Study On The Influence Of Financial Subsidy On Farmers’ Forestry Investment

How to improve the enthusiasm of farmers in forestry management and the level of forestry productivity in collective forest areas is not only related to the national ecological security and the improvement of farmers’ livelihood,but also related to the problems of intensive forestry management and sustainable development in collective forest areas.However,on the one hand,there are problems such as low productivity and weak anti-risk ability of forest land in collective forest area for a long time.On the other hand,with the approach of "Lewis inflection point",the prices of local labor and non-agricultural labor in rural areas have increased significantly,and farmers have to face higher opportunity cost of forest management.For deepening the reform of forest right,consolidate and share Lin Gaicheng fruit bonus,incentive of forest production enthusiasm,in the area of counterpoising truly basically completed,since 2009,successively launched subsidies forestation,forest tending,corresponding measures and a series of collective forest right system reform by 2018 cumulative arranged 86.027 billion yuan forestry subsidies by the central government.Then,forestry financial subsidy as an important part of the central fiscal expenditure,how is its policy effect?From the perspective of squeeze in and squeeze out effect of fiscal expenditure,is there squeeze in effect or squeeze out effect?Under the background of rising labor cost,how does the influence of forestry financial subsidy on farmers’forestry investment and its structure change?Further research and discussion are still needed.Of this study is to review and combed the research status at home and abroad,on the basis of the economic development research center of the state bureau of forestry and grassland,18 counties and cities of 1277 samples of 9 provinces from 2007 to 2015 in 2003,long-term fixed point tracking balance panel data,based on the fiscal subsidies into and crowding out Angle of view and the theory of induced technological change,analysis of forestry fiscal subsidies to farmers of forestry investment and the impact of capital structure,on this basis,the further introduction of interaction model to estimate the labor cost,forestry labor regulation effect.According to the empirical test results,this paper draws the following four conclusions:(1)The financial subsidy of forestry has a significant crowding-in effect on the sample farmers’ forestry investment,labor-saving capital and production-increasing capital,and the marginal impact coefficients are 0.678,0.517 and 0.413,respectively.(2)The rise of labor costs strengthens the crowding in effect of forestry financial subsidies on forestry investment in general,but there are structural differences.(3)The relationship between forestry labor force and forestry investment is generally complementary,which is structurally substituted with labor-saving capital and structurally complementary with increasing production capital.(4)The structural substitution of labor-saving capital and forestry labor intensifies the crowding-in effect of forestry financial subsidies,while the structural complementarity of increasing production capital and forestry labor weakens the crowding-in effect of forestry financial subsidies.(5)There are significant differences in the impact of forestry financial subsidies on farmers’ forestry investment and its structure in different provinces.This study finally put forward:First,strengthen the top-level design,improve the subsidy standard,continue to promote the implementation of forestry financial subsidy policy;Second,implement differentiated subsidies according to local conditions to meet the diversified policy needs of farmers;Third,we will strengthen the publicity of the forestry financial subsidy policy and let more forest operators participate in it.