Jilin Province Farmer Credit Behavior Research

As an agricultural country in our country, solving the problem of countryside, agriculture and farmers to promote the development of the national economy and improve the level of farmers’ income is of great significance.Jilin province is a big agricultural province, rural per capita income level is not high, however, to some extent because of the development of rural financial system is not sound, it is difficult for farmers to get enough outside money supply.How to meet the demand of peasant household loans, is to improve the farmers’ income in jilin province, the key to promote rural economic development level.Based on the theory of rural economic activities, the peasant household borrowing theory and rural financial development theory, starting from the actual borrowing in jilin province farmers, design of questionnaire, adopts the method of proportional stratified sampling sampling investigation to jilin province all farmers, due to the limited manpower and financial resources, a total of 1500 questionnaires, 1275 successfully recovered. In this paper, according to the questionnaire data, the basic characteristics of peasant household borrowing of jilin province, influence factors and the empirical research.By borrowing the analysis found in jilin province farmer borrowing mainly has the following characteristics: the head of the household generally accepted the nine-year compulsory education; Engaged in traditional farming is gradually decline, proportion of farmers go out employment increase gradually; The demand for loans to nearly seventy percent of the farmers, but less actual loans from formal channels, their lack of funds when the first option is to borrow from relatives and friends; Peasant household loans is mainly used in daily life, less used in the production and business operation; Farmers choose borrowing period is generally shorter; Most of peasant household savings will choose formal banking. More than the basic characteristics of jilin province farmers led to the low level of farmers income, farmers borrowing difficult problems.Based on the analysis of the peasant household borrowing, we use the Probit model, the main factors that affect the peasant household borrowing made a further study. One, to analyze the influence factors of farmer credit demand will, found that labor population, householder age, farmers cultivated land area, at the end of the deposit number index has a negative effect on the problem, level of education, family income, head of the household of farmer credit demand will influence was not significant. Second, the influence factors of farmers get loans from the formal channels is analyzed, found that family population, cultivated land area is large, high level of savings at the end of the family are more likely to get loans from the formal channels.Based on the comprehensive analysis of peasant household borrowing, found the cause of jilin province peasant household loans difficult mainly has two aspects: one is restricted by policy financial institutions, financial supply is too single to farmers; Second, farmers have no effective guarantee lead to their own lack of credit. In order to promote jilin province rural economic development, meet the demand for loans to farmers, the government should be encouraged financial institutions to diversified development, optimizing the rural financial system, expanding the scope of the peasant household loan collateral, to reduce the risk of financial institutions, strengthen financial products innovation, appropriate government intervention.