Research On Demand And Influencing Factors Of Forest Right Mortgage Loan Based On The Perspective Of Farmers Research On Demand And Influencing Factors Of Forest Right Mortgage Loan Based On The Perspective Of Farmers

Forest right mortgage loan is an emerging business. After the reform of collective forest right system, it becomes yet another innovative financial system and is an important rural financing. However, currently the main targets for the forest right mortgage loan are still forestry enterprises and major foresters, which does not solve the needs of ordinary farmers fundamentally. And the actual needs of farmers for sustainable development role of forest right mortgage loan should not be overlooked. Therefore, we need to conduct in-depth research to study foresters’ demands and influencing factors. This fundamentally helps to solve the difficult problem of farmers’ loans, thereby promoting the development of forestry. It has important significances to deepen the reform of collective forest right system and promote the economic development of modern forestry.First, this paper describes the main issues in Sanming, Fujian, different forms of forestry operations, problems faced by farmers in forest management, status of forest right mortgage loan, five kinds of operation modes as well as the main results and problems, implementation of policies and systems related to forest right mortgage loan. Then, we studied the actual situations in Sanming, Fujian with interviews and questionnaires. We conducted descriptive analysis of sample households and family basic information, comparing differences between foresters who had lending or not, then analyzed the factors which affected foresters’ demand of forest right mortgage loan with the cross-analysis method. By the Logistic Model, we deeply studied determinants which could influence demand behaviors of foresters’ forest right mortgage loan, which mainly included the basic characteristics of personal and family, cognition of forest right mortgage. The result showed that education level and total household expenditure had positive effects on credit demand. And the householder age, family labor quantity and household income had negative effects on credit demand.Finally, according to the analysis of the actual loan demand and influence factors, we can put forward the following suggestions:we should improve the level of education of farmers, strengthen lending policy advocacy, raise awareness of farmers financing, reduce financing costs, strengthen forest right mortgage risk prevention and supervision, improve the assessment of forest right mortgage loan and transfer mechanism, promote the establishment of guarantees and insurance mechanisms, and establish the credit platform of forest right mortgage loan.