Financing Behavior Of Farmers In Different Land Scale

Rural finance is the basic economic factor and internal motivation to support agricultural development.However,under the background of the increasingly diversified economic behavior of farmers and the urgent demand for rural finance,China has problems such as narrow rural financial coverage,low financial supply efficiency and unbalanced financial resources allocation,which has made farmers “difficult to finance”.At the same time,the financing needs of farmers in different land scales are diverse,the scale and motivation of financing needs are different as well.Therefore,it is vital to analyze the differences in financing behaviors of farmers of different scales,explore mechanisms that affect finance availability for farmers of different scales,and improve the financing level and production capacity of farmers in different scales,which could contribute to classified management of farmers,alleviate farmers' financing constraints and promote the healthy development of rural economy.On the basis of reading relevant literatures,this paper takes the farmers of different land scales as the research unit,takes the financing behavior of farmers as the research object,and constructs a research theoretical analysis framework of financing behavior of different land scales farmers.Based on the survey data of Shaanxi farmers,the paper use the multi-ordered Logit model and Double-Hurdle model to analyze the financing behavior of farmers in different land scales.The finds are as follows:1.Single financing channel is difficult to meet the diversified financing needs of farmers,Financing is mainly used for basic living consumption,financing behavior of farmers has the characteristics of small financing amount,high frequency and diverse financing channels.(1)Larger-scale farmers have the least number of financing,but the financing amount is larger than that of small and medium-sized farmers;(2)Smaller-scale farmers prefer to finance through informal financing channels,large and medium-sized farmers prefer to finance through rural credit cooperatives and rural banks;(3)Smaller farmers have the largest proportion of basic living consumption?education and medical expenses,medium-sized farmers are mainly used for non-agricultural productive,while large-scale farmers have the largest proportion in agricultural production.2.Farmers' financing perceptions are generally poor,the factors affecting the financing of farmers in different land sizes are different.(1)The smaller-scale farmers evaluate the degree of difficulty in financing is higher,which have higher school education and a wide range of social networks;(2)Age effects medium-sized farmers' financing cognition describes inverted “U” shape patter,the inflection point is 60,farmers with junior high school education have low evaluation,farmers with higher household per capita income have higher evaluation;(3)Large-scale farmers with less value of household durable goods think that financing is easier.3.The number?extent and direction of the same set of characteristic variables have different impacts on farmers' financing decisions and scale.(1)The financing decisions of smaller-scale farmers are mainly influenced by the marital status of farmers?the degree of education?marketization degree of the villages and the famers' policy cognitions.The degree of financing is significantly affected by the gender,family size,asset stock and policy cognitions;(2)The financing decisions of medium-sized farmers are obviously affected by the size of family ?marketization degree of the village?social participation and policy cognition,only the head of households' age significantly affects the degree of financing;(3)The financing decisions of larger farmers are affected by the size of family?marketization degree of the village?social participation and convenience cognition.The degree of financing depends on the age of the household?the size of family?the proportion of non-agricultural labor?traffic situation of the village and social relationship;(4)Policy cognition significantly affects two stages of financing behavior of smaller-scale farmers,and family size significantly affects two stages of large-scale farmer's financing behavior.Based on research conclusions,some policy implications are suggested,such as to enrich farmers' social capital?to improve household income and financial cognition?to develop diversified financing channels?to improve financial service level and supply efficiency as well.