Research On Influencing Factors Of Credit Financing Of Farmer Cooperatives In Heilongjiang Province

The important direction of agricultural reform is to speed up the transformation of agricultural development mode and achieve a modest scale of business diversification,and then to play a leading role in modern agricultural construction.Under the impetus of a series of agricultural reform policies,such as the "top-level design of rural collective property system reform","certification and registration of rural contracted land approval” and "structural reform of agricultural supply side",the cooperatives as the main type of New Agricultural Business Entities has got the rapid development,and effectively play the function of bringing retail,docking business and linking the market.Which vigorously promoting development of the agricultural scale,modernization and efficiency,and also significantly increasing the income of farmers.As a large agricultural province in China,Heilongjiang Province has shown a rapid development in the development of farmer cooperatives.However,the development of cooperatives face serious shortage of funds,and the credit financing can not meet the demand of cooperatives production and management.Therefore,it is of great significance for the development of farmer cooperatives in Heilongjiang Province to study their credit financing and its influencing factors of farmer cooperatives.This paper mainly studied the influencing factors of credit financing of farmer cooperatives in Heilongjiang Province.Firstly,on the basis of the research design,theoretical framework and research achievements of foreign scholars on credit financing of farmer cooperatives,this paper defined the concept of farmer cooperatives and credit financing of farmer cooperatives,and then states the theory of cooperatives,the theory of western modern enterprise financing,the theory of credit financing guarantee and the theory of relational lending,which laying the theoretical foundation for the whole research.Secondly,based on the field survey data of farmer cooperatives and their credit financing in three regions and totally 12 counties of Heilongjiang Province,this paper analyzed the current situation of crop planting cooperatives,husbandry cooperatives and agricultural machinery cooperatives,and also analyzed credit financing of Heilongjiang farmer cooperatives from the perspectives of credit financing demand and supply.Compared with the supply and demand of credit financing,it was found that the farmer cooperatives in Heilongjiang Province facing serious imbalance between supply and demand of credit financing,and also having the problems of very few capital sources and relatively high financing costs.Thirdly,based on the analysis of the current situation and problems of credit financing of farmer cooperatives in Heilongjiang Province,this paper used the dual Logistic model to analyze the influencing factors of credit financing of farmers' cooperatives in Heilongjiang Province from the perspectives of the basic conditions of cooperatives,the production and management of cooperatives,the characteristics of cooperatives principal and the conditions of financial institutions.The results showed that the factors as the registered capital,whether the cooperatives have collateral or pledged assets,the product output value of members that unified sell,the age of cooperatives principal,the education level of cooperatives principal and relation between banks and cooperatives had positive impact on credit financing of farmer cooperatives.Finally,according to the analysis of present situation,problems and influencing factors,this paper put forward some countermeasures and suggestions on credit financing of farmer cooperatives in Heilongjiang Province from the perspectives of farmer cooperatives themselves,financial institutions and government.