Research On Credit Rating Of Farmers' Professional Cooperative And Application Countermeasures In Heilongjiang Province

Following the“Central First Document”of 2017,which put forward that we'll cultivate new types of agribusiness and service principle,develop appropriately scaled agricultural operations of various forms,the 19^th National Congress of the Communist Party of China present“We will develop appropriately scaled agricultural operations of various forms,cultivate new types of agribusiness again.As a new type of agribusiness,Farmers'Professional Cooperative's effect of promoting the scale of land operations and organic linking between farmers and modern agribusiness has been greatly emerged.However,it is not easy for Farmers'Professional Cooperative to flourish and expand,financing difficulty become one of the most obstacles for Farmers'Professional Cooperative.Researchers found that the lack of credit rating system of Farmers'Professional Cooperative caused the extent of information asymmetry increased and the access to credit reduced.Current credit rating system of bank usually apply Modified Scorecard Approach and credit default probability model to evaluate credit conditions of Farmers'Professional Cooperative,which often lead the bank to underestimate the real credit status of Farmers'Professional Cooperative,because those methods are tailored for large-scale company.At the very beginning of establishing the social credit system,we should do our utmost to establish a differentiating credit rating system in order to decrease the degree of information dissymmetry between bank and of Farmers'Professional Cooperative,which has the positive theory and practically significances for solving the financing difficulty of Farmers'Professional Cooperative.This article defined the meaning of credit rating at first,proposed that in this paper credit rating of Farmers'Professional Cooperative mainly includes four parts:index system,model and classification and Classification definition of credit rating of Farmers'Professional Cooperative.This article wrote as the logical above.First of all,based on the status of the credit rating of the Farmers'Professional Cooperative in Heilongjiang province,found that current credit rating exists some problems,such as index systems of credit rating cannot reflect the particularity of the lender,hysteretic methods of current credit rating system and incomplete reference standards of credit rating.Second,with the purpose of making the index system to reflect the particularity of Farmers'Professional Cooperative,this article selects a sample of 802 Farmers'Professional Cooperative in Heilongjiang province,by analyzing the relationship between credit ratings and credit data,finding out significant impact indicators on credit rating of Farmers'Professional Cooperative and making up the index system of Farmers'Professional Cooperative in Heilongjiang province.Third,in order to improve hysteretic methods of current credit rating,we choose methods as entropy weight method,the nonparametric kernel density distribution model,slice methods of sampling,Ward clustering to make an improved credit rating model,and through scientific sample extensions solved the credit rating classification under the condition of small sample problems.The empirical result of the improvement of the credit rating model is the classification of credit rating of Farmers'Professional Cooperative in Heilongjiang province.On this basis we defined the Classification of credit rating.Finally,to protect its application and popularization of credit rating of Farmers'Professional Cooperative in Heilongjiang province,we put forward some suggestions from the angles of information sharing,cooperative operation,credit consciousness and government support and the guided policy.By comparing the credit rank of Farmers'Professional Cooperative in Heilongjiang province with its development level,we can see that the improved the credit rating in this paper has significant advantages of subject applicability,regional applicability and timeliness time-effectiveness,which can reflect the credit standing of specific subject in specific region in a specified period.