Research On Financial Support For Agricultural Development In Sichuan

Agriculture is the foundation of the national economy,the development level of agriculture not only directly related to the level of rural economic development and the stability of rural society,and in relation to the whole society in our country's economic development and the security and stability.Therefore,it is an important guarantee for the rapid and healthy development of agricultural economy to begin to solve the capital problem in agricultural development.In the economic globalization,new urbanization and the agricultural supply side structural reform in our country under the background of the agricultural development of our country are undergoing profound changes,internal motivation and external environment for the development of agriculture and rural areas has significant and profound changes.Finance is the lifeblood of the real economy.It is the core of modern economy.The highest purpose of finance is to serve the real economy.At the same time,finance as an industry can realize the development of other real estate industry through the allocation of financial resources.Rural finance is a part of modern financial system and the pillar of rural economic development.But in Sichuan province,the rural financial development is far behind the agricultural development,rural capital outflow is serious,the rural financial supply and demand is in a state of imbalance,the funding gap is bigger.This restricts the further development of agricultural and rural economy in Sichuan province.The difficulties in agricultural financing,the improvement of rural financial system,the deepening of rural financial reform and the innovation of financial institutions' support for agriculture and agriculture have become an urgent problem to be solved in the current agricultural transformation and upgrading.On January 2,2018,the opinions of the central committee of the communist party of China on the implementation of the strategy for the implementation of the rural revitalization plan,released by the central committee of the central government in 2018,focused on the issue of agriculture,rural areas and farmers for 15 consecutive years.The document refers to the arrangement and deployment of improving the quality of agricultural development,strengthening the rural revitalization system supply and strengthening the investment guarantee of rural revitalization.Therefore,it is of great theoretical and practical significance to study the existing problems of financial support in the agricultural development of Sichuan province and put forward corresponding countermeasures and Suggestions.This article has carried out literature review from the aspects of financial support and agricultural development,the constraints of financial support for agricultural development,and the efficiency evaluation of financial support for agricultural development.From the financial development theories of financial restraint,financial deepening,and financial constraints,The three schools of rural finance theory,namely agricultural credit subsidy theory,rural financial market theory,and imperfectly competitive market theory,were systematically elaborated,and on this basis,they were used to use 21 cities(states)of Sichuan Province in 2012-2016.For the panel data,five variables including total agricultural output value,financial institution's yearend loan balance,premium income,fiscal expenditure on agriculture,and social fixed asset investment were selected and selected through F-test and Hausman test.The fixed-effect regression model was used for regression analysis.Finally,the empirical analysis results were obtained.Empirical results show that:First,the level of financial support in Sichuan Province does have a significant role in promoting agricultural development in Sichuan Province.At the same time,it is also seen that the loan balance of financial institutions does not play a major role in driving the total agricultural output value.This may be due to insufficient credit provided by financial institutions in Sichuan to the agricultural sector.In order to promote the sustainable development of agriculture in Sichuan Province,it is indicated that the financial institutions in Sichuan Province also need to increase the credit supply to agriculture and improve the level of support services for agricultural institutions.In addition,it is also necessary to expand the scale and coverage of agricultural insurance,increase the level of risk protection for agricultural operations,and promote agricultural development.Second,Sichuan's total social fixed asset investment in agriculture promoted the agricultural development of sichuan province,but sichuan's financial investment in agriculture did not play a significant role in promoting the agricultural development of sichuan province.Sichuan province should continue to play the guiding role of government investment,improve the policy environment and service environment of financial support for agriculture,and attract more financial resources to sichuan agriculture.At the same time,we should increase the proportion of agricultural fixed asset investment in total social fixed asset investment,increase investment in agricultural infrastructure and give play to the role of investment in promoting agricultural development.After the empirical analysis,this paper analyzes the predicament of financial support for Sichuan agricultural development from three aspects: rural financial system,risk sharing mechanism and rural financial ecological environment.Finally put forward a sound rural financial system,promote the reform of rural finance,perfect rural financial legal policy environment and the way of innovation of rural financial support to improve the rural financial development level in Sichuan province,to promote the agricultural development in Sichuan province.