The Risk Compensation Mechanism Construction Of Agricultural Science And Technology Finance

For more than30years reforming and opening-up, the agriculture which occupies the foundation status in national economy is in revolution, technology innovation supports the development of modern agriculture science and, however, when science and technology in agricultural participation in the process of constantly improve, lack of financial support is restricts the development of science and technology innovation.In terms of the industrial revolution of the world, each time the industrial revolution rises was the result of scientific and technological innovation, as a financial innovation, the tightness combination of science and technology innovation and financial innovation is a social change mode of production and way of life of the engine. Yet as "two main chains" of agricultural science and technology finance, technology and financial, in this foundation industry of agriculture combined with poor stability problems exist:on the one hand, the financial capital "despise" the agricultural science and technology projects, science and technology innovation and industrialization process is in extremely high risk, and the consideration of agriculture is adding to the risk, combined with our low level agricultural development, small size and scattered, it is difficult to meet the requirements of the financial institutions with high risk that called by the high remuneration; On the other hand, agricultural science and technology projects is "invisible" to financial capital, the development of Chinese financial market is not perfect, especially the risk investment appear relatively late, the capital scale is neither relatively high, nor covering industry widely enough, unable to provide sufficient financial capital. Recently, large investment in agricultural science and technology, has obtained certain achievements, related data show that our country has more than6000each year agricultural science and technology achievements, but less than40%can be realized into industrialization, far less than developed countries relevant levels.This paper tries to analyze risk of agricultural science and technology related to agricultural science and technology project life cycle of the characteristics of the joining of financial capital, clear the role of government and market in risk compensation mechanism, using the existing and development appropriate financial products, ensure the smooth of financial capital and the combination of agricultural science and technology, solve the problem of "despise". With efficient capital utilization and reasonable returns, the agriculture science and technology project attract financial capital, to stimulate the financial innovation of science and technology innovation, improve the level of the development of financial market in China to solve the problem of" invisible".This paper constructs the framework of agricultural science and technology financial risk compensation mechanism, provides the theoretical basis of the building of future risk compensatory mechanism of agricultural science and technology:The main content of this paper include:(1)Defined the concept of agricultural science and technology risk, and analyzes the characteristics of agricultural science and technology risk.(2)The theoretical basis of the concept of science and technology, agricultural science and technology risk is defined, this paper expounds the theory of financial innovation, enterprise life cycle theory, the insurable risk theory and public goods theory, listed and evaluated in this paper.(3)The analysis of the current situation of China’s agricultural science and technology financial risk compensation, and listed the existing problems, reasons and experience achieved.(4)Including the agricultural insurance, agricultural science and technology science and technology innovation risk investment insurance, loans, subsidies and other direct subsidies risk compensation mechanism, and discussed the provide funds and operation mode.