A Study On Pricing Model Of Rural Land Trust And It's Application

To resolve the Three rural issues and develop modern agriculture,government encourage more reformation and creation on land circulation system.In this case,Rural land trust emerges as the times require,and had been looked forward to.CITIC put forward a trust investment programs in rural land on 10.october in 2013.It marks the implementation of the first rural land trust participated with a formal financial institution.After that,followed the pace of CITIC,major domestic trust institutions established rural land trust investment programs throughout the country.However,even if rural land trust is impressive creation on land circulation,it's feasibility still requires to be proof,because rural land trust is just in the experiment stage,we can not deny the possibility that,with the extension of land trust,some problems may appear.And among all researches on it's feasibility,pricing problem of trust products is the most significant.As we know,agricultural has always been a investment field that few investors show interest in,because of it's low comparative income.It brings questions that whether agricultural producers can afford the financing cost of land trust investment program,and,whether the return rate of land trust product can attract investors.Answers to these questions are foundation to generalization of land trust,needing to be investigated through appropriate pricing model.Currently,domestic researches on the feasibility of land trust majorly focused on the protection of land resource and the promotion of land circulation,rather than the price of land trust product.Also,before CITIC launched the first land trust program,land trust are not in the true sense,because they are majorly dominated by institutions established by government.These institutions are not financial institutions,can not provide financial services.In addition of the confusion of pricing in trust industry,there are few research on land trust pricing.This article sets up the pricing model of land trust product,and applies it to a typical case,basing on pricing models of traditional financial products related to land trust,in order to research land trust from the view of pricing.