Performance Study On Financial Support Agriculture In The Resource-rich Regions

Resources is motivational power of regional economic development. Due to excessivedependence on natural resources, and natural resources are non-renewable, so it will certainlybring a non-persistent issues of economic and social development. Finance is the core of themodern market economy, economic development of each county can not do without thefinancial participation and support. In recent years, the fanancial demands have seen increaseas the rapid development of county economy in recent years. Together with the continuousoptimization of fanancial orgnization and constant improvement of fanancial efficiency, itprovides a great oppoturnity for the development of county economy and the resolution of"three agriculture". How to use capital resources to solve the problem of resource-rich regionis the topic of the county economy financial study in the resource-rich region. Theresource-rich region now are facing increasingly resources shortage and resource depletion.Guided by the theory of financial development, this paper focuses on financial support to"three agriculture" development in resource-rich regions. Based on the research results athome and abroad and in-depth investigation in Yulin City, we first discusses the mechanism ofthe county’s financial functions. Secondly, We analyzed current situation of economicdevelopment, the scale of financial development, forms of organization, the deepening leveland the main problems in resource-rich regions of Yulin County. Thirdly, evaluate theperformance of the county financial support agriculture from financial coverage rate andcontribution rate.Finally, based on the issues of economic and financial development and theperformance evaluation results of support agriculture in Yulin County, has put forward policyrecommendations to strengthen the county financial support to agriculture.The main conclusions of the paper: Firstly, Although financial development is fast,distribution outlets are more common, the total size of agriculture-related financial institutionsof support agriculture are expanding in Yulin, however, the loan-to-deposit gap is widening,and the loan to deposit ratio of financial institutions is continue to reduce. At the same time,The rural financial development level exist inflated phenomenon of Yulin County from theview of county support agriculture efficiency. Secondly, there are still exist many problems in Yulin county financial support agriculture process, such as the county financial system lagsbehind the economic development needs, the outflow of a large number of financial resources,the credit guarantee system is not sound, high financing costs of economic agents, the lowefficiency of financial institutions, the lower proportion of support agriculture and the lack ofsocial credit of county and so on. Thirdly, financial development promote the county’seconomic growth forcefully, however, the qualitative change of finance in Yulin County nothappen with the economic growth. On the contrary, the county financial lags behind theeconomic growth. The supply of formal financial difficult to meet the funding needs of thefarmers demand for funds and the funding needs of SMEs have been huge changes. Finally,the county district contribution rate analysis of the financial support agriculture showed thatformal rural financial development level can be a good promotion of farmers’ income levels.