Research On The Evaluation Of Farmer Credit In Hebei Province

Construction of new agricultural management system is the basic condition for thedevelopment of modern agriculture. New-farmers is an important part of the newagricultural system. The development of new-farmers such as professional model farmers,family farms and farmers cooperatives are urgently in need of rural professionalinvestors, the rural financial capital, and land are often be rented in the new modes ofoperation in agriculture and that makes the farmers be lack of ownership, the resourcescould not be used to be warrantee. Meanwhile, the rural credit system construction is stillin the initial stage, lack of systematic and standard accumulation of credit information,the financial institutions are hard to judge the credit situation of the new farmerseffectively, this kind of situation seriously affects the optimal allocation and fully useof financial resources in the rural areas. Therefore, it is essential to establish a novel andsuitable rural credit evaluation system to make sure that the new farmers could meet theirneeds of funds through credit integration without warrantee. This study intends to constructa set of perfect rural credit system, to provide an effective rural credit evaluation tool torural financial institutions, let rural financial institutions could accurately assess the truecredit of farmers and effectively guard against financial risk; to provide convenience forthe farmers to get credit loan, let the farmers gradually realize the importance of credit, andthen promote the healthy development of rural finance market in final.The paper based on the definitions of farmers, farmers’ credit and credit system, takesthe transaction cost theory and information asymmetry theory as foundation, elaborated theimportance of the construction system of farmers’ credit evaluation to solve difficulties offarmers loans. By using the method of combining theoretical analysis and empiricalanalysis, the paper in-depth analyzed of significant factors that affect farmers’ credit. In thetheoretical analysis, by using the frequency analysis method, from six aspects which arethe characteristics of farmers and their families, the family householdsolvency management status, loans, farmers reputation status andregional macroeconomic environment of household, selecting42farmers’ credit evaluationindex. In the empirical analysis, the paper obtains credit data of217households who havealready get loans from credit cooperatives in Hebei province, selected effectively data of205households as survey sample and separate them into35households who break the contracts and170households who are not breach, through the comparative analysis andthe use of Logistic model for example in further analysis, screening out the important30index to evaluate the farmers’ credit, constructed1level indexes and6two level indexes asa reasonable credit evaluation index system. By using the analytic hierarchy process toconstruct the judgment matrix, determined the weight of every index, constructed thefarmers’ credit evaluation model and made a empirical test to it.The paper comes to the following conclusions: constructed by the reasonablemathematical model of farmers’ credit evaluation system is very necessary. Creditinstitutions should take focus on the analysis of farmers’ reputation status in evaluation offarmers’ credit level. In order to ensure the efficient use of farmers’credit evaluation system, government departments and credit institutions shouldstrengthen supervision of farmers’ credit evaluation in the credit construction andimplementation in the work of construction and implementation of credit and establish aneffective incentive mechanism. At the same time, we should take efforts on mobilizing theenthusiasm of farmers in their repayments to loans and on improving the relevant laws andregulations to norm the work of farmers’ credit evaluation.