes Hubei province for example, uses the theory and method of public finance, econometrics, Cobb-Douglas production function etc to discuss the investment of Agricultural Comprehensive Exploitation in Hubei province by an empirical point of view.This paper do an overall job on collecting historical materials on China and Hubei Agricultural Comprehensive Exploitation, especially on arranging the data of year 1989-2004, which supplies a reliable and detailed basis for the study. The paper can be divided into five chapters:The first part: Foreword. This part mainly discusses the significance of theory, and practice of this subject under the background of the operation and the development of agriculture and the research trends of the investment of agricultural comprehensive development of domestic academicians.The second part: the related concept of the comprehensive development of agriculture was defined, and the basic situation and the experienced phases of the comprehensive development of our country were described briefly. The crutched system of theory of agricultural comprehensive development was introduced from the two large aspects of agricultural investment and economic growth, the according as to the investment of Agricultural Comprehensive Exploitation by government.The third part: According to the collective data and written material, system analyzed the basic conditions of comprehensive development of agriculture, source of funds for investment of Agricultural Comprehensive Exploitation, investment structure and investment style of Hubei province, on the basis of these, the main problem of Agricultural Comprehensive Exploitation of Hubei province was put forward.The forth part: The theory of Cobb-Douglas production function and econometric analysis method are applied to the investment of agriculture comprehensive development of Hubei province, and the performance of Agricultural Comprehensive Exploitation was analyzed empirically from there aspects of total agriculture output value, income of peasants and industrial management of agriculture.The fifth part: According to the research of the third and forth part, the concluding of the performance of Agricultural Comprehensive Exploitation was derived, and some corresponding countermeasure and suggestions according to the input of capital investment, input structure, agricultural development and etc. are given.