| Live-animal mortgage financing is a new financing method for large-scale livestock farms to obtaining loans by using live animals like livestock and poultry as collateral,which has a certain practical effect on alleviating the financing difficulties of farmers.However,this new type of financing is still in the exploratory stage.Only small-scale pilots have been carried out in animal husbandry and concentration areas such as Inner Mongolia and Heilongjiang Province,and many contradictions and problems have been exposed in practice.Due to the natural weak nature of the livestock industry,the collateral has large natural risks and market risks.As a new type of operation subject,most large-scale livestock farms are still in the initial stage of development,and their breeding and operation capabilities are not perfect.In addition,the live-animal mortgage financing model has not established a comprehensive risk prevention and compensation mechanism,which has caused financial institutions to bear greater risks and inhibit the enthusiasm of their business development.Therefore,it is of theoretical significance and practical need to study the large-scale livestock farms' mortgage financing mode and risk prevention measures.This paper adopts both qualitative and quantitative analysis methods,combined with relevant literature,based on the field survey data and expert scoring data of 184 farms in Weinan City and Baoji City,Shaanxi Province.By using the following data like characteristics of farm owners?operating capacity and profitability?disease prevention system and market risk?improvement of property rights mortgage transaction service system and government policy support,specifically analyzing the influencing factors of the default risk of livestock mortgage loans.Then using the analytic hierarchy process model and the fuzzy comprehensive evaluation model to evaluate the risk influencing factors,the risk level of the sample population is obtained and relevant countermeasures are proposed.This study has the following conclusions:(1)The empirical study found that the overall evaluation of the mortgage financing risk of live animals in large-scale farms in Fuping County and Linyou County of Shaanxi Province was “general” level,which was at the lower limit of lending standards of financial institutions,which led to the low enthusiasm of financial institutions for loan lending.Among them,the disease prevention system and market risk situation of the farm,the farm operation capacity and profitability are the two most significant aspects of the impact on the mortgage financing risk of large-scale farms.Therefore,controlling the risk of livestock diseases(epidemic)and strengthening the farm's own strength is the key to promoting the development of live animal mortgage financing.(2)The whole process of risk control system of pre-lending,lending,and post-loan,which is guided by the government and supported by banks,insurance companies and guarantee institutions,is emphasized.The insurance companies and guarantee institutions should be supported by government policies.Through the innovation of internal products and services to play a risk-sharing role,to maximize the risk of default on live animal mortgage financing.And from the large-scale farms' own quality and production and management capabilities,financial institutions' internal construction,external environmental cooperation and government support,the countermeasures and suggestions for improving the risk prevention of live animal mortgage financing in large-scale farms are proposed. |
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