Research On The Factors Affecting The Availability Of Farmers' Professional Cooperatives' Credit Financing

With the development of the rural revitalization strategy and the agricultural modernization,the agricultural production mode has changed,and industrialization,scale and efficiency have become an important direction to promote agricultural reform and development.As a new type of agricultural management,farmers' professional cooperatives have great potential to promote retail,docking enterprises and connect the market in promoting the large-scale development of agriculture,which has attracted more and more people's attention.In 2017,the Law of the People's Republic of China on Farmers' Professional Cooperatives made an innovative revision of the cooperative system.In 2018,the No.1 Document of the Central Government focused on the issue of “agriculture,rural areas and farmers” again and emphasized the importance of cultivating various forms of new business entities.Under the strong support and guidance of national policies,the number of farmers' professional cooperatives in China has developed rapidly and the demand for funds has increased day by day.However,the credit financing needs of farmers' professional cooperatives are difficult to be met,which has increasingly restricted the growth of cooperatives and the development of rural economies.Therefore,exploring the availability of credit financing for farmers' professional cooperatives and its influencing factors has certain practical significance for further strengthening the financial support of cooperatives and ensuring their healthy development.Based on this,this paper analyzes the development status and existing problems of farmers' professional cooperative financing with the development theory of transaction cost theory,priority order financing theory,credit rationing theory,agricultural credit subsidy theory and relational loan theory.Based on the field research data of 156 cooperatives in Henan Province and Shaanxi Province,this paper analyzes the characteristics of the survey sample credit financing of farmers' professional cooperatives from the aspects of basic characteristics of cooperatives,financial status of cooperatives,cooperative lending,risk control and government support policies.The Logit model analyzes the influencing factors and the extent of the credit financing availability of farmers' cooperative cooperatives,and then uses the ISM analysis method to analyze the intrinsic relationship between the significant influencing factors of the credit financing of farmers' professional cooperatives,and finally proposes relevant countermeasures.Trough empirical research,several conclusions are drawn:(1)Bank credit is still the main channel for cooperative financing,and has strong dependence,but the degree of credit availability is generally low.(2)Cooperatives that achieve integration of production,supply and marketing,large scale of assets,no unliquidated liabilities,awareness of correct default attitudes,and government subsidy policies show a high degree of credit availability.(3)The profitability of the cooperative,whether the pest or disease control measures are in place,the product market risk,and whether the loan interest subsidy policy affects the availability of credit financing to a certain extent.(4)Whether government subsidy policies such as government subsidy policies and whether or not to enjoy loan interest subsidy policies have an indispensable impact on cooperatives' access to credit funds.Based on these conclusions,it proposes to improve the profitability and credit rating of cooperatives,actively explore new modes of cooperative financing,continue to promote the construction of rural credit system,increase government support for cooperatives,adopt differentiated financial support models,and deepen product innovation and broaden.Countermeasures for improving the availability of credit financing for farmers' professional cooperatives in the field of financial services.