Research On Formal Credit Constraints Of Local Start-up Farmers From The Perspective Of Income Difference

Since the reform and opening up,the gap between urban and rural economic development has been widening.In order to achieve sustainable and stable social and economic development,the focus is to solve the problem of farmers' employment,so as to achieve the growth of farmers' income.It is self-evident that seeking employment in cities is an effective way to transfer rural surplus labor force,which can increase farmers' income to a certain extent.However,the problems of urban congestion,education of left-behind children in rural areas and the support of the elderly are becoming increasingly prominent.Local entrepreneurship can solve the problem of rural surplus labor force transfer,and at the same time can continue to promote local economic growth.Therefore,this paper takes farmers in Shaanxi and Gansu Province as research objects,studies the formal credit constraints faced by local entrepreneurs from the perspective of income differences,and clarifies the influencing factors of the formal credit constraints of local entrepreneurs.It has important practical significance for improving the financial environment of local entrepreneurs' loans and solving the problem of local entrepreneurship.It can also help and guide farmers by the government.The policy of local entrepreneurship provides a reference basis.Based on 630 micro-data of farmers,this paper analyzed the current situation and characteristics of formal credit constraints of local start-up farmers in sample areas,and used Tobit multivariate disordered Logit model to analyze the formal credit constraints of local start-up farmers.The influencing factors of credit constraints and the differences of influencing factors of different types of formal credit constraints are empirically studied.The Tobit model is used to empirically analyze the influencing factors of the formal credit constraints of local entrepreneurs with different income levels,income structure and income stability.Based on the analysis of the research conclusions,the paper proposes to promote the innovation of rural financing system and relax credit constraints.To promote farmers' entrepreneurship development,so as to promote rural economic development countermeasures and suggestions.This paper finds that the individual characteristics,family characteristics and social capital of peasant households have significant influence on different types of formal credit constraints,which mainly include education level,understanding of loan policy,experience of working outside,entrepreneurship training,labor force,total family income,social capital factors and financial environment factors,different income levels and income levels.The influencing factors of formal credit constraints in local entrepreneurship of farmers with stable income structure are different,and the degree of influence is also different.The fluctuation of household total income and income only become the main influencing factors among high-income peasant households,and social capital variables play a significant role in middle-income and low-income peasant households;age plays a significant role in peasant households with higher proportion of non-agricultural income;total household income only becomes the main influencing factor among low-income peasant households with non-agricultural income,and social capital variables become the main influencing factors among all three types of income structure peasant household The main influencing factors of credit constraints are the financial environment variables which pass the significant test among the farmers with high non-agricultural income proportion;the education level,the understanding degree of loan policy,the working experience and whether they have participated in entrepreneurship training of the farmers with low volatile income have passed the significant test.The main influencing factors are the gross household income of the farmers with medium and high volatile income,and the change of social capital.Among the three types of farmers,quantity has become the main factor affecting farmers' credit constraints,and the convenience of financial institutions has a significant impact on farmers with high volatile income.Based on the analysis of formal credit constraints of local entrepreneurs,this paper puts forward countermeasures and suggestions from five aspects: developing credit products,improving credit methods,improving financial environment,expanding credit scale rationally,and increasing government support for rural finance.