Heterogeneity Of Social Capital And Restructuring Of Farmer's Financing Channel

The first document of the central focus on "three dimensional rural issues","three dimensinal rural issues" has been the priority among priorities of the country,but the current rural C hina is still at a low level of economic development,rural financial market development is not perfect,immature,especially in rural finance is difficult to restrict the rural economic development weakness.The rural formal finance in C hina is far from satisfying the needs of peasant households,and there are disadvantages in borrowing quantity and borrowing opportunities,so it is important to explore a new method of farmer financing.Based on the current situation of rural lending,this paper probes into the influence of social capital on Farmer's financing channel from the viewpoint of social capital,how to weigh the balance between the traditional social capital and the modern social capital,and the choice of the different levels of social capital to the farmer's financing channel and contractual form.It is of great practical significance to alleviate farmer's financing predicament and optimize the financing behavior of peasant households.Based on the theory of peasant household's social capital,combining the current situation of peasant household financing in C hina,the paper analyzes the social capital into the farmer's financing channel,using binary logistic and multivariate logistic model to analyze the influence of social capital as collateral on farmer's financing channel and contract form,and farmers have different levels of social capital to farmers financing channels and contractual forms of choice,and then determine the different levels of social capital to farmers financing mechanism.The research results show that as a kind of invisible collateral,social capital can make the farmer obtain the loan availability,and analyze the effect of social capital on farmer's financing channel and the different level of social capital to the farmer's financing availability,so as to determine the influence of the social capital on the farmer's financing channel at all levels.The conclusion is that the high mortgage requirement of formal financial institutions reduces the availability of farmer's loan,and the shortage of farmer's funds is not eased.Social capital can alleviate farmer's financing predicament,peasant households who have different levels of social capital has important influence on the availability of farmer's financing,farmers with structured social capital tend to finance informal financial institutions,and farmers have cognitive social capital more readily available to formal financial institutions.O n the one hand this shows that farmers foster a new social capital conducive to alleviating the credit constraints of farmers,on the other hand also illustrates that social capital play a role in mortgage from the formal financial institutions.Finally,from the social capital farmers,the government and the relevant financial institutions to improve the financing capacity of farmers and financing opportunities proposed.