An Analysis Of The Influence Of Financial Literacy On Farmer's Willingness To Mortgage Loans On Land Property Rights

There are contradictions in financial supply and demand with the current rural economic development.The implementation of mortgage loans for land contracted management rights is based on the use of land management rights as a collateral to borrow funds from banks.This financing method greatly promotes the enthusiasm of agricultural production and makes up for rural capital.This paper examines the impact of financial literacy on mortgage loans for land contracted management rights.The choice of financial literacy as a core variable is due to the discovery of financial literacy in financial literacy related theoretical research that can effectively improve financial decision-making behavior and improve family financial well-being.What's more,it will contribute to the stability of the national economic system.From the perspective of microfinancial literacy,based on field survey data,inspections of decisions on financial behaviors of rural households,and enrichment of theoretical research on financial literacy,it is of great significance for the promotion of financial literacy education,the development of inclusive finance,and the advancement of land contracted management right loans.Firstly,according to the literature review of relevant financial literacy,the paper mainly analyzes the definition and measurement theories of financial literacy and the status of land management rights mortgage loans.Based on the status quo of pilot implementation of mortgage loans for land management rights and relevant empirical research,the advantages and development status of implementation,and problem in Yangling District of Shaanxi are analyzed.Secondly,combined with the relevant measurement theory of financial literacy,a descriptive analysis of financial literacy questionnaires for rural households and a quantitative analysis of financial literacy indexes were carried out.Principal component analysis methods and factor analysis methods were used to evaluate financial literacy indicators,and public factors were constructed to construct financial index;according to the score for descriptive statistical analysis,correlation analysis of financial literacy and loan willingness requirements,showing a clear positive correlation,and then I establish a Logistic regression model for analysis.But there is an endogenous relationship between control variables,such as financial literacy and other variables such as education,which may causes the multicollinearity about the regression model,using spss to perform multicollinearity test,and using stepwise regression method to perform the model.From the results of the model,we can understand that financial literacy,family monthly income,education,and region influence on farmers' willingness to lend are significant;but gender and marital status also affect the farmers' willingness to lend negativelv;age and farmers' willingness also show a relevant influence.Finally,in order to promote mortgage loans for land contracted management rights and make suggestions and measures,improving the financial literacy level of the entire nation is imperative.