Research On The Financing Of Agriculture From The Perspective Of Value Chain

The construction of socialistic new rural area is a major historic task in the course of our country’s modernization. The development of agriculture, the progress of rural area and the increasing on farmer’s income are vital to the process of building a well-off society in an all-round way. Efficient agricultural financing system plays a key role in supporting the development of agriculture and rural economy. However, the long-standing problems in our agricultural financing system have been a stumbling block in building new rural area. A series of profound problems in the present system, such as the financing problems of agriculture, low efficiency in fund allocation, and imperfection of market running mechanism have not yet been thoroughly resolved during the long years of reform. In order to improve the development of rural economy, the reconstruction of a sustainable agricultural financing service system is pivotal in the building of socialistic new rural area.The opening chapter of this thesis introduces the research background and its significance, and summarizes the problems in the agricultural financing system. The author thinks that the present agricultural financing system cannot deal with the problems occurring in the process of financing. The second chapter introduces the theory of value chain financing, and probes into the question of agricultural financing from the perspective of agricultural value chain. Critics in our country have long neglected the fundamental issue of "rural finance". The ambiguity of this concept has weakened the power of theory and its practice. Therefore, it is highly necessary to re-define and expand the concept of "rural finance", that is, the activity of fund circulation among participants in the value chain. The third and the forth chapter respectively discuss the characteristics and advantages of agricultural financing from the internal and external factors of agricultural value chain, and the problems of the value chain and the financing system. It explores the general rule of agricultural financing from the perspective of value chain of agricultural products, upon which inner and outer factors a binary theory of rural finance is framed. The final chapter puts forward some suggestions from the point of agricultural value chain, after analyzing successful experiments in agricultural financing in quintessential countries.In a nutshell, the author believes the solution of the existing agricultural financing problems should be carried out from the perspective of internal and external participants of the agricultural value chain as the core center. It is an efficient way to reconstruct a sustainable agricultural service system helpful for the development of rural area and its economy, and further realize our country’s great mission of constructing the socialistic new rural area.