Chinese Farmer Credit Ration And Its Welfare Level

The construction of Socialist New Country is the most important historical mission relative to the construction of Well-off Society and Modernization. Whether to increase the farmers' income or to build the rural infrastructure, rural finance is very necessary. However, the farmers'availability of the support from financial capital is very low, and the low satisfaction of farmers'credit demand is a growing problem, which are the bottleneck constraints on the construction and development of Socialist New country. Credit ration theory and empirical research show that the farmers face serious credit ration problems generally. For the aforesaid reality, this paper, based on the Credit ration theory research the data of the credit ration from the Zhaoqing City, Guangdong Province, grasp the characteristics of the farmer credit market correctly, focus on the welfare effects caused by credit ration to farmers and rural financial institutions, and then propose effective recommendations in improving the welfare of farmer credit ration policy.The two major issues that this article want to solve:one is on the basis of analysis on formation mechanism of credit ration, to study the extent of credit ration from the perspective of Zhaoqing City, Guangdong Province; the. other is on the basis of research into the farmer credit ration, beginning from the two aspects of the behaviors and actors on the farmer credit ration, to research the welfare of Chinese farmer credit ration.The paper's research conclusions are:1,The farmer credit ration phenomenon is prevalent in China and it will be more rigorous without the government intervening. However, the rural financial institutes decision-making on credit make for the farmer credit ration and also bring on un-measurable influence of the finance environment in rural area.2,The farmer credit ration brings on the lost of the farmer welfare. Analysis based on the credit ration welfare sample, credit ration make that the farmer can not get the money he needed to invest and consume, and thus result in the limitation of the farmer's family welfare increasing. So, there are urgent affaires to relax the farmer credit ration and increase the farmer welfare in the Construction of Socialistic New Country and deepen-reform of the rural finance system.3,It is impossible that all the rural financial institutes make profit through the implementation the credit ration. Toward the profitable institutes, credit ration instruments can effective save the credit ration cost, reduce the transaction expense. Of course,the question whether implementing the credit ration bring on benefit or not is nearly relevant with the region economic difference,the level of the market-oriented interest rate and the perfect of the credit market or not.4,The ability of control the credit risk is more increase and achieves the original intention that controlling the credit risk by credit ration, which is the only "generalized welfare" that the credit ration bring on the rural financial institutes. But the effect that different region rural financial institutes make use of the credit ration to control the credit risk maybe exist individual difference, just because of the credit object,economic and financial environment and the difference of the ability controlling the credit risk.