Research On The New Type Farm Investment Mechanism

As the basic industry of the national economy, the level of agricultural development has direct impacts on the development of the country. Under the background of accelerating the construction of agricultural modernization and the slowdown of economic growth in china, can the agricultural industry contributes to the economic development of our country even become the new economic growth pole, which mainly depends on the quality of agricultural development. And the quality of agricultural development depends on whether there is a system or a framework which is conducive to the development of agriculture. The competition among industries is the competition of the system and mechanism. Relative to the second industry and the third industry, the fundamental reason why our agricultural develops slowly originates naturally in the weakness of agricultural economic system and mechanism.The topic of this paper is the farm investment mechanism, which is a more specific mechanism and framework. The improving of the competitiveness of agriculture contributes to promote agricultural modernization and agricultural development. The new farm investment mechanism refers to a kind investment mechanism which can realize the agriculture endogenous growth. The key different between exogenous growth and endogenous growth is the assumption on the marginal returns of capital, endogenous growth assumes constant marginal returns of capital. Generally speaking, it is believed that the assumption of constant marginal returns to capital is indeed proper if the knowledge capital and human capital is also covered. If we find a path of leading the knowledge capital and human capital into the agricultural industry by the construction of the new type farm investment mechanism, then the agricultural endogenous growth will be true.We come across many realistic problems in developing our agricultural, such as the peasant economy, the dual sector model, the incomplete land property rights, the weakness in supporting system of agricultural financial service and so on. The paper tries to solve these problems through construction of the new investment mechanism. A mechanism is well-designed to link land-use right and land-ownership, which help us not only achieve the complete land property rights but also find a road that conducts both knowledge capital and human capital into agricultural system, and the later is the key factor to reach the endogenous growth in agricultural economy. With the complete land property rights, the land transfer and scale agriculture almost seems natural, the peasant economy problem will be disappear. The industrialization and urbanization is not the only approach to solve the dual sector economy, industrial convergence based on the agriculture is a more efficient and faster method, which also should be one of choices at least. The agricultural financial service system will be improved on the condition that we have a more competitive agricultural industry. Above all, this paper focuses on the construction of a new farm investment mechanism, which can realize the above targets. In order to strengthen the authority of this new mechanism, the paper takes substantial dates, theories and cases.In summary, the core of this paper is to build a new farm investment which can realize the agriculture endogenous growth. It is a dynamic process from the new mechanism building to the agriculture endogenous growth realizing. In this dynamic process, many factors, links and relationships are involved. This paper tries to explain and demonstrate all these factors, links and relationships as detailed as possible. In order to be more persuasive, the paper obtains much data and theoretical supports for the new arguments.