Study On The Influencing Factors Of Default Risk Of Rural Land Contract Right Mortgage Loan Based On Land Circulation

With the further development of China’s agricultural structure,the agricultural structure adjustment and transformation have become a new development trend of the rural economy,and the market-oriented land circulation has led to the promotion of the land management right.Rural financing,financing structure changes in another innovation initiatives.At present,China’s land circulation to accelerate the advance,"three separate" makes the right to operate agricultural land has a liquidity,the economic value of the land was re-activated,on this basis,agricultural land management mortgage in the pilot,the state introduced a Series of relevant policies to guide financial institutions in order to carry out mortgage work in an orderly manner.However,in the process of land management rights mortgage default risk can not be ignored,the existence of land management mortgage default risk restricts the land management mortgage to further expand the pilot.Therefore,it is necessary to study the factors affecting the default risk of the land transfer right based on the land transfer right.To control the default risk of the mortgage of the agricultural land management right,to improve the lending efficiency of the financial institution,to stabilize the rural financial environment and to revive the rural land resources Circulation process of the market are of great significance.This paper uses the questionnaire survey data of rural land contract right mortgage loan in Pingluo,Ningxia,Kaixian,Chongqing and Meixian,Shanxi.It uses the binary logit model and the marginal effect analysis method to study the default risk of land management mortgage.The factors were analyzed empirically.First,dividing the farmers into two groups:the land into the farmers and the land did not flow(own land).Then,using the binary logit model to regress the two groups,contrast the farmland management mortgage default risk factors.Finally,using the marginal effect analysis method to analyze how the land management rights mortgage default risk factors affecting the extent of farmers default risk.The study found that the scale of land transfer,participation in agricultural insurance,savings level,agricultural income,non-agricultural income,total expenditure,loan use,loan amount,land development market developed,land value evaluation system is sound,And the other factors did not show significant influence.The cognition of participation in agricultural insurance situation,geographical location and land value evaluation system had a significant effect on the loan default rate of land non-inflow.And th other factors did not show significant influence.According to the empirical results,the following conclusions are drawn: First,the land inflow is negatively related to the farmers’ default.Second,the participation of agricultural insurance is the main factor affecting the default risk.Thirdly,the cognition of the farmer’s land transfer is important to the default risk Impact;Fourth,the borrower’s economic capacity has a significant impact on default risk.On the basis of the above conclusions,this paper puts forward the countermeasures and suggestions on the default risk control of the mortgage right of the agricultural land management right,so as to promote the careful prevention and control of the default risk of the land management right mortgage.Third,the establishment of default risk stratification control system,including the borrowers,financial institutions,other guarantor default risk(s),the risk of land transfer,Share the system,the formation of layers of accountability mechanism;Fourth,the reconstruction of post-loan risk real-time monitoring system.