Study On The Influencing Factors Of The Financing Demand And Availability Of The Farmers' Professional Cooperatives In Shandong Province

With the promotion of the strategy of rural revitalization and the development of urban and rural integration,the pattern of agricultural production has changed.As an important part of the new agricultural management body,the farmers' professionalcooperatives have been payed increasing attention.In December 27,2017,the newly revised law of the People's Republic of China on Farmers' professional cooperatives has made a series of significant innovations in the cooperative system.In 2018,the No.1 document of the central government once again focused on the “three rural issues”,and put forward the development of cooperatives and the development of various forms of moderate scale operation.In recent years,the number of farmers' professional cooperatives in Shandong province has increased significantly in quantity,and the demand for funds has gradually increased.However,the financing difficulties in the rural economic development of our country are still not solved.The fund demand in the process of financing for farmers' professional cooperatives cannot be effectively met,which restricts the development of rural economy.Therefore,it is of great significance to study the financing needs and availability of the farmers' professional cooperatives to alleviate the financing difficulties and promote the healthy development of the farmers' professional cooperatives in Shandong.Therefore,based on the theory of rural financial development,transaction cost,rural financial market theory and imperfect competition theory,and the survey of 152 farmers' professional cooperatives in Shandong province,this paper uses STATA11.0 software to analyze the financing demand and the influencing factors of farmers' professional cooperatives in Shandong province.First,this paper introduces the background,purpose,significance and theoretical basis.Second,it presents the development status of farmers' cooperatives in Shandong province.Then,it elaborates the data source,analysis of the basic situation of the sample cooperatives,and status,characteristics as well as availability of financing demand.Next it uses Logistic model to analyze the influencing factors of financingdemand and credit inclusive of cooperatives.Finally,this paper proposes solutions to the financing problems of farmers' professional cooperatives in Shandong Province from the views of government,financial institutions,cooperatives and other aspects to broaden the financing channels,alleviate the difficulty of financing and promote the sustainable development of that in Shandong province.Research results mainly containstwo aspects:(1)The average age of presidents of farmers' professional cooperatives is relatively young,and their overall education levels are high.Compared with the small-scale farmers,the farmers' professional cooperatives have difficulties such as lacking adequate funds and needing a long term financing support.When farmers' professional cooperatives applied for loans,due to the characteristics of their scale of operations,they faced greater financial difficulties in the subsequent production and operation,and a considerable part of the financing needs cannot be met.The cooperatives that have received the loans mainly obtain loans from rural credit cooperatives.A small amount and short term of loans are the main features of the financing of farmers' specialized cooperatives at this stage.Obviously,the rural financial services mainly with micro-finance cannot meet the funding demand of farmers' professional cooperatives.(2)As for the factors affecting the financing demand of farmers' professional cooperatives,the size of fixed assets,registration time,education level of directors,borrowing experience,and the scale of financial institutions have a positive impact on their financing needs and behaviors,but the level of income has a negative effect.The scale of fixed assets,personal wealth of directors,demonstration agency ratings,and borrowing experience have a significant positive effect on the availability of financing needs,in contrast to the negative effect of amount of loans.Therefore,this paper puts forward countermeasures and suggestions for the financing difficulties of cooperatives.(1)Improve the financing conditions of the cooperatives and innovate the mechanisms of production and management.(2)The government should play a guiding role and speed up the construction of the Credit guarantee system and agriculturalfinancial system.(3)Expand the scope of financial institutions on supporting agriculture and promote innovations in rural financial services.(4)Regulate private finance and advance the construction of rural financial market system.