| The position of agriculture is very important in the foundation of the national economy, but also the important pillar upon which the survival of farmers and rural economic prosperity. The rural population of Henan Province is significant, agricultural development is not only related to national food security problem, but also affects the famer’s livelihood problem of Henan Province. How to solve the "three rural" problems efficiently, promoting the increase of farmers’ income and the rural economic development. The investment of agricultural capital can enliven the rural financial market, promoting rural productivity, support the farmers from the capital, and promote rural economic prosperity fundamentally. Since 2004, the primary consideration of our issued 11 consecutive years of the "No.1 Document" is the "three rural issues", continuing to emphasize the reform of rural financial system, emphasizing the strength of "three rural" capital, emphasizing the prevention of financial risks,stepping up to guide social capital to gather in the rural area. In 2005 the grain tax system was abolished, the establishment of the system of agricultural subsidies following is letting farmers get more benefits. The Eighteenth National Congress of the Communist Party of China and The eighteen session of the fourth plenary session stressed that continue to deepen rural reform comprehensively, opening a new way in optimizing the structure of agriculture, seeking new breakthroughs in the transformation of agricultural development mode, obtaining new achievements in promoting farmers income.Henan province as the chief grain province of China, In the 2006, the State Council issued “several opinions on promoting the rise of central China”, Henan Province is defined as the important base of grain production. In 2012, for the further implementation of the Central Plains region of the "three trends" coordinated development, the construction of central plains, Economic Zone in Henan Province as the center of the project started. But with the change of rural economic structure and the transformation of traditional agriculture continues is deepening, the development of modern agriculture needs a large amount of financial support of agriculture, rural economy development level of Henan province is relatively backward, the agricultural fund supply contradictions are still more prominent. Especially the recent trend of rural financial institutions to the commercial transformation becomes more and more serious, for the pursuit of maximizing their own interests, not willing to invest to the high risk, low yielding agriculture project, the main long-term support for rural economic development a serious shortage of funds, the province’s farmers "difficult loans", is becoming more and more popular. The rural economy growth and the incremental income of farmers of Henan province are facing a severe test.This paper based on this background. Firstly, inspect the domestic and foreign related agricultural loan to promote the study of dynamic increasing farmers’ income and related theory, to found agricultural loans role in increasing the income of farmers, the paper sums up to find and the direction and value of this study. Secondly, Henan province were selected from the historical data of agricultural loans of 1978-2013 years and the income of the farmers, the use of comparative historical analysis method to study the investment situation since the reform and opening up 36 years of agricultural loans in Henan province and compare the growth trend of income to the farmers for the calendar year, along with the Henan Province agricultural investment in loans, the income level of farmers in Henan province shows that the investment of agricultural loans exist the influence of improving farmers’ income. In order to prove the accuracy of the objective conclusion, then applies the VAR model, Granger causality test to verify that the agricultural loan is the Granger cause of promoting the increase income of farmers. In view of the fact that some data is not easy to get,ignoring the influence of other factors on the income of the farmers, this study only selected agricultural loans and the income of the farmers two groups of time series variables tested, the results may vary slightly, but does not affecting the establishment of final conclusion. Then the track of impulse response function, clearly show the relationship between agricultural loans and the income of farmers, agricultural loans has a negative impact effect on increasing the income of the farmers in the short term, agricultural loans has a significant positive impact effect on income, but also showed a time hysteretic nature. Therefore, in the continuous deepening about the reform of rural economic system, Henan province is accelerating the pace of urbanization, the industrialization of agriculture and intensive agriculture,the rural financial institutions are in the trend of commercial, agriculture as the high investment, low profit industry, agricultural funds also shifts to the two or three industry gradually, the deficiency of agriculture money supply directly affects the interests of farmers and rural economic development, stable and continuous. To guarantee the agricultural loan funds really "for the people", and can fully meet rural market demanding for funds is the premise of income to farmers as well as the main power of rural economic prosperity. In view of this, the article illustrate from three aspects to propose the corresponding countermeasure in the end. Firstly, improve the rural financial system and create the positive supporting environment. Activating the source supply for the agricultural loans to strengthen the competition of rural financial institutions and meet the needs of the rural market. Secondly, enlarge the capital structure of agricultural loan. Treating the agriculture loan funds and the operation process strictly and ensuring the rational allocation of limited funds is used maximum efficiency. Thirdly, sounding agricultural insurance mechanism. To provide risk protection measures of agricultural loan funds, digest rural financial institutions investment with any menace from the "rear", and enhance the safety of the agricultural loan funds. |
PDF Full Text Request