Research On The Effect Of Grain Productivity Due To Agricultural Capitals From Different Channels

The agricultural issues have been the primary task in the last continuous nine’s ‘firstfiles’ from2004to2012. The food problem is the most important and most critical core issuein the ‘three rural issues’. Improving the capacity of grain production effectively and enhancethe output are to guarantee food security in the fundamental and long term perspective. Theoutput of grain is limited by the stringent restrictions such as the arable land, water and otherresources. So, it is imperative to improve the comprehensive capacity of grain production byincreasing capital investment in agriculture. The investment bodies have multitudes ofdifferences in input motivations, input methods, input trends, input advantages and inputlimitations. We can know that they have different influences in improving the comprehensivecapacity of grain production. Therefore, it has important theoretical and practical significanceto study on the different effects on the comprehensive capacity of grain production due toagricultural capitals from different channel.In addition; we analyze the collaboration betweenthe investment bodies.In the first, this paper clarified the definition, classification and characteristics of theagricultural capital and stated the theories including rural financial theory and the coordinateallocation theory of financial resources, the theory between the agricultural capital and thedevelopment of agriculture. Then, we analyzed the current situation of agricultural capitalinvestment and agricultural investment bodies comparatively. After that, we empiricallyanalyzed the influences on the capacity of grain production due to different agriculturalcapital resources using stationary test, co-integration test, Granger causality test, impulsefunction and variance decomposition. Finally, we explored the deep reasons and put forwardthe policies and recommendations.The main conclusions of this article include: The first, the agricultural capitals fromdifferent channels have different influences on improving the comprehensive capability ofgrain production. From long run or the short term, the planting currency expenditure of thehouseholds and the agricultural expenditure of the government have obvious positiveinfluence on the improving of the comprehensive capacity of grain production; the second,the households’ expenditure of home-grow industry hold the dominant position in grain production. It has important contributions in the long-term and short-term. Additionally and ithas the greatest contribution. The state fiscal agricultural expenditure ranks No. two and takesthe guiding role in the long run; the third, there is no obvious collaborative character betweenthe agricultural capital investment bodies. On the one hand, the agricultural capitalinvestment bodies do not uniformly promote the comprehensive capacity of grain production.One the other hand, there is no mutual promotion mechanism between the differentagricultural capital investors. The fourth, agricultural capital resources in improving thecomprehensive capability of grain production must rely on the domestic investors instead ofdepending on the foreign agricultural investment.