Study On The Differences Financial Needs Of Xin Jiang County Farmers And The Corps Workers

Since the 21 st century,There are 12 central document relate to "Three Rural Issues", we can see that the government pay Special attention on the "three rural" issue.Meanwhile, the study of rural financial issues also becoming Attractive. The lag development of Rural finance and the lower satisfaction of farmers credit are the major bottleneck restricting of the development of the rural economy. Along with promoting the reform of China’s rural economy, due to he level of agricultural and rural economic in various regions of China are highly uneven,and the constitute of rural financial markets are also development,the Farmers borrowing behavior are quite different.It plays an important role to Analysis of the farmers ’ inancial needs for the deepening of rural financial reform,improving rural financial services and promoting rural economic development.Xinjiang is a special province, located in China’s northwest frontier, which is a gathering place for minorities;what’s more,within the administrative divisions,there are two different administrative body :Xinjiang Autonomous Region and the Xinjiang Production and Construction Corps,which have different production methods of agriculture.how to understand the farmers(workers)’ differences Financial needs,is an important foundation for innovative financial products improve financial services.it is important to promote Xinjiang economic development、social harmony and long-term stability.In this paper,The first part Elaborated the household behavior theory, the modern theory of finance and economic development, rural finance theory,The second part based on the survey data, to analysis of the Xinjiang Corps workers and local farmers household characteristics,The third part we starting from the actual survey questionnaire, using of comparative analysis method,contrasted Xinjiang Corps workers and local farmers behavior differences in Borrowings and lending.the Part IV are binding studies above, find the differences of local farmers and workers Corps financial needs;then refer to previous studies, put forward the hypothesis, analysis of the reasons cause of this discrepancy from the theoretical,and then using the Probit model to analyze the factors affecting local farmers and Xinjiang Corps worker’s financial needs, combined with the specific situation in Xinjiang, analysis of the reasons for this difference exists.The fifth part is the conclusion and policy recommendations.Analysis showed:(1)There are differences in these aspects:Select thrifts aspects, objects aspects of savings, the level of understanding aspects of credit policy, households(workers) gap funding needs, the terms of capital loan periods, terms of capital lending channel, the purpose of borrowing.(2)From the perspective of the difference financial needs of Local farmers and Corps workers,local farmers have higher willingness to lend than corps staff;Local farmers have higher willingness to Borrowing than corps staff;(3)The Causes of the differences financialneeds of Xinjiang Corps of farmers and workers,there are many reasons led to local farmer higher willingness to lend than the Corps workers: education level of Head of household,whether or not understand the credit policy, labor burden coefficient, arable land household operating expenses family business income, agricultural income share,whether the village have financial institutions(loan officer),whether there is an interest-bearing loan organizations Except formal financial institutions outside outlets.There are many reasons led to local farmer higher willingness to borrowing than the Corps workers:the age head of household,whether or not understand the credit policy, labor burden coefficient,household operating expenses whether Rural credit cooperatives Credit rating for your home and Credit granting,whether there is an interest-bearing loan organizations Except formal financial institutions outside outlets,whether Five farmers unite as collateral to obtain loans can meet the borrowing needs.Based on the results,Proposed policy recommendations for further to meet the financial needs of local farmers and workers Corps from the macro policy level, the financial institution level, the household level.