The Loan Dilemma Of Farmer’s Professional Cooperatives And Its Mode Choice: Based On Survey In Guanzhong, Shaanxi

With the continuous development of China’s farmer cooperatives, its reliance on formalfinancial cooperatives continues to deepen, so that whether cooperatives can get a loan hasbecoming a major bottleneck which restricts the development of cooperatives. Co-financingis an objective requirement of vertical integration of its business. After the promulgation ofthe law on cooperatives,farmers specialized develop cooperative rapidly,expand rapidly.Especially with the help of the government, the development of cooperatives has entered thefast lane. Referring developed cooperative mode, our professional farmers cooperative mustachieve vertical integration in order to mitigate fluctuations in market operations, ensure thatthe income of farmer cooperatives, and the development of vertical integration which canexplore the depth of the market value of agricultural products, improve agriculturalcompetitiveness.With Our farmer cooperatives developing and growing, our agriculture whichaims achieving the goal of industrial scale, technology and modernization " must haveadequate financial support. Thus, financing is an objective requirement of the present stage ofdevelopment of farmers cooperatives.This paper reviews the cooperative financing neoclassical economic theory:transactioncost theory and financial repression and basic theory. With the impact of financial deepening,farmer cooperatives loans acquired research results, and the actual situation in Guanzhongfarmer cooperatives, we have built a cooperative loans acquired factors basic framework(scale of fixed assets, operating capacity, cooperatives financial system, banking communityrelations, external financing environment environmental and president of factors), and thenwe apply the Guanzhong area225actual research data on the Guanzhong Shaanxi farmers toan empirical analysis in terms of credit cooperatives basic conditions and influencing factorsof the loan obtained. Proposed for the next article, we analyzed the status of farmers’professional cooperatives loans, loan purpose, the loan principal, loan features and loandifficulties, enumerate several major mode of loan application with its range of its strengthsand weaknesses.Then combined on the basis of the actual situation in Guan Zhong, we offerdifferent types of cooperative lending model. Finally, on the basis of empirical andtheoretical studies, we consider several measures to improve farmers’ access to formal credit cooperatives:(1) strengthening self-construction cooperatives to improve their developmentcapacity.(2) Financial institutions should improve their efficiency and implementation ofproduct innovations.(3) Legislation, such as improving security in rural areas.(4)Government departments should strengthen efforts to support cooperatives.(5)Foster thefarms’ awareness and ability to stake.The results show that:(1) Fixed asset scale farmers haves a geat effect on farms’getting the actual loan amount, but there was no significant effect on the possibility ofco-operatives to obtain loans；the ability to co-operate cooperatives to obtain the actualborrowing facilities have a very significant impact, but there was no significant impact on theavailability of co-borrowers；the relationship between the cooperatives and banks has asignificant influence on the actual loan amount, but no significant impact on the cooperativesto get borrowing possibilities.；co-president of factors on the likelihood of cooperatives have asignificant impact on the possibility of obtain loans and actual borrowing facilities；theexternal financing environment for cooperatives have a significant impact on obtaining theactual borrowing facilities and the possibility of actual loans；That whether there is a soundcooperative financial system have a significant impact on the availability of creditcooperatives.(2)Loans dilemma analysis of farmer cooperatives. Constraints of farmercooperatives system, formal financial institutions’ shortage of supply of financial capital inrural areas and government limited investment in agriculture led to farmer cooperatives loansinto trouble.(3) Several major model access to the loan for farmer cooperatives. The mode ofcooperatives directly applying for the loan, the mode of cooperatives applying for the loanwith the help of government, mutual funds and cooperatives internal security agency modelcan be selected for farmer cooperatives in Guanzhong area.