Farmers' Cognition And Risk Acceptance Impact On Farmland Mortgage Loan Behavior

With the continuous development of China's economy and the acceleration of the agriculturalization process in rural areas,the gap in investment demand for various agricultural production is also increasing,and farmers cannot obtain loans from financial institutions due to the reality of no effective collateral.This "difficult loan" problem has gradually become prominent and severely restricts the income of farmers in rural areas and the development of the regional economy.In order to solve this "difficult loan" problem caused by the lack of effective collateral,many policy guidelines have also been proposed at the national level to guide the innovation of financial products.The mortgage of land management rights in the reform of the land system is one of the important feasible measures.Since the introduction of the land management rights mortgage loan policy,the establishment of a pilot program nationwide will not only solve the problem of farmers having no effective collateral,but also promote the innovation of rural financial products,promote the development of agricultural industrialization,and promote the steady growth of the rural economy.Although China has carried out land mortgage financing pilot work in various regions and achieved some results,some constraints still exist in the process of land operation right mortgage financing.For example,farmers have insufficient access to mortgage information and asymmetric information.As a result,farmers cannot accurately judge the farmland mortgage policy and their willingness to participate varies.Therefore,the cognition of the main farmer households in the pilot should be used as the basis of the study,and the influencing factors that affect the farmer 's willingness and behavior to participate in the mortgage loan policy should be analyzed to provide corresponding reference for enhancing the farmer households 'enthusiasm and behavior response,and promoting the implementation of policies opinion.In recent years,Ningxia has made many models worthy of reference in the pilot promotion of land management rights.The "Pingluo Model" connects farmers,village committees,financial institutions,and land transfer service centers.Farmers can use the government to confirm the rights and issue certificates.The land contract operation right certificate to the financial institution to obtain loans not only helps to solve the problem of financing loans,but also provides a reasonable and effective financing channel to help rural economic development.This article takes the pilot of the land management right mortgage loan in Pingluo County,Shizuishan City,Ningxia Hui Autonomous Region as an example,starting with the realistic background of the article writing,summarizes the main research ideas and methods of mortgage loans by domestic and foreign scholars,and summarizes the results of existing research Drawbacks and deficiencies,sort out the basic ideas of the research,indicate the purpose,innovation and research value of this article,and define related concepts,such as: farmland management rights,farmland management rights mortgage loans,farmer cognition,and farmer behavior decision,Risk-bearing capacity,etc.,and then conduct basic analysis of farmer behavior theory and analysis of the local actual natural environment and policy situation in Pingluo County to study the driving factors for the implementation of local farmland mortgage loans,and give it from the perspective of policy and economic development The reasonableness of the implementation of the relevant mortgage policy,and at the same time summarize the existing problems.Secondly,a statistical analysis of the data of 432 households in Pingluo County was conducted,mainly descriptive statistical analysis of individual characteristics,mortgage cognition and micro-financial environment of farmers in Pingluo area,to understand the current farmer 's Views,then focus on farmers 'policy cognition,financial cognition and risk cognition,and farmers' own risk-bearing capacity.In addition,cross-analyze the individual characteristics and behavior intentions and responses of farmers,and based on statistical data to analyze mortgage willingness and behavior After making a preliminary judgment,finally by establishing the Heckprobit model,the individual responses of farmers 'individual cognition and risk-taking to their participation in mortgage loans are analyzed.Finally,the relevant results and suggestions are obtained through empirical evidence:(1)Farmer household cognition and risk tolerance have a significant positive effect on farmer's farmland mortgage willingness and behavior.Policy cognition and financial cognition at the cognitive level have an effect on farmer mortgage behavior There is a significant positive impact,financial perception and risk perception have a positive impact on farmers 'mortgage willingness;the risk-taking ability of middle-aged per capita income has a positive and significant impact on farmers' mortgage willingness and behavior,and the dependency ratio has a significant impact on mortgage behavior,No significant impact on willingness,income structure has no significant impact on farmers 'wishes and behaviors;(2)Land management area and education level in individual characteristicvariables have a significant impact on farmers' mortgage willingness and behaviors,and age has an effect on mortgage willingness Significant impact.The government's advocacy and financial institutions 'propaganda in the identification variables have a significant positive impact on farmers' willingness to participate in farmland mortgages and behavioral responses.