Research On The Validity Of Rural Land Contract Rights Mortgage Finance To Peasant Households’ Income Growth

“sannong” problem is the focus of the party and the state, the rural finance, as the most important support for solving “sannong” problem, is the key reform issue. Since 2004, 11 Central No.1 Documents from the party focused on the reform and development of rural finance, aiming to constantly improve the service level of rural finance, accelerate the development of rural area, and lay the foundation for solving “sannong” problem. In recent years, with the party`s policy supports, besides some rural finance institutions, such as the Agricultural Bank of China, Postal Savings Bank of China, Rural Credit Cooperatives, some new type rural finance institutions, such as rural commercial banks, rural cooperative banks, village banks, small loan companies, rural credit union funds have emerged and become the main force of rural finance supply, they solved the problem of short of rural finance supply. At the same time, the rural finance product innovations and trials are advancing all around the country, among them, the rural property mortgage finance is common, the rural land contract rights mortgage finance is the core of them. The rural land contract rights is the most common pawn of farmers. However, different economy and social environments and different models lead to different trial effects, so the research of validity of different models has the important significance to improve the rural land contract rights mortgage finance.Based on the background above, the paper selects Tongxin and Pingluo, Ningxia as the research area, obtaining data there, to analyze the background, course, characteristics and existing problems. Peasant households as the research object, the paper studies sample characteristics, selects the trials` influences to peasant households` income, adopts PSM-DID model to analyze the trials influenced peasant households` income or not and its influence degree. Based above all, countermeasures and suggestions about construction of institutions, competition of rural finance markets, land appraisal, land ownership, supervision to the use of loans and risk compensations are put forward to provide the scientific basis of promoting the reform of rural land contract rights mortgage finance.The first chapter is introduction. This chapter mainly introduces the background, purpose, methods and innovation of this research, and makes arrangements, summaries and comments on related researches about rural land finance, rural property finance and farmer income.The second chapter is concept definition and theoretical basis. At first, concepts of rural land contract rights mortgage finance, peasant households` income and validity of finance is defined, and then the acting mechanisms between finance and farmer households` income growth are explained based on the New Classical Production Theory to lay the foundation of the paper.The third chapter is the basic facts and existing problems of rural land contract rights mortgage finance. First of all, the basic facts of Tongxin and Pingluo, Ningxia are introduced, and then the course of Tongxin model and Pingluo model is narrated, characteristics of the two models are summarized, at last, the existing problems are found through the comparative analysis between the two model.The fourth chapter is the empirical analysis of the validity of rural land contract rights mortgage finance to peasant households` income. This chapter adopts PSM-DID model to research the validity of rural land contract rights mortgage finance in Tongxin and Pingluo, Ningxia to peasant households` income respectively at different quantile points, and explore its possible reasons through comparative analysis, and evaluates the validity.The fifth chapter is countermeasures and suggestions about improving the validity of rural land contract rights mortgage finance. Countermeasures and suggestions such as expanding institution coverage, energizing rural finance market, standardize the system of land appraisal, clarifying land ownership, supervision to use of loan and improve the risk compensation system are put forward in the end of the paper.