Research On Government Promoting Mortgage Financing Of Rural Land Management Right

Farmers’ financing difficulties and high financing costs have always been a prominent problem that plagued China’s rural economic development.The lack of mortgage assets is an important reason for farmers’ financing constraints.Since the reform of "separation of three rights" in China’s farmland system,the right to rural land management has been endowed with the functions of mortgage and guarantee.China has also begun to explore the reform of mortgage financing of rural land management right.According to China’s specific national conditions,this paper chooses the perspective of government’s role to study the improvement of farmers’ financing by the government’s promotion of mortgage financing of rural land management right,which enriches the current research perspective of rural land financial reform in China.Firstly,this paper reviews the domestic and foreign research on the development of rural land finance,and studies the availability,constraints,financing modes and effects of foreign rural land finance,as well as the feasibility,constraints,modes and effects of domestic rural land finance.The study found that the financing of rural land mortgage at home and abroad is very important for farmers to obtain credit financing,and has a positive role,and is significantly affected by government public services.However,at present,the relevant literature at home and abroad mostly studies the development of rural land finance from the perspective of finance.As a developing country,China’s rural land finance is still in the exploratory stage of development,and the supply of public goods and public services is seriously inadequate.Therefore,from the perspective of government providing public goods,perfecting supporting mechanism and cultivating financial market,it is more in line with China’s national conditions and more conducive to the construction and development of China’s rural land financial system.This paper expounds the theory of the government’s promotion of mortgage financing for rural land management right from four aspects: the theory basis,significance,mode of action and transmission mechanism of the government’s promotion of rural land management right mortgage financing.From marxism political economy elaborated the theoretical basis that the government promotes.The main motivations for the government to promote the financing of agricultural land management rights are: the government is an important force in the transformation of the rural financial system;the government provides protection for the realization of the “re-energy empowerment” of agricultural land;separating property rights to undertake mortgage functions requires government support;the particularity of rural land management right needs to be promoted by the government.The government’s role in promoting the financing of rural land management right is: the government overcomes the "market failure" under the special agricultural land system;the government reduce the transaction cost in the Williamson transaction cost analysis;in the evolutionary game of rural land management right mortgage financing subject,the role of government in the model is conducive to the realization of evolutionary stability strategies.Through increasing the financial institutions’ willingness to supply the mortgage financing of farmland management right and improving the availability of farmers’ demand for the mortgage financing of farmland management right,the government promotes mortgage financing of rural land management right.In order to further analyze the role of the government in promoting mortgage financing of farmland management right from a practical point of view.This paper chooses the case that the government promotes the mortgage financing of rural land management right as a case analysis and combines an empirical analysis of the government’s promotion of the mortgage financing of rural land management right with the survey data.The conclusion drawn from the above two analysis methods shows that the effect of the government promoting the mortgage financing of the right to rural land management is obvious.Under the situation of imperfect farmland financial system and lack of supporting mechanism in China,the government has significantly improved the farmland financial environment and policy system environment by providing public goods,improving supporting mechanism and cultivating farmland financial market.The willingness of financial institutions to provide mortgage financing for rural land management right has increased significantly,the demand for farmers to obtain mortgage financing for rural land management right has increased significantly,and the amount of mortgage financing for farmers to obtain rural land management right has increased significantly.In addition,the paper also draws on the experience of developed countries’ governments in promoting the establishment of a mature agricultural land financial system.According to the experience of the governments of Germany,the United States,and Japan that promote the development of agricultural land finance in the typical country where the agricultural financial system is mature,it can be seen that the government has played an important role in the establishment and development of the agricultural financial system in developed countries.The experience of developed countries’ governments in promoting mature agricultural land financial system construction provides a reference for the government to promote the construction of agricultural land financial system in the process of promoting the financing of rural land management right.The conclusion of this paper is that Marxist political economy provides theoretical basis for the government to promote the mortgage financing of rural land management right;it is necessary and reasonable for the government to promote the mortgage financing of the right to rural land management;the key point for the government to promote the mortgage financing of the right to rural land management should be to provide public products and improve the supporting mechanism;the government should promote the mortgage financing of the right to rural land management by influencing the main body of supply and demand of the mortgage financing of the right to rural land management;we should adhere to the combination of top-level design and improvement of supporting mechanisms.According to the research conclusion,this paper puts forward the following countermeasures and suggestions for the government to promote the mortgage financing of rural land management right:For financial institutions,in the top-level design,the government should establish a complete legal system of mortgage financing of rural land management right,support financial institutions to carry out mortgage financing of rural land management right;the government should establish a complete organization to facilitate financial institutions to carry out mortgage financing of rural land management right;the government should provide diversified sources of financing of mortgage financing of rural land management right to support financial institutions to open up mortgage financing of rural land management right.In terms of supporting mechanisms,the government should speed up the pace of certification;establish a scientific evaluation system of the value of the right to rural land management;establish and improve the credit system,strengthen penalties for breach of contract;establish a multi-level and multi-subject risk-sharing mechanism,increase the support of policies and funds;and speed up the construction of the market for the transfer of the right to rural land management.For farmers,in the top-level design,the government should establish a legal system to protect the legitimate rights and interests of managers,improve the rural social security system,and strip off the function of rural social security.In terms of supporting mechanisms,the government should set up special mortgage guarantee institutions for rural land management right to avoid the loss of farmers’ rural land management right;guide farmers to participate in financing insurance to disperse transfer risks;increase the publicity of farmland financial policies;and increase the cultivation of new agricultural producers with high scale levels of agricultural production.Finally,in the process of promoting the mortgage financing of rural land management rights,the government also needs to overcome some limitations of the government’s role effectively.To clarify the government’s functions,avoid the absence,dislocation and offside of government functions;to avoid the government’s infinite taking responsibility for rural land finance in the process of supporting the mortgage financing of rural land management right,and deviate from the market orientation of rural land finance;in the process of mortgage financing,we should not only overcome "market failure",but also avoid "government failure".