China’s Rural Financial Development,Farmer Entrepreneurship And The Growth Of Farmers’ Income

Since the party’s 16 th national congress put forward to realize the comprehensive construction affluent society’s goal, must solve the problem of “agriculture, rural areas and farmers”, into the middle of February 1, 2015 no.1 files on the intensify reform and innovation to speed up the construction of agricultural modernization several opinions of the release, “three agriculture”problem has always been the focus of the reform in China.The key lies in whether to solve the problem of “agriculture,rural areas and farmers” to promote the sustained increase in rural incomes, increase of farmers’ income level is related to the rural social stability and the development of the economy as a whole.And in the process of transformation of rural economic development in our country, farmer entrepreneurship is an effective way to drive the nearby employment continues to increase in rural incomes,is a new growth pole in the development of rural economy. Our country in recent years are paying more and more attention to the problems of their business starting, and introduced a series of encouraging farmers to entrepreneurship policies and measures, such as in August2015, the ministry of agriculture on implementation of advancing farmers entrepreneurial innovation action plan(2015-2017), to further develop the entrepreneurial innovation policies and support farmers,stimulate peasants entrepreneurial innovation vigor, farmers’ entrepreneurship atmosphere more and more active.However,farmers’ entrepreneurship in China has been faced with serious financing constraints, the rural financial support to ease the financing bottleneck in the process of the farmers’ entrepreneurship plays an important role.Although farmers venture capital in China mainly depends on the government subsidy policy, fiscal and tax income is limited, but the government cannot meet the large-scale farmers in recent years, venture capital needs.For the serious lack of funds of entrepreneurial farmers, the rural financial support is an important alternative mechanism of resource allocation.Therefore, in this paper, starting from the perspective of “farmer entrepreneurship”, the“rural finance development, farmers’ entrepreneurship, the farmers’ income” dynamic effect mechanism, it in is still lack of systematic research.Based on this, this paper summarized the analysis of the research on rural financial development and farmers’ entrepreneurship and farmers’ income effect mechanism of literature at home and abroad, reviews the related theories of the three.Secondly, on the development and status quo of statistical description and analysis;Moreover, constructing rural financial development, farmers’ entrepreneurship and the index system of farmers’ income, and the application of relevant data of 1990-2014,building the VAR model an empirical analysis framework; Then, draw the conclusion:China’s “rural finance development, farmers’ entrepreneurship, the farmers’ income growth” mechanism exists, the influence of China’s rural financial development of the structure of the rationalization and improving the efficiency of the rural financial development can be a positive impact on farmers’ entrepreneurship, and then through the mediation of farmer entrepreneurship variables indirectly influence the improvement of farmers’ income. Finally, in view of these results, this paper puts forward policy Suggestions on three aspects: to establish a competitive rural financial organization system, optimize the structure of the rural financial development; The establishment of rural capital flow mechanism, the innovation of rural financial products and services, improve the efficiency of the rural financial development; To encourage and guide the rural financial support for farmers’ entrepreneurship.