Financial Support Of The New Professional Farmers Cooperatives Of Research

The farmer specialized cooperative is an organization which is to solve the conflict between household small productions with the ever-changing large markets to decrease the risk and improve a bargain efficiency. During the rapid development,farmer specialized cooperatives have faced the serious fund shortage and financing problems commonly, which have strong negative influence on their economic effect.As to these problems, the domestic scholars paid more attention to the macroscopic analysis, and the relevant case study lacks depth. Based on the past research, this dissertation studies the financing problem from the perspective of equity financing and debt financing. These two financing methods are divided according to the balance sheet. The study not only provides the useful complement to the cooperatives’ financing theory to a certain extent, but also provide reference for government department who want to formulate policies about solving financing problem.The thesis takes modern western corporate financing theory, farmer cooperative property theory and neoclassical economics theorem as main guidance. According to the thought of raising, analyzing and solving problems, this paper summarizes fiancing, theory and the research dynamic of domestic and overseas, bases on fully defining the relevant concepts, statistically analyzes status quo of cooperatives’ financing, concludes the financing difficulty and further analyzes the reasons of difficulty. To solve this problem, this paper draws on the successful financing of foreign experience and deeply analyzes financing structural characteristics of cooperatives in order to get some important clues. analyzes the financing structure of farmer cooperatives with balance sheet, analyzes the relationship between equity financing and the property arrangement with the method of combination of normative analysis and empirical analysis, analyzes the factors which influence support from formal finance with dualistic Logistic regression model, analyzes informal finance with the use of typical case studies of Hengyang Zijingshan cooperatives and analyzes the role of government in financing with the combination of normative analysis and empirical analysis.