Analysis Of The Shortage Of Borrowing Funds In The Process Of Agricultural Modernization

Agriculture has been regarded as the foundation of people's livelihood since ancient times.Agricultural modernization is the only way to promote the development of agriculture and rural areas,improve the industrial structure,and make farmers happy.Although China's agricultural and rural construction has made brilliant achievements since the reform and opening up,and the pace of agricultural modernization has been accelerating,the quality level of China's agricultural modernization is still quite different from that of developed countries.Modern agriculture is transformed from traditional agriculture,and the main difficulty in this process is the lack of adequate financial support,especially the lack of financial lending funds.Domestic scholars generally believe that because agriculture has natural factors such as large investment,long period of investment time,and vulnerability to natural disasters,it is difficult to be favored by external funds.Foreign scholars generally believe that the development level of economic and financial services has affected the agricultural modernization.Based on the research results at home and abroad,this paper summarizes the relevant theories of rural finance:agricultural credit subsidy theory,rural financial market theory and imperfect competitive market theory.The total agricultural production in China has been increasing year by year,and the degree of agricultural mechanization has been continuously improved.In the process of deepening agricultural mechanization,the amount of funds needed has gradually increased.However,due to its natural weakness,most agricultural producers in China are not enough.The funds were expanded,thus creating a contradiction of insufficient supply of funds.Through the analysis of the development level of China's agricultural modernization and the status quo of financial lending funds support,it is found that China's borrowing funds have problems of low support efficiency and serious capital loss.The supply of funds was insufficient.By establishing a model,the agricultural borrowing funds are introduced into the improved production function as independent variables,and the corresponding conclusions are drawn from the perspective of optimization.That is,there is a long-term gap in China's agricultural borrowing funds,but the overall gap trend is declining,including 2009 and 2015.The year-on-year decline was the most obvious.The reason was that China introduced a preferential policy for borrowing funds in the same year,which increased the supply of funds.Model analysis by sub-regional analysis shows that the northeast region and the northwest region of China are the regions with the most serious funding gaps.In response to the problems found in the research,it is proposed that policies should be used to solve the problem of insufficient supply of funds,improve the rural financial structure,and improve the degree of agricultural industrialization.