Agricultural Science And Technology Finance Theoretical Framework Construction

Reform and opening up30years, continue to strengthen the foundation ofagriculture in the national economy, the depth and breadth of the expansion ofagricultural science and technology to promote the farmers to increase the contribution ofscience and technology is getting higher and higher, but the planned economic systemcreated by the urban-rural dual economic structure Up to now there is no fundamentalbreak the status of agriculture as the basic industry of the national economy is still weak,"three rural" issue is still one of China’s strategic level is related to the modernization ofthe overall success or failure of the main problems. Science and technology are primaryproductive forces, raise the level of agricultural labor productivity at any time can not beseparated from the support of scientific and technological innovation.2012CentralDocument No.1clearly pointed out that the agricultural science and technologyinnovation is the driving force of the development of modern agriculture to lead thesupport. Agricultural science and technology innovation, the modern transformation oftraditional agriculture under market economy conditions can not do without financialsupport."The purpose of the global industrial revolution, and each time the rise of theindustrial revolution are all derived from scientific and technological innovation, as infinancial innovation, technological innovation and financial innovation is closelyintegrated is an important engine of social change mode of production and way of life."Agriculture industry characteristics determine the absence of fully market-orientedoperation of agricultural science and technology R&D investment entity, resulting in along time, China’s agricultural science and technology innovation funding is mainlyborne by the Government and other social capital include normal commercial creditactivities, venture capital participationis very low. Such a single government-led fundingsystem, not only led to a lack of funds of agricultural science and technology innovation,but also due to the lack of effective market discipline mechanism and the results of thetransformation mechanism, resulting in a low conversion rate of agricultural scientificresearch. The existing data show that China each year about the advent of6000a numberof agricultural scientific and technological achievements, but able to achieve conversionof about30%to40%, far lower than developed countries,70%to80%conversion rate. While the developed countries have been able to get such a high conversion rate foragricultural scientific and technological achievements, an important contributing factor isthe money into the large-scale channel diversification. Financial work of China’s scienceand technology is developing rapidly, technology loans, venture capital, investmentguarantee continuous development and improvement, to broaden the financing channelsfor science and technology enterprises, to break the bottleneck of funds. The success ofthese work experience for agricultural science and technology enterprises, and thereforethe development of agricultural science and technology and financial requirements. Webuild the system of agricultural science and technology and financial theory to provide atheoretical basis for the future work of agricultural science and technology and financialpractice.The main contents include:(1) Define the concept of agricultural science and technology finance. Agriculturalscience and technology and finance agricultural science and technology-based, marketdemand-oriented, to solve the problem of financing of agricultural science andtechnology, relying on scientific and technological innovation and financial innovation,financial instruments, the financial system, monetary policy and financial services tosupport agricultural science and technology innovative R&D, incubation of agriculturalscience and technology innovation, service and supervision of agricultural science andtechnology innovation process a series of financial work. Agricultural science andtechnology and finance to promote the transformation of agricultural scientific andtechnological achievements, the innovation of agricultural science and technologyenterprises, to promote agricultural high-tech industrialization, and ultimately to improvethe agricultural economic development objectives.(2) The course of development of agricultural science and technology and financialcomb. Development of agricultural science and technology and financial process isdivided into the prototype stage of financial development of agricultural science andtechnology, agricultural science and technology and financial bedding stage, agriculturalscience and technology, financial and other official on the stage of history stage.(3) To construct a theory of agricultural science and technology and financial system.The main contents include the need to build the theoretical system of agricultural scienceand technology and financial research, feasibility studies, guiding principles and theprinciple of build, build, build the logical starting point for the theoretical system ofchoice as well as agricultural science and technology, finance theory system build path.(4) Reveal the contents of the financial nature of agricultural science and technology,the main function, structure and objectives. And innovative use of the principle of theDNA double helix to explain the theory of agricultural science and technology finance.(5)) The contents of agricultural science and technology and financial analysis. In this paper, the agricultural science and technology financial system is divided into thefinancial financing system of agricultural science and technology, agricultural scienceand technology and financial support service system, and agricultural science andtechnology financial policy and legal environment. The financing of agricultural scienceand technology and financial system, including venture capital, multi-level capital market,banks draw on financing and government support; financial policy of agricultural scienceand technology service system and intermediary service institutions, science andtechnology credit system and credit guarantee system; agricultural science andtechnology and financial policy and legal environment, including the policy environment,legal environment and market environment.