Study On The Mechanism Of Agricultural Supply Chain Finance To Alleviate The Financing Constraints Of Family Farms

Since 2013,the No.1 central document of the Central Committee of the People’s Republic of China has clearly proposed to cultivate and develop various forms of moderate scale operation,including family farms,and provide them with appropriate policy and environmental support.As a new type of agricultural operation subject with the advantages of both family operation and scale operation,family farms play an important role in ensuring the effective supply of agricultural products,helping the rural areas to fully revitalize and realizing agricultural and rural modernization.In 2020,the Ministry of Agriculture and Rural Affairs issued the High Quality Development Plan for New Agricultural Business Entities and Service Entities(2020-2022),which proposed that by2022,the number of demonstration family farms at all levels should reach 1 million.However,the lack of funds is still one of the most serious problems faced by family farms in the cultivation and development of our country.Due to its late start,small scale and insufficient collateral,family farms face many difficulties in the financing process.At present,the development trend of agricultural supply chain finance in the rural financial market is getting better.Its advantage lies in connecting the agricultural core enterprises and upstream and downstream agricultural operation entities into a whole,providing financing services for the participants in the chain through banks and other financial institutions,effectively helping the entities in the chain lacking funds to obtain financial support,so as to promote the sustainable development of the agricultural industry supply chain.The specific role of agricultural supply chain finance in solving the problem of financing constraints on family farms and helping them out of financing difficulties needs further exploration by the academic community.Therefore,it is of great practical significance to deeply study the mechanism of agricultural supply chain finance to help family farms ease financing constraints.In view of the above background,this paper focuses on the development status of family farms,financing problems and practical obstacles,causes of financing difficulties,development status and model of agricultural supply chain finance,etc.First of all,this paper introduces the background,research purpose and research significance of the topic,reviews domestic and foreign literature on family farm financing and agricultural supply chain finance,and combs the concepts and theoretical basis of family farm agricultural supply chain financing,so as to provide a basis for in-depth research on the mechanism of agricultural supply chain finance to ease the financing constraints of family farm.Secondly,by means of investigation,visit and access to information,we understand the existing problems and practical obstacles of family farm financing,and sort out and analyze the causes of family farm financing difficulties.Thirdly,based on the applicability analysis of agricultural supply chain finance to alleviate the financing constraints of family farms,the agricultural order pledge financing mode involving family farms,core enterprises and agriculture-related financial institutions is designed.Then,the evolutionary game model of the three parties is constructed,and simulation experiments are conducted on the designed financing mechanism to explore the key factors affecting the financing mechanism.Specific including agricultural products order output,price discount rate,loan interest rate and other factors.Finally,according to the results of the simulation experiment,the paper puts forward specific countermeasures and suggestions to the financing mechanism of the agricultural supply chain of the family farm.The value of this article lies in designing an agricultural supply chain financial mechanism suitable for family farms,achieving the goal of enriching the family farm financing system and better relieving family farm financing constraints,in order to help family farms achieve long-term development in the future.