Research On The Contract Mechanism Of Agricultural Financial Fund Management

With the formulation of a series of national agriculture policy, the supportingfunds have issued corresponding. But under the background of informationasymmetry, there exists the implicit principal-agent relationship between the centralgovernment, local public and local government, under the existing system background,the local government as agent may choose the largest personal utility strategy whichis based on bounded rationality, in order to realize the maximization demands ofpersonal benefit; At the same time, the use of funds information disclosure of relevantwork is still in a relatively low level, the social public from psychological is stilldifficult to form the high expectations and solutions, disclosure of information to thecomprehensive utilization ratio is also obviously low, leading to the low efficiency ofagricultural funds management. This article from the modern contract theory, researchon support process in the use of funds agency relationship of each level, this paperdiscusses the use of fund management control of the government support foragriculture, the opportunism behavior of the system arrangement, and research onhow to effectively solve the government budget of the entrusted agent relationshipand the contract mechanism, design problem, search effective path for the governmentcapital management activities, innovative theory and system of fiscal support fundmanagement, so that to improve the allocation decision level and efficiency in the useof public resources.Based on combining the method of the quantitative and qualitative analysis, thestandard analysis method and the system analysis method, the paper analyzes anddiscusses the contract mechanism of the agricultural support fund managementthrough the following six parts:The first part of the introduction, mainly expounds the background andsignificance of the research, summarizes the domestic and foreign research dynamic, and explains the innovation of the idea and the possible place.The second part introduces the basic concept of modern contract theory, thispaper mainly expounds the risk of adverse selection and moral theory, limited rationalpersonal utility theory and the principal-agent theory, also used in the implementationof the contract system foundation further raises money to use the managementcontract support proposition.The third part analyzes the present the use of fund management support theproblems in the mechanism, including financial support of agriculture in our countrythe use of fund management situation, supporting the use of fund managementcharacteristics and existing supporting the use of fund management mechanismdefects, and summarizes the fiscal support from abroad the use of fund managementexperience, draw on China’s for the reference.The fourth part is the focus of the full text, mainly discusses the use of fundsupport management contract mechanism, the establishment of the externalrespectively from the principal-agent relationship and supporting the use of fundmanagement contract mechanism design and internal the principal-agent relationshipand supporting the use of fund management contract mechanism design analysis ontwo aspects.The fifth part puts forward the use of fund management support contractmechanism of implementing the path.The sixth part is the conclusion, in a brief review of the fiscal support China usefund management change history, based on the existing institutional defects areanalyzed, and combined with the modern contract theory of China’s governmentrevelation reaches a conclusion.