Research On The Problems And Strategies Of Government-led Agricultural Land Management Right Mortgage

Rural finance is the important material basis to ensure the orderly development of modern agriculture.With China's economy entering the new normal,the transformation and upgrading of the agricultural and rural economic development mode,the adjustment of agricultural production structure,and the improvement of the scale of operation,put forward higher requirements for improving the rural investment and financing environment.However,the problem with lack of funding in rural areas of China at the present stag has not been effectively solved.Due to insufficient collateral and other factors,it's difficult to get loans from formal financial institutions for agricultural management,and agricultural production has encountered funding bottlenecks.With the development of rural reform,rural management right has been endowed with mortgage and security rights,rural land property rights mortgage financing methods and tools have been continuously innovated,and the property attributes of rural land have gradually been activated.Since the pilot work of farmland mortgage loans was carried out in Cangxi County in 2015,the loan has achieved remarkable achievement and the availability of farmer financing has improved.However,because of the constraints of geographical environment and agricultural production conditions,the development momentum of the farmland mortgage loan policy in Cangxi area was insufficient.How to maintain the first-mover advantage,broaden the development path,and increase the development momentum has become an urgent problem to be solved at the current stage.Based on the summarize of research finding about farmland mortgage loans at home and abroad,this study takes mortgage loan led by the Cangxi County government in Sichuan as the research object,and relies on the land loan theory,land rent theory,financial restraint theory and institutional change theory,conducts comprehensive analysis around the central task of sustainable healthy operation of loans.Firstly,through the qualitative analysis method and case analysis,the study summarized the government-led agricultural land mortgage loan operation situation and character,clear effectiveness of the loan.Secondly,this work constructed an evaluation index system that affects farmers' willingness to load,and analyze the key factors affecting the operation of government-led farmland mortgage loan with Probit model,in order to further analyze the problems in the operation process of farmland mortgage loan.Thirdly,according to the analysis results of the current operation status of farmland mortgage loan and the willingness of farmers' loans under the existing guidance of the government of Cangxi,the problems existing in the operation of the current loan were found,and put forward the countermeasures for optimizing the mortgage loan of agricultural land.The study found that the individual characteristics(sex of the loan demander,education level,loan awareness),family characteristics(arable land area,family annual income,bank loan experience),social capital(whether members of the cooperative,village officials,whether there are relatives or friends working in the bank),and the financial environment such as the number of financial institutions will affect the operation of farmland mortgage loans.In the actual operation of the Cangxi government-led farmland mortgage loan,there are many problems such as ordinary farmers' loan demand is not prosperous,excessive government burden,market activity is weak,poor collateral disposal channels,and imperfect loan risk management.Address these limitations,combined with the actual situation of Cangxi country,the countermeasures for improving the mortgage loan of the farmland are put forward,including activation the credit demand of the market entity,optimize government function allocation,provide accurate rural financial services,perfect the collateral disposal mechanism,and improve the loan risk prevention and control system,to ensure farmland mortgage loan in Cangxi country maintain the first-mover advantage and continue to increase the development momentum.