A Study Of Chinese Farmers' Property Income

Chinese farmers' property income is derived from their property and constitutes a gross income of farmers together with rural household business income, wages income and transfer income, etc. Property income of fanners makes up a comparatively small proportion of gross income, usually at 3% or lower.Farmers' land property income means relevant compensations for expropriation of land or proceeds from transfer of land use right. Benefited from rural reforms, farmers have gained unprecedented rights and interests in land. However, there remain issues such as absence of subject of land ownership and obligatory right in the contractual right of land.Farmers' income from houses refers to the revenue derived accordingly from house rent, sales or compensation for housing demolition. However, the emptiness of homestead ownership, vacancy in the related laws and regulations and weakness of grass-root governments in law enforcement have led to the nullity of farmers' housing property right.Fanners' income from funds refers to the earnings made by farmers through bank deposit, private lending and by purchase of stocks, securities or bonds. Due to the weakness of rural financial institutions and the narrowness of investment channels, the prevailing private lending market and financial disorder have exerted some adverse impacts on social stability in rural areas.The specific roles and functions of farmers' property income should draw a great deal of attention from all circles.This paper aims to make an in-depth analysis of the existing problems and their origins of farmers' property income by an analytical approach based on Marxist economic theory and puts forward ideas and proposals for solution to these issues.