Research On The Impact Of Rural Financial Development On Farmers' Income In Hangzhou Area

China's agriculture issue is given much attention all the time.From 2004 to 2018,the "Central Document No.1" locked the issue of agriculture,rural areas and farmers for 15 consecutive years.Agriculture as the basis of national economy,all of the economic activities can't do without financial support,the improvement of farmers' income and the development of rural economy require the financial support from rural finance.In 2005,the United Nations presented the inclusive finance,focus on service for small and micro enterprises,farmers,urban low-income groups and other vulnerable groups,rural financial's development is of great significance to the increase of farmers' income.In 2004,as a pilot area,Zhejiang province has officially started the deepening reform of rural credit cooperatives,develops to full service on agriculture,this paper is based on the study of rural finance and farmers' income,conduct field investigation and interview on rural credit cooperatives in six counties and districts in Hangzhou,it is based on the data of rural credit cooperatives in six counties and districts as well as regional statistical yearbook data,In-depth analysis the rural financial development and farmers income status quo of Hangzhou,then use unit root test,co-integration analysis,multiple regression to empirical tested and analyzed the relationship between the development of rural finance and the increase of farmers' income,and then put forward relevant policy Suggestions.The following is the conclusion of this paper:(1)There is a large gap between the income levels of residents in the inter-regional and urban and rural areas in Hangzhou,and the gap between rural financial development and urban financial development is also large.In the past 12 years,the income of farmers in the Hangzhou area has been continuously increasing,but the inter-regional income gap has further widened.Although the relative income gap between urban and rural areas in counties is shrinking,the absolute income gap is widening.At the same time,the level of rural financial development in the Hangzhou area has increased,and agricultural-related loans and farmer household deposits have continued to grow.However,the savings deposits of rural households are still far from the savings deposits of urban residents.There is still a large gap between rural finance and urban finance.(2)The scale of rural financial development in Hangzhou has a positive impact on farmers' income.The empirical analysis shows that in the long run,the expansion of the rural financial scale in theHangzhou area is conducive to the increase of farmers' income;this further concludes that the increase in agriculture-related loans is conducive to the increase of disposable income of farmers in Hangzhou.(3)The structure and development efficiency of rural financial development play an inhibitory role in farmers' income.Corporate loans accounted for a reduction in agro-related loans,and farmers' income increased.Agriculture-related loans consisted of agro-related enterprise loans and farmer household loans.This means that the higher proportion of rural household loans is more conducive to the increase in farmers' income,and the current policy in Hangzhou.Unanimously,support farmers' loans.In addition,the increase in the ratio of agriculture-related loans to savings deposits of rural households is not conducive to raising the income of farmers,which is consistent with the fact that Hangzhou's current wage income is the main source of farmers' income.(4)The rural industrial structure plays a reverse role on the income of farmers,and the intensity of investment in fixed assets has no significant effect on the income of farmers.The proportion of primary industry output in GDP is very low,and agriculture is fundamental,but its increase in output value is not conducive to development.Secondary and tertiary industries such as industry are the main source of China's economic development,and wage income is the main source.According to the research conclusions,the following suggestions are proposed:(1)(1)The government increases its support for rural finance and supports local governments district to develop characteristic industries.(2)Adjust the structure of rural financial development,face up to support for small and micro enterprises,and at the same time pay attention to the healthy development of informal finance.(3)Adjust the efficiency of rural financial development in a timely manner so as to adapt to local economic development.(4)Correctly deal with the impact of factors other than rural financial development on farmers' income.