Based On The Modern Agriculture, Studies On The Credit Instruments Innovation Of The Hunan Rural Credit Cooperatives

Agriculture is the source of human food and clothing, it’s the foundation of survival and the first condition of production. It is the basic industry of supporting the foundation of the national economic construction and development. The most famous economist Schultz put forward that, the economic growth of developing countries depend on the rapidly stable growth of agriculture, as the traditional agriculture does not have the ability to rapidly stable growth. It is the way to realize agricultural modernization is transforming traditional agriculture to modern agriculture. The central file No.1,2007,"Several opinions of developing modern agriculture actively and promoting the construction of new socialist countryside from the central committee of the communist party of China" the first formal put forward to develop modern agriculture, and pointed out that the primary task of building a new socialist countryside is the development of modern agriculture. In our country, Hunan is a big agriculture province. Its agricultural modernization plays an important role to achieve the goal of all the country’s agricultural modernization.Modern agriculture with high yield of accompanied by high risk at the same time, need high investment as the premise of its development. The development of modern agriculture cannot do without the effective support of credit funds. Rural credit cooperatives accounted for dominant position of rural financial market from the point of credit business. In our country the main products of rural credit cooperatives are small farmers credit, farmers group lending, mortgage and pledge loan types at present. Their common characteristic is the loan amount is small, the limit of loan time is short, the purpose of loan is single. It’s difficult to meet the needs of modern agricultural development. In order to alleviate and solve the problems of the lack of investment and the funds dispersed in the construction of modern agriculture, promote the development of the rural production, transform the mode of agricultural growth, it puts forward a new thinking direction of the innovation of rural credit cooperatives credit products. According to the characteristics of the modern agricultural development, Hunan rural credit cooperatives began to innovate credit products in recent years and achieved some results. But innovation is still not enough, because it can’t keep up with the pace of the Hunan credit for agricultural development. We should optimize existing credit products and innovative new credit products, to support the development of modern agriculture in Hunan province. This article firstly obtains from the analysis of the development of modern agriculture in Hunan, analyzes the characteristics and the demand for credit funds of the requirements in modern agricultural development in Hunan province. According to the characteristics of Hunan rural credit cooperatives credit existing product, it analyzes the adaptive of the existing credit products to requirements of development of modern agriculture of Hunan credit demand. It results that Hunan rural credit cooperatives need innovative. Secondly, it analyzes the obstacles of rural credit cooperatives in Hunan province credit products from internal and external factors. It results the revelation from the local rural credit cooperatives in Hunan province credit innovation of product innovation and effect. Finally it proposes the innovation direction, the countermeasures and suggestions to speed up the pace of innovation of Hunan rural credit cooperatives credit product.