Analysis Of Credit Constraints Of Different Differentiated Farmers From The Perspective Of Livelihood Capital

The prosperity and activity of rural financial market is of great significance to promote the healthy and sustainable development of rural economy.in recent years,the differentiation trend of farmers in China is increasingly obvious in the tide of urbanization.This paper constructs the index system of farmers' livelihood capital under the framework of sustainable livelihood capital analysis,calculates the output value of farmers' livelihood capital,and divides the types of farmers' differentiation.In the process of constructing farmers' livelihood capital,the deviation maximization method is adopted to determine the index weight,and the quantitative basis is established for the differentiation types of farmers.the output value of farmers' livelihood capital in sample areas(specifically including natural capital,human capital,material capital,financial capital and social capital)is calculated.it is found that the output value of farmers' livelihood capital is ranked as follows from high to low: financial capital output value,social capital output value,material capital output value,human capital output value and natural capital output value.Adopting multi-factor comprehensive evaluation method,taking the output value of farmers' natural capital as the first division standard,and the remaining four farmers' capital output values as the second division standard,farmers are divided into four types: agricultural single type,agricultural diverse type,non-agricultural diverse type and non-agricultural concurrent type.Then,heck man generalized three-stage model is used to analyze the credit demand and constraints influencing factors of different differentiated types of farmers,and calculate the credit constraints gap of different differentiated types of farmers.The research shows that farmers in sample areas are generally subject to credit constraints,and their credit gap ratio exceeds 10 %.Among them,the credit gap ratio of agricultural single farmers is the largest,and that of non-agricultural diversified farmers is the smallest.The credit gap ratio of agricultural single farmers is 21.48 %,that of agricultural diversified farmers is 14.27 %,that of non-agricultural diversified farmers is 10.80 %,and that of non-agricultural concurrent-business farmers is 11.38 %.The influencing factors of agricultural single farmers' credit application behavior are: the degree of understanding and age of property right mortgage loan policy;The influencing factors of agricultural diversified farmers are age,population burden and health status.The influencing factors of non-agricultural diversified farmers are: ownership of warrant collateral,degree of understanding of property right mortgage loan policy,participation of social insurance,number of outlets of financial institutions,traffic conditions,age and population burden.The influencing factors of non-agricultural concurrent-business farmers are: age,expenditure level,understanding degree of property right mortgage loan policy,number of outlets of financial institutions,traffic conditions and social insurance participation.The influencing factors of credit constraints of agricultural single farmers are: age,population burden,health status,expenditure level and transportation conditions.The influencing factors of agricultural diversified farmers are: traffic conditions,agricultural insurance participation,age,health status and the number of outlets of financial institutions.The influencing factors of non-agricultural diversified farmers are: age,number of outlets of financial institutions,ownership of warrant collateral,degree of understanding of property right mortgage policy and participation in agricultural insurance.The influencing factors of non-agricultural concurrent-business farmers are age,expenditure level,ownership of warrant collateral and the number of outlets of financial institutions.