Research On Financial Risk Of Farmers' Professional Cooperative In Sichuan

Farmers' professional cooperative is an important carrier to improve the farmers' organizational level, promote the farmers' income, develop modern agriculture and prosper rural economy.Since the implement of Farmers' professional cooperatives law of the People's Republic of China in July 2007, the number of farmers' professional cooperatives is increasing quickly, the size is also growing. However, In the process of development of Farmers' cooperatives, it gradually exposed many problems.Especially,the financial risk condition of farmers' professional cooperative is the key to decide whether the farmers' professional cooperative can continue as a going concern, and it's also a major problem needed to solve in time.Based on theories of cooperative, risk management and risk control, this article adopted the fuzzy comprehensive evaluation method, analytic hierarchy process and case analysis to study the financial risk of farmers' professional cooperatives with the use of the survey data of 95 farmers' professional cooperatives in Sichuan.The article is divided into six parts:the first part is the introduction. which introduces the background and significance of the paper. Then introduce research trends of financial risk of farmer's cooperatives at home and abroad, on the basis of which to elicit issues of study. Also, it concerns about research methods, technical routes of this article.The second part is the theoretical basis of farmer's cooperatives financial risk. This section combines theories of cooperative, risk management and risk control,to explore the connotation of the farmer's cooperatives. The third part is financial risk identification of farmer's cooperatives, mainly analyzes the risk types for the farmers' professional cooperatives. The fourth part is financial risk assessment, including the construction of financial risk assessment index system and assessment model of farmers' professional cooperatives. The fifth part is conclusions and suggestions,putting forward suitable financial risk control and preventive measures for farmers' professional cooperatives.The last part is the prospect.The conclusion through analysis is drawn as, (1)Financial risk level of Farmers' professional co-operatives overall ranks a lower risk, but there are still many of the adverse risk factors, not reaching the low risk level.(2)In the cooperative operation of each link, the importance of financing risk is higher than investment risk,operation risk and income distribution risk.In the financing risk, the weight of pay membership dues and the asset-liability ratio are the highest.(3)In the financial risk of cooperative, investment risk scored lowest for the weight of significant investment decision-making mechanism and investment benefit is higher, but the score is so low.(4)Finally, put forward the prevention measures of cooperative financial risk:broaden the financing channels, resolve the problem of capital; Expand the scope of the collateral, improve the financing environment; Set up scientific investment decision-making mechanism, carry on the feasibility;Carefully Select investment objects, implement investment diversification strategy;Adopt favorable agricultural technology, reduce inventory risk; Effectively manage accounts receivable, and raise the proportion of risk fund; Establish scientific interests distribution mechanism.