Credit Availability And Influencing Factors Of Farmers' Specialized Cooperatives

At present,China is in a critical period of transition from traditional agriculture to modern agriculture.The trend of large-scale and intensified agricultural development is increasingly evident.Farmers' specialized cooperatives are important subjects of new-type agricultural management and are important carriers for promoting the industrialization of agriculture and modernization of agriculture.In the process of agricultural development,farmers' specialized cooperatives have developed rapidly.Shijiazhuang,Hebei Province has a high level of agricultural intensification and industrialization.It is known as the “northern granary” and farmers' specialized cooperatives have shown rapid development.However,with the continuous development of farmers' specialized cooperatives,The demand for capital in the purchase of agricultural machinery and equipment,and the expansion of business scale have gradually increased,and the problem of financing has become increasingly prominent.It is difficult for farmers' specialized cooperatives to obtain credit from formal financial institutions.Therefore,the availability of credit and the influencing factors of farmers' specialized cooperatives in the region have become a subject worthy of study.Firstly,the paper collates domestic and foreign research literature,defines research methods,and conceptually defines the availability of financing and credit for farmers' specialized cooperatives and farmers' specialized cooperatives.It also discusses theoretical foundations such as transaction cost theory and information asymmetry theory.Secondly,based on the field survey data of farmers' specialized cooperatives in Shijiazhuang,Hebei Province,the paper concludes the development status of farmers' specialized cooperatives in Shijiazhuang.Based on the analysis of the current situation and level of satisfaction of farmers' specialized cooperatives,it is concluded that nearly half of the credit funds obtained by the investigated cooperatives from formal financial institutions are far from meeting their capital requirements,and that an internal governance structure exists for farmers' specialized cooperatives.It has a high operating risk,lacks effective guarantees and mortgage assets,and lacks the necessary financial services products and service methods.Again,the article empirically analyzes the factors affecting the credit availability of farmers' specialized cooperatives from eight aspects: farmers' specialized cooperatives' operating capacity,profitability,self-building,managers' own construction,and the degree of agricultural industrialization.Factors such as the scale of assets,financial systems,managerial education,relationship with banks,and the level of closeness with upstream and downstream companies have a significant positive impact on the availability of formal credit for farmer cooperatives.Then the article analyzes the experience of financing of the American Agricultural Cooperatives and domestic and foreign cases,and draws some important inspirations for cracking the financing difficulties of farmers' specialized cooperatives in the Shijiazhuang area.Based on the above analysis,some countermeasures have been proposed,such as strengthening the development of farmers' specialized cooperatives,improving the financial services of financial institutions,and strengthening government support.