Innovative Scheme Design For Mortgaging Assets Of New Agricultural Business Entities

This paper is about the innovative design of a new type of agricultural business entity mortgage asset to break the financing constraints of the new type of agricultural business entity.Based on the policy background of agricultural modernization construction and the reality of low participation rate of agricultural insurance,high credit risk of commercial banks,and difficulty in obtaining loans from agricultural operators,the main issues studied in this paper are: firstly,does the new agricultural operating entity have financing constraints? Secondly,can adding insurance to agricultural credit improve the loan availability of new agricultural business entities? How to design a credit plan to break mortgage constraints? Based on the above research questions,this article draws on the relevant theories of predecessors,uses survey questionnaire method and case analysis method to conduct research and analysis on the above issues,and designs an innovative plan for multi-agent collaboration of mortgage assets based on the research conclusions.The research approach is to first examine the credit supply and demand situation of the sample new agricultural business entities through a survey questionnaire,determine whether they are subject to financing constraints,and further analyze the reasons for their financing constraints;Then,select a typical case of the "agricultural insurance+credit" credit enhancement model to deeply explore the credit enhancement role of agricultural insurance in agricultural credit;Finally,based on the previous research conclusions,design an innovative plan for mortgage assets to alleviate the financing constraints of new agricultural business entities,and conduct feasibility analysis from multiple aspects such as policies,mechanisms,and applications.After conducting scientific and detailed research and analysis on the above issues,this article mainly draws the following research conclusions:(1)The current agricultural support plan cannot meet the funding needs of new agricultural business entities,and there are financing constraints.(2)Agricultural insurance has a relieving effect on the financing constraints of agricultural business entities.(3)This paper puts forward an innovative scheme for mortgage assets: first,the agricultural insurance agency and the risk compensation fund provide financial support for the overall risk sharing and compensation of the scheme;Secondly,by incorporating agricultural insurance with the sharing of natural risks in agricultural production and price risks in agricultural product sales,as well as guarantee insurance with credit risk transfer functions,we can reduce the production and sales risks of agricultural operators and commercial bank credit risks while utilizing insurance policies to achieve credit mortgage substitution;Then,join the agricultural industry chain enterprises,use the information flow of the agricultural industry supply chain to reduce the information asymmetry between the credit parties,and use the leading enterprise credit to increase the credit of the industry chain enterprises;Finally,by designing closed-loop fund management models such as policy financing,warehouse receipt financing,and receivable loan financing,we can further reduce credit risks,increase commercial banks’ willingness to lend,break supply oriented credit constraints,and improve the efficiency of financial support for agriculture.The innovation plan for mortgaged assets is divided into a sub chain loan series product and a full chain loan series product based on the production process and the completeness of the agricultural industry chain.The sub chain loan series product includes a "policy financing+order financing" model order loan in the production process,a "policy financing+warehouse receipt financing" model warehouse receipt loan in the circulation process,and a "policy financing+accounts receivable financing" model accounts receivable loan series product in the sales process,Under the conditions of a complete industrial chain,full chain loans are linked to a series of sub chain loans,and on this basis,explicit factoring business is added.The innovative plan for mortgaged assets conforms to the policy direction of national financial support for agriculture,and meets the requirements of effective resource allocation,information effectiveness,and incentive integration in economic mechanism design.Existing innovative credit products provide empirical support for the innovative plan for mortgaged assets.The innovative plan for mortgaged assets designed in this article has strong feasibility.Based on the innovative plan for mortgage assets designed in this article,policy recommendations are proposed to increase support for agricultural insurance policies,accelerate the construction of diversified rural financial systems,and strengthen the construction of rural financial ecological environment mechanisms.