Research On Innovation Of Investment And Financing System Of The Pig Industry In ZiYang City

The pig industry of ZiYang city develops quickly and become one of the three major livestock cities of SiChuan Province. The development of pig industry needs the support of all aspects, the key issue is funding support, mainly include financial investment and financial funding. The ZiYang city is actively exploring new diversified models as important guarantee for the development of modern agriculture。About the investment system, ZiYang city has innovated investment platform, set up the guarantee companies to ease the security bottlenecks. Regarding the financial system, based on the according the need of enterprises, cooperatives and farmers, the rural financial institutions have researched and developed a variety of financial products and services to meet their financing needs. In addition, the ZiYang city also explored the "six-party cooperation" system, which combined financial with monetary as a new mechanism. In this article, we choose Yanjiang District of ZiYang city, Jianyang city and AnYue County to randomly select the subjects focusing on the farmers, pig cooperation and enterprise, on the feedback of the financial funding and investment status. We applied Logistic model to analyze what factors are affecting if the farmers could have the financial funding support or not. We hope this will lay the foundation for further innovative way for investing in Ziyang city.First, this paper put the relevant economic theory and pertinent literature about investment and financing system of agriculture, then categorizes the current development status of pig industry of ZiYang city, including the main party and composition of investment and financing, and point out the problem of pig industry is insufficient capital. Second, this paper analyzes the innovative practices in the investment system of ZiYang city, the operation mode and effects of the Ziyang City Credit Guarantee Corporation Ltd., calculate its magnification coefficient of guarantee as 7.36 which higher than the national average but lower than the international level, and need to steadily expand the magnification; according to the survey data. This paper conducts an empirical analysis to innovative activities of rural financial institutions, and brings out the coverage rate of farmer's loan is 58.57% by the formal rural financial institutions, the proportion of farmers loans is higher, but the main varieties is micro-credit, the awareness of other innovative products is not high enough which need more publicity and continue to research the product and service for pig industry. The final, about "six-party cooperation" system, this paper confirms its advantage and role. However, this paper also considers the mechanism having problem in publicity and promotion. Beside, according to the results of the analysis of factors of loan, the results shows that the choice of financing,the type of loan,participation in the cooperative and the "six-party cooperation" significantly affected the loan application of farmers, also shows that this innovation of investment and financing system in ZiYang city increase the probability of loan application of farmers and make them get more financial services.