Study On Financing Availability Problem Of Family Farm In Shannxi Base On Game Theory

As a new agricultural business entity, the family farm is the main form of agricultural reform in our country. The Family farm improves the agricultural productivity, increases the income of farmers, and well makes up the shortcoming of the rural economy. However, with the development of family farms, the financing problem has become a key factor restricting the development of family farms. The paper takes Shannxi province as an example, analyses the factors of influencing financing availability through the establishment of a financing game model to sort out financing problems between family farms and bank aimed at reduce default expectations.First, on the basis of literature research, the paper defines the financing status and financing problem of this family farm in detail; and we use data collected from family farm survey to carry on the analysis of characteristics and facing problems of the family farm in Shaanxi Province.Secondly, it uses a game model in information economics to sort out the financing problem between family farm and bank, get the default probability model from the perspective of maximizing the interests of the bank, and preliminary analyze the availability of bank loan in default expectations, and deduce how to reduce the loan anticipatory of family farm field which set by bank, that pave the way for the analysis of influence factors in the fourth chapter. On this basis, we choose the standard degree, government policy support and revenue factors as the main analytical variables.Thirdly, this article examines the three hypothesis. In view of the influence factors of loan availability is only measured by yes or no, so it uses binary logit discrete choice model to empirically test the factors having impact on family farm financing availability. This study has an empirical research with the survey data of Shaanxi Province as a sample, using eviews6.0 software to carry on the analysis.The study shows that:(1) general financial support provided by the government play a positive role in promoting the family farm loans;(2) the standardization degree of the family farm has significant positive correlation for the family farm to obtain loans;(3) cost of income of family farm has not significant positive correlation on family farms to obtain loans.At last, this paper carry out the factors influencing on the family farm loans, and puts forward relevant policy suggestions for family farms and government, in order to provide countermeasures and support and provide the optimal path of the financial difficulties for family farms.