Practice And Experience Of Agricultural Credit Guarantee System Construction In Hubei Province

In the process of building our country into a strong country of socialist modernization,the issue of revitalizing agriculture and rural areas has always been the focus of our government’s attention.General Secretary Xi Jinping pointed out in the report of the 19th National Congress of the Communist Party of China that the issue of "agriculture,rural areas and farmers" is a fundamental issue for the national economy and the people’s livelihood,and is the top priority of the work of the entire party.Moderate-scale professional development of agriculture is inseparable from the support of rural credit.At present,China’s rural areas are still in a relatively backward stage of economic development.Most agricultural operators are based on families and lack economic strength.In addition,due to insufficient rural mortgages and pledges,large agricultural risks,etc.,most of the formal financial institutions in rural credit markets do not willing to invest funds in agriculture.Establishing a sound agricultural credit guarantee system is an inevitable requirement for promoting agricultural modernization.At the stage of economic transition to high-quality development,through the cooperation of“government and banking”,the market’s decisive role in the allocation of resources and the role of government guidance have been effectively combined to give play to the credit advantages of government financing guarantee institutions to provide loans for new-type agricultural moderate-scale operations,Credit guarantee is an effective way to guide the promotion of financial capital investment in agriculture.It is an important means to solve the problems of difficult and expensive financing in agriculture.It is also a new normal financial innovation mechanism for supporting agriculture,amplifying the effect of financial support for agriculture,and increasing the use of financial support for agriculture.The important measures of efficiency are of great significance for accelerating the transformation of agricultural development methods,promoting the transformation and upgrading of modern agriculture in our province,guiding social capital to agriculture,and helping the implementation of the strategy of rural revitalization in our province.In this context,this article summarizes the relevant policies and business development of agricultural credit guarantee in Hubei Province,and obtains relevant information and data about agricultural credit guarantee business in Hubei Province based on field investigation.Taking Hubei Province’s new agricultural business entities as sample objects,statistical analysis methods are used to analyze the sources of risk,development status and problems,business processes,and guarantee system construction of agricultural credit guarantee business in Hubei Province.The main research contents are as follows:First,through analysis of the risk sources of policy agricultural credit guarantee business,the necessity of establishing a risk sharing mechanism for agricultural credit guarantee is pointed out.The main problems in the guarantee business.Finally,by analyzing the relevant subjects of the agricultural credit guarantee system in Hubei Province and the agricultural guarantee business operation process,the agricultural credit guarantee system is established according to the actual situation of Hubei Province,and its operation mechanism and sustainability mechanism are explained.Put forward effective suggestions for further improving the agricultural credit guarantee system.