The Study On The Influence Of Rural Household Assets On Farmers' Lending Behavior

The "three rural" issue is an important issue that our party has to solve in relation to the process of rural revitalization.Rural revitalization,agricultural modernization,and the activeness of farmers are related to the development of the country's modernization.Judging from the actual situation,the “three rural issues” are at an important juncture of transformation and development.The development of farmers 'production and operation activities is inseparable from financial support,and formal financial institutions have assumed this responsibility.However,the development of rural formal finance in China has been lagging for a long time,and the information asymmetry between the financial supply and demand sides is serious.Because of the single financing method and the small amount of collateral,farmers' loan demand is often not met,and the supply and demand of rural credit funds are unbalanced.Judging from the actual situation,with the successive implementation of the reform of the separation of the three powers of the land and the mortgage policy of rural housing property rights,the financial value of some household assets of farmers has been discovered.This enriches farmers 'financing guarantee methods and provides new ideas for satisfying farmers' diversified financing needs.With the development of the economy,the degree of differentiation of farmers 'households has increased,and there are many types of household assets with high development potential.It is necessary to study whether the structure and number of household assets have an impact on the formal lending behavior of farmers.Based on the summary of previous research results,this paper defines the concepts of household,household assets and household lending behavior,and makes a theoretical analysis of how household assets affect household lending behavior.After that,this paper selects the survey data of farmers in Pingluo County of Ningxia Hui Autonomous Region,describes the basic characteristics of farmers,analyzes the interaction between the family assets and the formal lending behavior,and finds that the average value of all kinds of family assets of farmers with the formal lending behavior is higher than that of farmers without the formal lending behavior,which indicates that the increase of the family assets value of farmers encourages farmers to participate in the positive Then,the paper proposes the research hypothesis.After that,this paper selects six types of variables as the core research object,which are land,housing,finance,animal husbandry,agricultural fixed assets and durable consumer goods,and uses Logit model and Tobit model to study the availability and scale of formal lending of farmers.The results show that: housing,agricultural fixed assets and durable consumer goods have a significant positive effect on the formal loan availability and loan scale of farmers;land assets reduce the formal loan availability and loan amount of farmers,but the effect is weak;financial assets and animal husbandry assets negatively affect the formal loan availability and loan scale of farmers;age is the most significant control variable Young farmers are more favored by formal finance than old ones;the larger the family size,the lighter the burden of support,the higher the level of productive investment,the more social relations,and the higher the possibility of farmers' borrowing.Therefore,this paper puts forward the following suggestions: for farmers,we should reasonably allocate family assets to avoid risks and enrich production strategies;for financial institutions,we should actively respond to policies,expand the scope of collateral,and set up a risk sharing mechanism;for the government,we should first speed up the process of confirming all kinds of assets of farmers,improve farmers' awareness of confirming rights,and improve asset evaluation Laws and regulations,followed by regulating the development of formal financial institutions in rural areas,improve the risk prevention mechanism of mortgage and credit risk prevention mechanism.