A Study On The Mechanism And Allocation Strategy Optimization Of Agricultural Credit Funds For Agricultural Economic Development

As a basic industry,the development of agricultural economy affects the development and stability of the national economy.Agriculture is a weak industry.For a long time,"three rural" issues have been the focus of social attention.Agricultural credit funds,as the input of agricultural Means of production,have played a huge role in promoting the development of agricultural economy.This paper takes Jiangxi Province as an example,analyzes the correlation degree and mechanism of agricultural credit and agricultural economic development,calculates the allocation efficiency of agricultural credit,finds out the problems existing in the allocation of agricultural credit funds,and accordingly puts forward targeted policy suggestions.Firstly,the paper introduces the basic situation of agricultural economic development and agricultural credit in Jiangxi Province.Secondly,based on the theory of agricultural financial market,this paper analyzes the mechanism of agricultural credit funds on the development of agricultural economy,and sets the data of agricultural credit,total power of agricultural machinery,total sown area of crops,rural population and primary industry Gross Domestic Product in Jiangxi Province from 2010 to 2017 as the elements,and uses grey correlation analysis to draw the conclusion that agricultural credit has strong correlation to the development of agricultural economy.Analysis of different uses of agricultural credit funds from the promotion of factor input,value-added ability of industrial chain links,infrastructure improvement,these three aspects play a role in agricultural economic development,and analysis of the potential risks of agricultural loans.Based on the data of agricultural loans for different purposes from 2014 to 2017,DEA method and DEAP2.1 software are used to measure the allocation efficiency of agricultural loans.The results show that the allocation efficiency of agricultural loans in some prefecture-level cities in Jiangxi Province is relatively high,while the average allocation efficiency of agricultural loans in the whole province is relatively low.Some areas have effectively improved the scale efficiency by investing in the construction of well-facilitated farmland,but some areas have also failed to follow the direction of agricultural economic development,resulting in low pure technical efficiency.The bad phenomenon of agricultural credit being diverted for other purposes still exists,leading to returns to scale.Time series data calculate that the overall factor production efficiency of agriculture-related loans in some areas is relatively low,mainly due to low scale efficiency and poor technological progress,the main reasons for low scale efficiency when agriculture-related loans are diverted for other purposes and agricultural financing is difficult,while the poor technological progress is due to the lack of investment in long-term agricultural engineering projects by agriculture-related loans,which cannotsolve the problems such as weak agricultural foundation,lagging promotion of agricultural science and technology,and low degree of agricultural industrialization.Based on the above analysis,the paper puts forward the following suggestions according to the research findings: the government should guide the investment of agricultural credit funds,promote the adjustment of agricultural structure,formulate reasonable credit policies,strengthen the supervision of loan funds,play the role of credit guidance,track the flow of loan funds,innovate guarantee methods,and establish an agricultural credit credit system.