An Empirical Research On The Borrowing Behavior Of Rural Household And The Influence On Income In Qinba Mountain Area

The Qinba Mountain Area includes Henan,Hubei,Chongqing,Sichuan,Shaanxi and Gansu autonomous regions.The area covers a wide area with large internal differences,fragile ecological environment and frequent natural disasters.At the same time,as one of the main battlefields for our country's efforts to fight poverty,promoting the progress of poverty alleviation work in the region is a top priority for achieving the goal of promoting rural rejuvenation strategy.At this stage,the Qinling and Palestinian mountains have entered an important moment of shaking off poverty and the main reason for limiting peasants' income increase and hindering farmers from getting out of poverty in the region is the lack of farmers' monetary capital.From macro perspective,the core of solving this critical problem is to achieve comprehensive financial support from Pratt & Whitney.When it reflects the micro peasant household level,it requires reasonable guidance and fully satisfy farmers' borrowing needs.Based on this background,this paper selects 469 farmer households in Qinba Mountain area as the research object,in order to analyze the influencing factors of farmers' choice of lending behavior and explore the income changes of farmers after different borrowing behaviors,and then explore the effectiveness of financial poverty alleviation and how realize financial poverty alleviation.The main conclusions of this paper are as follows:First,there is not enough formal borrowing for peasants in Qinling-Bashan Mountains.This paper discusses the reasons for the shortage of farmers' formal loan demand in Qinba Mountain area from the micro level,which mainly includes the following two points: a.Qinba Mountain farmers own poor endowments.Due to the fragile ecological environment and frequent natural disasters in Qinling-Bashan mountainous areas,farmers in this region are less able to withstand risks and their poor endowments caused by their younger age,lower education level and lack of workforce lead to insufficient future repayment capacity,Borrowing costs,borrowing costs,have a large impact on borrowing needs of farmers.b.Farmers in Qinling-Bashan Mountains have lower willingness to engage in productive activities.In Qinba Mountain area,the demand for living loans is the mainstay of rural households,and the demand for productive loans is second,and the borrowing behavior of farmers in this area is not affected by productive expenditure.Therefore,it is difficult for farmers themselves to maintain their original standard of living.Willing to improve lives by meeting the demand for productive lending.At the same time,as the livelihood of farmers shifts from agricultural production to migrant workers,the demand for productive lending will also decrease.Second,the credit rationing of rural financial institutions in Qinba Mountains is serious.Farmers in Qinba Mountain area have not become the service targets of formal financial institutions,mainly in the following aspects: a.The borrowing costs of formal financial institutions are too high.As can be seen from the index of borrowing rate,the higher the borrowing rate,the greater the availability of formal borrowing.That is,the formal financial institutions seek to maximize profits by raising the borrowing rate,thus restraining the farmers' regular borrowing demand in this area.b.higher financial institutions borrowing threshold.Formal financial institutions tend to lend to households with higher fixed asset families.However,the value of fixed assets of households in the Qinba Mountains is generally low,and their liquidity is poor and lack of collateral,resulting in credit rationing.c.Regular financial institutions have low bandwidth satisfaction rate.For reasons of risk return,formal financial institutions put credit rationing on the demand for living loans with the salvage characteristics and the productive lending needs with poverty alleviation features,thus enabling farmers to meet their borrowing needs through private lending and promoting private lending to become QinBa Mountain farmers main means of financing.Third,the lending behavior of peasants has an important impact on peasant household income.The formal lending is one of the effective ways for rural households to increase family income,while informal lending leads farmers into poverty trap.On the one hand,due to the difference of choice between the target groups,the formal financial institutions will mainly consider the repayment ability of farmers,that is,the income level,while the non-formal financial institutions will take more account of the social capital of peasants,that is,On the other hand,due to the scale of both lending and the use of loans by farmers,the regular financial institutions,due to their large scale of lending,have to meet the requirements of peasants' productive expenditure as As a result,the non-formal financial institutions,mainly because of their relatively small lending scale,mainly cover the consumer expenditures of peasants,resulting in an ever-increasing level of debt,which eventually leads to a decrease in the per capita net income of peasant households.At the same time,it is important to understand that due to the scarcity of funds that peasants often have in poor areas,such scarcity will lead to "short-sightedness" of farmers' expectations of family development.What followed was that the peasant households would rather choose to reduce the scarcity of funds for living consumption through private lending instead of choosing the scarce funds to meet the productive consumption through formal lending and thus could not raise their income level and the debt level kept increasing,Eventually trapped in poverty can not break free.The structure of this paper is as follows: the first chapter is an introduction,which mainly introduces the research background,purpose and significance of the article;The second chapter is the theoretical basis,including rural finance theory,peasant household economic theory and farmer behavior theory and other related theories of farmers' lending behavior,combing the domestic and foreign research frontier trends,and a certain review;The third chapter is the analysis of the basic characteristics of the farmers' lending behavior in Qinba Mountain area,and summarizes the basic characteristics of the farmers' lending behavior by descriptive statistical method.Chapter four is the empirical test of the choice of the farmers' lending behavior and the influencing factors in the Qinba Mountain area.The fifth chapter is the empirical study of the impact of farmers' borrowing behavior on their income in Qinba Mountain area,and the score of tendency to use.The matching method(PSM)is used to analyze the impact of different types of lending behavior on household income.The last chapter is the conclusion and policy recommendations.