Studyon The Comprehensive Evaluation Of The Mortgage Loans For Rural Land Management Rights

During the 40 years of reforms,China's economy has achieved tremendous successes that have attracted worldwide attention.However,in the process of rapid economic development,the imbalance between urban and rural development in China has not been fundamentally solved,and farmers' “difficult loans,difficult mortgages,and difficult guarantees” have seriously constrained farming modernization and increase in income of farmers.At present,China is in a critical period of industrial back-feeding agriculture and the city is feeding back rural areas.Farmers,as the most important agricultural investment entity,are shifting their loan demand from small-scale consumer financing requirements in the past to large-scale production of large-scale modern agricultural management entities.However,the current development of China's rural financial market is not mature.Rural financial institutions are very cautious about placing agricultural loans,and it is difficult to meet the financial needs of farmers.Farmers' problems of “difficult loans and expensive loans” cannot be fundamentally solved,and the contradiction between rural credit supply and demand is prominent.In order to solve the problem of “difficult loans,difficult mortgages,and difficult guarantees” among rural households,the pilot of mortgage loans for rural land management rights has been gradually promoted.Mortgage loans for rural land management rights have achieved the conversion of rural land property rights to capital,awakened rural sleeping capital,improved the availability and convenience of rural household loans,and eased the widespread financial exclusion in rural areas.In order to understand the pilot effect of mortgage loans for rural land management right,this paper uses survey data from farmer households in rural land mortgage loan operation pilot areas from 2014 to 2016.From demand side(farmers)and supply side(financial institutions),this paper uses Logit model,multiple Logit model,PSM model and orderly Probit model,in order to further analyze the pilot effect of mortgage loans for rural land management right.It finds:(1)The main factors affecting rural households' participation in mortgage loans for rural land management rights include gender of household head,age,years of schooling,household per capita arable land,family size,labor force ratio,share of agricultural income,family social relationship,finance institutions' credit,service satisfaction of financial institutions,understanding of rural land mortgage land,future financing needs,etc.(2)Mortgage loans for rural land management rights have eased the credit rationing.Farmers,in the pilot of mortgage loans for rural land management rights,have a low credit rationing.(3)Rural land mortgage loan improves farmers' agricultural income,not non-agriculture income.(4)Finance institutions in western areas have a high willingness to supply rural land management mortgage loan.Features of mortgaged land(valuation of mortgaged land,deposition of mortgaged land,earnings of deposition making up default loss),features of loan transaction(volume of business and its prospect),features of finance environment(improvement of guarantee system and support from local government),years of working,handle procedures,business model are the main factors affecting loan officers' supply willingness.Based on the above conclusions,this paper also proposes a series of policies aimed at improving the pilot effect of mortgage loans for rural land mortgage rights.