Empirical Analysis On The Influencing Factors Of The Farmer’s Willingness On The Rural Property Mortgage In Yangling

Over the years, financial services has been the restricting weak link in China’s ruraldevelopment. On one hand, a large number of rural financial needs can not be effectively met,due to the underdevelopment credit markets of rural erea and farmers have no collateral orcollateral, the loans for farmers and agriculture-related enterprises provides by formalfinancial institutions is far from enough; on the other hand, each year a large number of ruralfunds escape the financial market system in rural areas through various channels. The seriousshortage of supply of rural financial situation and the own particularity characteristicsfinancial markets in rural areas determine the need to increase the effective supply of ruralfinancial markets change financial institutions, to improve the agriculture-related marketcredit crunch and fear of credit situation and to meet the "three rural" development on thecapital needs, rural property rights reform and innovation is regarded as an effective solutionto this problem. In December2009, the Yangling Demonstration Zone as rural financialreform pilot demonstration area, began to explore innovative pilot rural property mortgagefinancing, Yangling innovates boldly in the rural property mortgage financing and continuesto revitalize the rural assets, the cumulative payment of the mortgage loan amount hasexceeded40million, boosting the development of modern agriculture in Yangling, Yanglingrural financial reform and innovation caused attention and recognition of the State BankingRegulatory Commission and other senior leaders. Rural property mortgage financing trial hasenhanced the efficiency of Yangling Demonstration Zone of rural financial services, butsubject to various factors, there are also some problems.The first part of the thesis introduces the background and significance of rural propertymortgage financing, the content of this study were defined, systematically expounded therural property rights mortgage in china and abroad, the research methods, the technical routeand data sources and possible innovation point are introduced in the last. The second part of the thesis uses the theory of institutional change, the theory ofproperty rights in rural areas, farmers credit Theoretical Analysis to analysis China’s ruralproperty mortgage market and the rural financial market situation.The third part of the thesis describes the Yangling rural property mortgage financingbusiness development include housing mortgage, land management rights mortgage,biological assets mortgage, agricultural facilities mortgage and intellectual property pledge,there are five types and seven feature various types, the loans are in the form of under theguidance of the district government could usefully be made within the scope of the lawpractice, this part also explained the district government support policies and the of fivequestions.The fourth part of the thesis through research data, select the sample, loans to farmersdescribed, and factors that may affect the willingness of households were compared andanalyzed.The fifth part of this thesis uses econometric methods, chosing factors that may have animpact on farmers mortgages willingness, uses the introduction of the logistic model andYangling field research data, at last this part makes a empirical analysis of Yangling farmers’property mortgage financing affect factors.The sixth part of this thesis offers a proposal of the Yangling rural property mortgagefinancing policy recommendations based on the results of the analyzes, and models toimprove.The main conclusions of this paper:(1)Yangling property rights secured financingactivities have same problems: lag related support policies, property value assessmentapproach is not clear, collateral logistics transfer channel is not smooth, risk mechanismneeds improvement and rural credit environment is not well.(2) Rural property mortgagefinancing model eases the farmers’ Difficult loans situation.(3) Farmers willingness toparticipate in the reform of property rights is high, the use of the loans is multiple, farmers’expect the loan amount is2to4million, expected loan period is1-3years.(4)Sex, familymembers, land area, per capita income, understanding on mortgage, credit cooperativesservice satisfaction and education have a positive significant impact on the farmers’ mortgagewillingness.(5)Different factors have orders of importance to influnce the the farmers’willingness in rural property mortgage.To further optimize the rural property rights secured financing mode, according to theconclusions of Yangling rural property rights secured mode research and model analysis, thisessay puts forward following policy recommendations:(1) Expansion can be secured by thecoverage of rural property rights, foster subjects of mortgage financing needs.(2) Establish credit rating system, enhance the ability of financial support for agriculture.(3) Rationalizethe level of interest rates and interest rate period.(4)Improve the transparency of thefinancing, to avoid loans because of ralated people.(5)Accelerate the construction of ruralproperty rights system.(6)Perfect property rights and assessment mechanism;(7)Step uppublicity efforts to deepen the reform of rural property rights.(8)Perfect rural propertymortgage financing laws and regulations and support measures.