Research On The Factors Influencing The Formal Credit Demand And Credit Availability Of Entrepreneurial Farmers

China is a large agricultural country.The development of the rural economy have an irreplaceable role in the sustainable and healthy development of the national economy.The implementation of the rural revitalization strategy will rely on tens of thousands of peasant households to start a second venture in the agricultural and rural areas,and upgrade the new agricultural business through the reorganization of agricultural elements to achieve the scale of agricultural operations,the integration of agricultural industries,and the diversification of agricultural benefits development of.However,for a long time,China's rural financial market has been affected by the lagging rural economic development,the dual urban-rural financial system,and financial restraint policies,which has led to insufficient rural credit demand and poor credit availability.In the current process of promoting rural rejuvenation,a lot of capital needs will inevitably be generated,which requires formal financial institutions to play an important supporting role to meet the credit needs of entrepreneurial farmers and improve the credit availability of entrepreneurial farmers.However,in fact,in the current strategy for promoting rural rejuvenation,compared with farmers whose industries are in the mature stage,a large number of entrepreneurial farmers still have insufficient credit demand and poor credit availability.So what factors determine the credit demand and credit availability of entrepreneurial farmers in the context of rural revitalization? How to increase the effective credit demand and credit availability of entrepreneurial farmers? It is a major realistic topic that requires in-depth investigation and research.This is the origin of this article.This article takes entrepreneurial farmers in Chongqing as a survey sample.First of all,it analyzes the externalities of farmers 'entrepreneurship from three aspects: economic,geographical,and rural revitalization policy background.Environment,according to the survey data from 320 entrepreneurial farmers in 10 districts and counties of Chongqing,statistical analysis was made from the basic characteristics of farmers,industrial operation,financial characteristics,and policy support to understand the basic situation of entrepreneurship;The status and characteristics of entrepreneurial farmers 'formal credit demand and credit availability.Finally,a probit model was used to conduct an empirical analysis of the factors affecting entrepreneurial farmers' formal credit demand and credit availability.The results show that among the personal characteristics of entrepreneurial farmers,their age and cultural level have a significant positive impact on their credit availability;among the characteristic variables of industrial management of entrepreneurial farmers,the type of business operations,the annual income of the industry,and the land management Scale has a significant positive impact on formal credit demand;operating net assets have a significant negative impact on the formal credit needs of entrepreneurial farmers;the type of business,annual income and net operating assets of entrepreneurial farmers have a significant positive impact on credit availability Impact;Among the financial characteristics of entrepreneurial farmers,having a mortgage guarantee has a significant positive impact on credit availability,and the amount of capital required has a significant negative impact on credit availability;among policy support environmental characteristic variables,it is subject to government policy Support has a significant positive impact on both formal credit demand and credit availability.Finally,on the basis of empirical research,the thesis believes that in order to alleviate the credit financing difficulties of entrepreneurial farmers in rural rejuvenation,we need to start from the following aspects: First,strengthen the comprehensive management capabilities of entrepreneurial farmers.At the level of entrepreneurial farmers' own quality,including strengthening the management quality,skills education and financial knowledge education of entrepreneurial farmers;at the industrial management level of entrepreneurial farmers,including scientifically selecting entrepreneurial projects under the guidance of relevant government departments,and expanding the scope of entrepreneurial options Strengthen the construction of financial informatization in industrial operation management.The second is to improve the service mechanism of financial institutions,including the use of financial technology to innovate digital credit products,optimize rural financial service processes,actively implement rural property mortgage loan services,and explore financial risk management and control models that conform to rural characteristics.The third is to optimize the policy support environment,including the establishment of a stable budget for farmers' entrepreneurial credit risk loss compensation funds and the improvement of financial institutions' services to rural entrepreneurial farmers' assessment and supervision mechanisms.