Research On The Positive Effect Of Agricultural Insurance On Agricultural Credit And Regional Differentiation

The difficulty of agricultural loan is a problem that restricts the high-quality development of agriculture.Due to the complex risks of agricultural production and operation and the limited amount of pledged assets available to farmers,credit institutions are often reluctant to provide agricultural loan services to farmers.In order to solve the problem of difficult agricultural loans,the state has put forward an interactive bank-insurance cooperation model to encourage farmers to participate in agricultural insurance,so as to stabilize agricultural income and reduce the probability of credit risks.Theoretically,there are internal and external synergies between agricultural insurance and agricultural credit,which can reduce information asymmetry in rural financial market and promote common development.However,there are differences on the interaction between agricultural insurance and agricultural credit.Through the analysis of the literature,it is found that the existing studies imply the regional consistency hypothesis,that is,the consistency of agricultural production and economic environment in the sample is assumed,so the relationship between agricultural insurance and agricultural credit is not discussed in depth in terms of regional differences.From this point of view,the difference of samples in different studies is an important reason for the difference of conclusions.Based on the consideration of regional differences,this paper takes Shandong province with high agricultural development level and complex industrial structure as an example to carry out the research.The research content is divided into seven chapters.The first four chapters analyze the current situation of agricultural insurance and agricultural credit development in Shandong province from two aspects of practice and theory,as well as the influence of agricultural insurance on agricultural credit;Fifth,six chapters from the agricultural economic development,regional financial environment,policy environment,the selection of 17 cities in Shandong province from 2014 to 2017,agricultural credit and agricultural insurance for rural residents per capita disposable income,financial institutions deposit scale variable data such as workers constitute a panel data,from the integrity level build multivariate linear regression model,empirical research on the influence of agricultural insurance of agricultural credit;According to the development level of agriculture and the development level of financial institutions,the regional index system of agricultural and financial development level in Shandong province was constructed,and the influence of agricultural insurance on agricultural credit was empirically analyzed by using the systematic clustering method and multiple linear regression model;Chapter seven is the conclusion and prospect.The results show that,in Shandong province as a whole,the premium income and compensation expenditure of agricultural insurance have a positive promoting effect on agricultural credit,and the promoting effect of increasing the premium income is more obvious.However,from the perspective of regional differentiation,the influence of agricultural insurance on agricultural credit is significantly different in regions with different levels of agricultural development.In regions with a low level of agricultural development and a high level of financial development,agricultural insurance and agricultural credit tend to show mutual substitution effect,and the expansion of agricultural insurance scale will inhibit the development of agricultural credit.In regions with a high level of agricultural development and a low level of financial development,the two tend to show a synergistic effect.Agricultural insurance is used as a substitute for mortgage guarantee and plays the role of credit enhancement.The reason lies in the fact that agricultural insurance can't meet the diversified needs,the operation problem is prominent,and there is no formal cooperation and association mechanism between agricultural credit,so the author puts forward some Suggestions on strengthening the product design of characteristic regions,improving the rural financial environment,and building a rigorous and perfect internal and external supervision mechanism.