Research On Farmer's Borrowing Behavior From The Perspective Of Social Capital

The issue of agriculture,rural areas and farmers was the "top priority" in the early years of reform and opening up.For a long time,rural areas have been the places where financial services are most lacking.The insufficient financial supply will directly hinder the growth of farmers' income and seriously affect the development of agriculture and rural areas.Among them,peasant household borrowing and lending has always been the core and difficult problem of rural finance.Therefore,it is of great significance to study the characteristics and influencing factors of peasant household borrowing and lending behavior.Rural China is also a typical human society built on the basis of consanguinity,kinship and geography.The social network relations owned by peasant households themselves have huge potential value,and social capital plays an extremely important role in the borrowing and lending process of peasant households.Therefore,from the perspective of social capital,this paper not only has theoretical significance,but also has far-reaching practical significance to study the influencing factors of farmers' borrowing behaviors.To be specific,it not only complements the existing literature to study the lack of rural household borrowing at the micro level,but also responds to the call of the no.1 central document in 2018 to complete the rural financial weakness board.Therefore,based on the rural dual financial structure,this paper explores the specific impact of different types of social capital on rural households' borrowing behaviors and borrowing channels from the perspective of farmers.The research content of this paper mainly includes the following parts: firstly,it introduces the background and research significance of this paper,and specifically summarizes the corresponding research content,structure,thinking method and technical route;Then,it summarizes the theoretical basis related to peasant household borrowing,including: rural lending market,peasant household borrowing behavior and peasant household social capital,etc.Then descriptive statistical analysis is performed on the data samples of qichun field survey,mainly including the basic situation of sample farmers,their social capital characteristics and lending characteristics;Finally,it enters the stage of empirical research and brings the individual characteristic variables of farmers and the related variables of social capital into the logit model,combining the two models to comprehensively analyze the borrowing behavior of farmers.Specific empirical analysis,the impact of social capital on rural household lending behavior and the impact of formal lending and informal lending channels.The results showed that among the social capital variables,political status and total human favor expenditure significantly affected the borrowing behavior of farmers.The family members working in enterprises had a significant influence on the borrowing behavior of farmers and the choice of formal borrowing,while the influence of the number of visitors,village posts,agricultural cooperatives and neighborhood relationship was not statistically significant.Among the characteristic variables of peasant households and families,income has a significant influence on peasant households' borrowing behavior and their formal borrowing choice.The degree of education and the total number of production machinery only have a significant influence on the formal borrowing choice of peasant households,but the influence of age and housing area is not significant.Social capital plays an important role in solving the problem of farmers' difficulty in borrowing money,which has positive theoretical guidance and practical value for cultivating localized rural financial forces and expanding the path of rural financial reform.Based on the above analysis and conclusion,this paper puts forward relevant policy Suggestions on how to meet the loan behavior of rural households from the perspective of both the supply and demand of rural households' loan.Second,to improve the education level of farmers;Third,enhance the repayment ability of farmers;Fourth,build the information platform for farmers;Fifth,explore the rural asset mortgage market;Sixth,build a rural social security system.Through these feasible financial countermeasures,it is expected to better meet the loan needs of farmers,improve the rural credit market,improve the rural financial system,so as to achieve the grand goal of the rural revitalization strategy.