Research On The Demand And Influencing Factors Of Formal Credit For Family Farms In Henan Province

In the context of implementing the strategy of rural revitalization,cultivating new agricultural business entities is an important way to achieve and develop agricultural modernization.Family farms occupy a large proportion of the main bodies of new agricultural operations.Therefore,family farms bear the burden of developing and realizing agricultural modernization.In essence,family farms are a new type of agricultural business with technology and capital as a whole.The capital of family farms is mainly based on productive demand funds,which is difficult to achieve through own funds.With the continuous expansion of family farms,funding has become a key issue that inhibits the development of family farms.Henan Province,as China's largest agricultural province,enjoys the reputation of being "the granary of China".In recent years,with the development of the national economic strategy,Henan Province has faced severe challenges in the process of transition to modern agriculture.Therefore,based on the research perspective of family farms,taking Henan Province as the research object,the research is carried out around the credit needs of family farms,the influencing factors affecting the formal credit needs of family farms are analyzed,and research conclusions and countermeasures are drawn to formulate credit policies for relevant departments provide ideas and countermeasure.Through field visits and questionnaire surveys,the in-depth understanding and investigation of the credit needs of family farms in Wen County,Henan Province were obtained,and first-hand survey data was obtained.Establish a relevant theoretical analysis framework for family farm credit demand,and analyze the internal mechanism of various factors.On the basis of descriptive analysis and correlation analysis of the survey data,binary logistic regression analysis was performed using Stata statistical analysis software,and the conclusions of the research were proposed and relevant countermeasures were proposed to meet the credit needs of family farm decision makers.Based on the above research,the main research conclusions are formed:(1)The willingness of family farm credit needs is very strong,but not fully satisfied;(2)theregression analysis of the logistic model is used to determine the education level and decision makers of the family farm Seven factors,including a good social background,operating scale,operating time,whether there is any expectation of expansion,annual average investment,and acceptance of interest rate levels,will have a significant impact on the credit needs of family farms in the coming year;(3)Pass The family farmers who are expected to expand their business scale are classified,and empirical research is carried out respectively.It is concluded that the factors affecting the credit needs of family farms with different operating characteristics are different.Finally,in order to improve and meet the credit needs of family farms,this article proposes the following countermeasures and suggestions: formulate differentiated financial products and services,strengthen financial policy support,meet credit needs,develop rural Internet finance to broaden financing channels and innovative financing models.