Study On The Impact Of Agricultural Land Transfer On Agricultural Capital Allocation Efficiency

China's central government has focused on the issue of "agriculture,countryside and farmers" for ten consecutive central documents.The report of the 16 th National Congress points out that the reform of rural land system plays a key role in promoting the development of rural areas.The circulation of agricultural land has become the key word of the relevant red-headed documents,and gradually rises to the era proposition of rural economic development.Agricultural Land Transfer promotes the popularization and application of agricultural modernization technology,speeds up the operation efficiency of agricultural means of production on land per unit area.The transfer of farmland can enable farmers to obtain stable rent income and promote the transfer of surplus rural labor to non-agricultural industries,taking into account the function of optimizing employment structure.Capital accumulation and capital investment are important driving forces of economic development.The efficiency of capital allocation determines the future of industrial development.To upgrade the traditional agriculture,we need to reform its production mode and allocation mode,and the core is to improve the allocation efficiency of elements.The improvement of capital allocation efficiency refers to the unimpeded high-speed flow of capital among industries and regions under a certain total amount of capital,which promotes the long-term sustainable economic growth of high-efficient capital in this industry and sector.The process of agricultural land transfer is not only the process of agricultural land capitalization,but also an important way to promote the re-allocation and reuse of resources.The sustainable development of agriculture can be realized by formulating reasonable and effective farmland transfer system to allocate capital elements efficiently.The empirical part of the full text is divided into macro and micro parts.In the empirical process of macro data,based on the scale and proportion of agricultural land transfer,the paper analyses the impact of agricultural land transfer on the efficiency of agricultural capital allocation.The fixed effect model is used for multiple regression to find the impact of agricultural land transfer on the two core indicators.It is found that the transfer of agricultural land has a positive relationship with the increase of agricultural capital and the allocation efficiency of agricultural capital lagging behind the first stage.The circulation of agricultural land promotes the continuous deepening of agricultural capital.In the empirical process of microdata,the logit model is used to regression the efficiency of agricultural capital allocation.The study finds that the impact of land rent on the efficiency of agricultural capital allocation is more relevant than that of land rent.Compared with non-transferringr,the transfer households have higher efficiency of agricultural capital allocation.Therefore,through the top-level system design,optimizing the governance structure of farmland transfer and protecting the interests of new business entities,the linkage of Agricultural Land Transfer effect can be realized.