Study On Innovation Of The Farmer Household Financing Guarantee System

The Communist Party of China 19th report emphasizes that the problem of agriculture,rural areas and farmers is the fundamental problem related to the national economy and the people's livelihood.It must always be the most important task to solve well the problem of "three rural" as a whole party work.The healthy development of rural finance plays a vital role in the solution of the "three rural" problems.At the same time,because of the weak quality of agriculture,the lag of the construction of rural property rights system and the related legal constraints,the"difficulty of financing" and "guarantee difficult" have become the most important problem of the rural financial development.In 2018,the central No.1 document also mentioned the need to speed up the establishment of a national financing guarantee fund,strengthen the increasing credit function of guarantee financing,and guide more financial resources to support the revitalization of the countryside.In this context,in order to explore an effective way to solve the problem of "financing difficulty" and"guarantee difficulty",this paper takes the village level financing guarantee fund in Shaxian County,Fujian as an example,and tries to provide some useful experience for the innovation of the financing guarantee mechanism of farmer households.This article is divided into 6 parts:the first part is the introduction,which mainly explains the background,significance,literature review,the purpose,content and method of this paper,and the possible innovation and deficiency of this article.The second part is the definition of the concept and related theoretical basis,analysis and application.This chapter first defines the concepts that may be involved in this article so as to facilitate the logical analysis;then the theory involved in this article is introduced,and the theoretical analysis of the problem of farmer households' financing difficulties is carried out on the basis of the introduction of the theory.The third part mainly explains the necessity of farmer households' financing guarantee mechanism innovation through the current situation and problems of farmers' financing guarantee loan.The fourth part is mainly about the research on the guarantee mechanism of village level financing guarantee fund.It analyzes the mechanism of the guarantee fund and its advantages relative to the group lending of the peasant household,and puts forward some problems that the guarantee fund needs to solve at present.The fifth part mainly studies the impact of village level financing guarantee fund on farmer households' formal credit constraints through the logit econometric regression model.The sixth part is the conclusions and recommendations of this paper based on the previous chapters.The research achievements of this paper are as follows:first,through the data obtained from field research,this paper uses the logit model to draw the conclusion that farmers join the village level financing guarantee fund can reduce the probability of their formal credit constraints,so as to improve the credit availability of farmer households.Second,the village level financing guarantee fund makes full use of the advantages of the government and the society of rural acquaintances,so as to form a new organization form of farmer households financing guarantee mechanism,this new mechanism design has achieved remarkable results in improving the credit level of farmer households and providing financing opportunities for farmer households,it also provides a reasonable and appropriate channel for the government to participate in rural financial market.Third,on the basis of the outcomes of this study,the relevant research proposals are proposed to promote the further development of village level financing guarantee fund and improve its guarantee mechanism,and the paper also suggests that the government should strengthen the support of the village level financing guarantee fund with the characteristics of the innovative guarantee mechanism.