Research On The Causes And Solutions Of Supply-oriented Credit Constraints Of Entrepreneurial Farmers

With the formal proposal of the rural revitalization strategy,the central government has continuously increased its policy focus on rural areas,and local governments have responded positively,providing adequate financial support and policy guarantee for local rural development,and guiding various social resources to support rural areas,which has set off a new wave of rural revitalization nationwide.This wave further stimulates the production enthusiasm in rural areas,speeds up the flow of production means,improves the production environment of farmers,and encourages more local farmers,migrant workers and some urban workers to take root in the countryside and start a second business.With entrepreneurial farmers,rural areas began to rise constantly scale modern agricultural management main body,the demand for loans to grow,and gradually by the original petty consumer credit loans into large production,but the present rural financial market development is still not mature,the loan amount that Banks tightening in rural areas,entrepreneurial farmers loan demand is difficult to meet,GongGeiXing credit constraints problem is very outstanding.In order to solve the problem of supply-oriented credit constraints faced by entrepreneurial farmers in the context of rural revitalization,it is necessary to further discuss the current situation and causes of supply-oriented credit constraints.Taking chongqing city as an example,this paper not only illustrates the close relationship among credit support,entrepreneurial farmers and rural vitalization,but also theoretically points out the formation mechanism of supply-oriented credit constraint of entrepreneurial farmers by defining relevant concepts and sorting out relevant theories.Based on the 2019 for entrepreneurial farmers in rural areas in chongqing as well as the local bank microscopic investigation data and the official statistics,in chongqing from credit demand(entrepreneurial farmers)and credit suppliers(Banks)as well as the two Bridges(fiscal)three angles for the current situation of chongqing's entrepreneurial farmers GongGeiXing credit constraints,results show that the chongqing rural financial market is relatively single,more financing channels is given priority to with mortgage loans,Banks will,there is no evidence of loans for entrepreneurial farmers but there is strong demand for loans,so the entrepreneurial farmers GongGeiXing credit constraints problem is very outstanding.In order to understand what causes the entrepreneurial farmers GongGeiXing credit constraint problem exists generally,this paper on the basis of relevant theories,the cause of the corresponding assumptions,and through the research of micro data statistical analysis on these assumptions,and with the aid of Probit model,Tobit model and corresponding empirically PSM model.It is found that the causes of the credit constraints of entrepreneurial farmers can be divided into five categories: first,the loan risk of entrepreneurial farmers is difficult to control,which increases their requirements for the rural assets as collateral;Second,the profit-seeking motive force of the bank market is distorted,and the bank is more in pursuit of financial returns and as far as possible to avoid risks.Thirdly,the information asymmetry of rural financial market weakens the ability of Banks to select start-up projects and their willingness to provide more reasonable differentiated loan services.Fourth,the rural financial market is less competitive and the degree of marketization is not high,which reduces the innovation consciousness of Banks.Fifth,the deviation of the fiscal policy to support agriculture,and not to better play the potential of fiscal leverage credit funds.Based on the above conclusions,this paper puts forward a series aimed at the policy Suggestions to solve the problem of entrepreneurial farmers GongGeiXing credit constraints,including to accelerate the development of rural financial assets value,and improve the rural loan service risk-sharing mechanism,promote the entrepreneurial farmers and loan bank profit margins and perfection of the mechanism of lending both sides communication,establish diversified financial markets,and strengthen the coordination between fiscal and financial.