Research On The Government Role In Agricultural Land Management Rights Mortgage

China's agriculture chronic lack of credit funds limited agriculture modernization. Agriculture mechanization and large-scale land operation need effective financing pattern,but ways of financing are insufficient, especially even no land mortgage loan. The farmland contracting and management right of mortgage loan is approved in the third plenary session of 18, which means the mortgaged property starts. Guiding the agricultural land mortgage on a sustainable development needs the government to formulate the corresponding system of measures to regulate the relationship of agricultural land mortgage. In the face of the farmland financial market failure situations to make up the market, and to create market, can truly solve the problem of rural development funding requirements.A phenomenon is analyzed with the combine angle of theory and practice that the paper make a general expatiation about the national land management rights mortgage pilot, in which it spots that the government can assume a certain role in all kinds of pilot to help achieve a mortgage transaction,which conclude that it is necessary for farmland rights mortgage relations to be intervention by government. Furthermore, a broadly representative pilot as the case is used to reveal that the government has replaced the status of the market in the process of intervention, and do not effectively reduce the transaction cost, so that limit the ability of farmland rights mortgage financing, with the method of transaction cost theory of economics. On the basis of case study, the article puts forward its core point:for cultivating an emerging market government should pay more attention to establish the market, which require a respect the characteristic of the land management rights mortgage transaction in the system design, that is to say, according to the transaction characteristics to determine the governance structure and the government role. Finally, the article gives the concrete policy recommendations, including the establishment of rural integrated cooperative financial organizations and cultivation of farmland financial market.