Based On The Life Cycle Of Farmer Specialized Cooperative Financing Research

As a kind of new rural cooperative economic organization, specialized farmer cooperative plays an important role in agricultural economy development of our country, specialized farmer cooperative can organize the dispersed farmers to adopt the way of democratic management,in order to increase the income of members,to provide its members of production materials procurement,transportation,processing of agricultural products,sales,storage service,etc.The financing activities of specialized farmer cooperative have promotion effect on the healthy and fast development.But along with the development of specialized farmer cooperative,financing problem become the bottleneck which restrict the development of the current specialized farmer cooperative.Specialized farmer cooperatives’ quantity is more,the funding gap is biggerjust rely on the government financial input and raise farmers unable to meet its funding needs.Although the country has issued relevant policy and law,specialized farmer cooperative still has the difficult problem of financing for a long time and restricts specialized farmer cooperative become bigger and stronger,seriously affected specialized farmer cooperative expand business scale.In this article,using literature research,empirical analysis and inspection method of combining the cases,based on the life cycle theory,using TOPSIS comprehensive method to the development of the specialized farmer cooperatives are divided into five stages:starting stage,introduction stage,growth,maturity and decline.Based on the analysis of specialized farmer cooperatives at each stages of financial demand and financial risk (management risk,financial risk and information risk).In the end,stand on the perspective shown,select appropriate for the stages of cooperative financial method,to alleviate the funding gap in the process of cooperative development.Conclusion:starting period,cooperatives rely mainly on internal financial method;Introduction period,cooperatives can adopt the combination of endogenous financial method and equity financial method;Growth period,cooperatives use a combination of equity financial method and debt financial method;Maturity period,cooperatives have more financial methods to choose,mainly consider the financial cost and efficiency;Decline period,cooperatives can use of asset securitization financial method.At last,this article let Xingnong grain cooperative as a case,determine its life cycle stage and choose the suitable financial way as test.