Research On The Factors Influencing The Financing Of Farmers’ Specialized Cooperatives

Farmer specialized cooperative refers to a mutual-aid economic organization of the nature of voluntary association and democratic management,which is based on rural household contract operation and has a specific organizational structure.Practice has shown that the establishment and development of specialized farmer cooperatives are not only conducive to improving the organizational degree of farmers,but also to raising farmers’ income and promoting the sustainable and healthy development of rural economy.In recent years,under the guidance of national and government policies and the support of financial subsidies,the development of China’s farmers’ professional cooperatives has entered an accelerated stage.According to the data released by the state administration for industry and commerce,as of December 2018,there are 2.193 million specialized farmer cooperatives nationwide,with more than 100 million registered farmers.However,difficulties in financing and high cost of financing have been restricting the business expansion and scale expansion of cooperatives,which have been highly valued by all parties.First of all,based on the theory of agricultural credit subsidies,supply chain finance theory and financial theory such as asymmetric information theory as the basis,using questionnaire and on-the-spot investigation visit,in-depth visited Huangshan tunxi district and Xiuning county farmers’ professional co-operatives with supply and marketing cooperative and distribute 160 copies of questionnaires,analysis from several aspects of Huangshan city farmers’ professional cooperative financing present situation and existing problems.Secondly,based on the research results of existing literatures,10 factors that may affect the financing of farmers’ professional cooperatives in Huangshan city were summarized.The Logistic regression analysis was conducted on whether the cooperatives with two explained variables received external financing and internal financing with the help of Stata12.0 software.Concluded that the scale of fixed assets,if there’s any limits or guarantee,cultural degree,if there is a perfect financial system,credit rating and the degree of financial institutions with six factors on cooperatives has remarkable effect on access to external finance,member’s enthusiasm and the collective consciousness,credit rating,if there is a perfect financial system,fixed assets,and set up time and so on five factors have significant effects on cooperatives to obtain the internal financing,credit rating,if there isa perfect financial system and the scale of fixed assets of the three has a significant effect on both being explained variable.Finally,the article according to the result of empirical analysis and investigation on suggestions to consummate the farmers’ professional cooperatives credit system,strengthen internal management and cooperative financial system construction,improve financial subsidies to support government,to set up the agricultural supply chain,popularization of rural financial system internet financial and play a role of financial institutions to support cooperative policy suggestions,in order to contribute to the orderly healthy operation of Huangshan city farmers’ professional co-operatives,better resolve the difficult problem of financing in rural areas,and promote the agricultural development of Huangshan city.