A Survey On The Financing Behavior Of Farmers In Cangnan County

Farmers' financing activities are one of the components of rural finance.For a long time,the difficulty of farmers' financing has restricted the rural economy development and the increase of farmers' income.In order to grasp the current situation of farmers' financing activities in Cangnan County in time,this paper investigates the financing behavior of farmers in Cangnan County in order to clarify the characteristics and influencing factors of farmers' financing behavior in this area.The research on the financing behavior of farmers can not only reflect the actual situation of rural finance in Cangnan County and provide the basis for the future rural financial reform,but also help to improve and solve the problem of information asymmetry between supply and demand in the rural financial market,and then help the local government to formulate the rural financial policy scientifically and pertinently,and guide the farmers to conduct the financing behavior reasonably.In addition,by summarizing the financial market measures and the financing characteristics of farmers in the areas with developed economy and excellent financial environment,it can also provide reference for other areas to carry out rural financial reform.Based on the study of many related researches at home and abroad,this paper takes Cangnan County as the research target in contrast with the financing needs of farmers and relevant basic theories,this paper focuses on the investigation of the financing behavior of farmers in five towns of Cangnan County,including Lingxi Town,Qianku Town,Qiaodun Town,Jinxiang town and Mazhan town.It also describes the basic situation of farmers' families,income sources,financing amount and financing direction.After understanding the basic situation,we use logistic model to make regression analysis to explore the factors that affect the financing behavior of farmers.Finally,this paper summarizes the research results and puts forward feasible policy recommendations.The research results are as follows:(1)Cangnan County farmers tend to finance through formal financial channels.(2)The source of family income,familiarization with village and town cadres,the number of family labor force and the educational level of the head of household are the key factors affecting the financing behavior of farmers.Among them,the source of household income,the number of household labor force and the educational level of the head of household are all positively related to the financing behavior of farmers.(3)The source of household income,the education level of the head of household and the understanding of the loan process of formal financial institutions are the decisive factors that affect the choice of financing channels.All of them are positively related to the choice of financing channels,that is,the higher the proportion of non-agricultural income in the household income source,the higher the education level of the head of household,and the more farmers understand the loan process of formal financial institutions,the more they tend to use formal financial channels for financing.(4)Household income source,loan channel and loan scale are the important factors that affect the financing use of farmers.Three factors are positively related to the financing use of farmers,that is,the higher the proportion of non-agricultural income in the family income source,the more likely the farmers are to use formal financial financing and the larger the scale of borrowing,the more likely they are to use the financing for non-agricultural production.Finally,according to the conclusion of this study and the actual situation of Cangnan County,five suggestions are put forward,respectively:(1)Continue to strengthen the construction of rural credit system.(2)Continue to improve the platform for dealing with rural property rights.(3)Design credit products according to the needs of farmers.(4)Continue to promote education and financial knowledge among farmers.(5)Continue to strengthen supervision and guidance of private finance.