Peasant Households’ Property Rights Mortgage Loan Demand And Credit Constraints Analysis

Funds in farmers and agricultural development plays an important role, but for a long time, in our country countryside, peasant household loans have not been fundamentally solved difficult problem, and, with the development of a variety of forms of agricultural management and expansion of the scale of peasant household credit constraints problem further.Refers to the formal financial institutions through the national examination and approval of relevant departments, at the same time it during normal operation, there is the government legal policy and related laws and regulations of the constraints, regulatory supervision of financial institutions(Guo Pei 2004).In China’s rural formal financial institutions is the most widely coverage of rural credit cooperatives, but in real life, farmers want from relying mainly on credit cooperatives from the formal financial institutions to obtain funding is not an easy thing.On the one hand, because the quantity of farmer credit demand less, cycle is short, less profit, disputes more characteristics, make its not easy to formal financial institutions lending standards.Normality of the financial sector is the purpose of the pursuit of the maximization of profit, to this part of the peasant household loans, low earnings, bear the high risk of default, on the formal financial sector to farmers loan approval and issuing of stricter;Due to the uncertain income of agricultural production, on the other hand, a single small farmer economy reimbursement ability is insufficient, or because of the high transaction cost factors farmers estimate oneself cannot get a loan and take the initiative to give up the opportunity to apply for loans from formal financial institutions.To alleviate farmers from the formal financial institutions, the difficulty of loan, the pilot work on the rural property rights mortgage loan financing.So, after the rural property rights mortgage loan financing policy, farmers facing credit constraints?And what are the factors in influencing the farmer credit demand?In order to solve the above problem, yangling of shaanxi province by field visits to the local rural areas, random sample of 400 q stamps, research property rights mortgage loan financing, yangling district farmer credit demand and credit constraints.The article is divided into five chapters:The first chapter is the introduction of the article.Mainly include the research background, purpose and significance, the research thought, technical route, research method and research content, possible innovation and deficiency in the article.The second chapter is the theory part of the article.Define the farmer credit demand, farmers credit constraints, and property rights mortgage loan financing policy and other related concepts, summarizes the theoretical analysis of farmers’ credit constraints and property mortgage policy, literature review at home and abroad.The third chapter for the peasant households in yangling of shaanxi province property mortgage requirements and constraints.Including the source of the sample data, individual peasant household characteristics, demand for credit status and identify farmers in different types of credit constraints.Understanding of yangling area farmer credit demand present situation, the types and characteristics of credit constraints, found in the implementation of property rights under the mortgage loan policy of farmers to apply for a loan credit satisfaction is larger, by GongGeiXing credit constraints(including full amount and part constraints) lighter;But there are still a lot of farmers due to its own conditions to give up the opportunity to apply for loans from formal financial institutions, namely the farmers XuQiuXing more severe credit constraints.The fourth chapter is empirical research part of the article.Mainly using Heckman model in yangling demonstration zone in shaanxi province farmers normality financial institutions credit constraints of the specific reasons for analysis.The property rights mortgage loan financing first study of peasant households in yangling demonstration zone of shaanxi province after the credit constraints, what are the reasons for concrete, direction and degree of the influence of each factor;Second estimate each peasant households in yangling demonstration zone of shaanxi province real want to obtain loans and the gap between the amount actually get a loan, the gap of peasant household credit constraints, to evaluate the effect of property mortgages in the sample area.The fifth chapter is the conclusion and the suggestion.Based on the research of the sample area, summary about property rights under the mortgage status and reasons of the farmer credit demand and constraints.And draw the conclusion: the income of peasant household credit gap vary, which by the credit constraints, embodied in credit gap is larger as the farmers income decreases.That property mortgage policy can to a certain extent, have the effect of ease of peasant household credit constraints, but in the demand for low income of peasant household credit support have limitations.To solve these problems from the propaganda property mortgage loan policy, perfecting rural formal and informal financial system construction, improve the financial credit system four aspects put forward relevant countermeasures and Suggestions.