Study On The Impact Of Agricultural Policy Finance On Agricultural Output In Jilin Province

Agriculture is a country’s basic industry.The development of agriculture determines the agricultural output and the level of agricultural economic development in rural areas.Due to the scale and foundation of China’s agriculture,the development of the agricultural economy has a profound impact on agricultural modernization in various industries and even in the new era.Judging from the No.1 document of the Central Government in recent years,the issue of "agriculture,rural areas,and farmers" has been the theme for 17 consecutive years since 2004,which fully reflects the importance of agriculture-related issues.In the agricultural economic development situation reflected by the "three rural" issues,the support of financial funds is essential,and agriculture is a congenital inefficient investment industry,with high risks and low returns on economic investment.Most commercial financial institutions unwilling to invest money in it.Agricultural policy finance is a policy finance used by the state to implement national policies and support the development of agricultural economy.It is used to make up for agricultural funding gaps and rural financial deficiencies,and has gradually become an important source of agricultural economic development funds.With the support of agricultural policy finance,China’s agricultural economy continues to develop.Jilin Province enjoys a superior geographical location,fertile soil,and per capita arable land area and agricultural output are among the highest in the country.At the same time,Jilin Province dares to take the lead in the process of agricultural modernization in the new period.It plans to take the lead in realizing agricultural modernization nationwide,accelerate the scale and efficiency of agricultural development,and strive to play a leading role in promoting the overall process of agricultural development.Therefore,research on the impact of agricultural policy finance on agricultural output in Jilin Province is of great significance.Based on a comprehensive analysis of relevant domestic and foreign research literature and related conceptual theories,this paper quantifies the current situation of agricultural economic development and agricultural policy finance in Jilin Province,so as to clarify the development trend and mutual influence of agricultural policy finance and agricultural output in Jilin Province.Furthermore,taking Jilin Province as the research scope,the statistical indicators for measuring agricultural policy finance and agricultural output were selected.Using the corresponding statistical data from 1995 to 2017,using unit root test,cointegration analysis and other econometric methods,based on the multiple linear regression model,the long-term equilibrium relationship,short-term influence relationship,unidirectional Granger reason and mutual influence degree between each variable index are obtained.This is to analyze the impact of agricultural policy finance on agricultural output in Jilin Province.Through empirical analysis,this article draws the following conclusions: Agricultural policy finance and commercial finance in Jilin Province both contribute to the increase of agricultural output,but the impact of policy finance is not as strong as commercial finance;the total power of agricultural machinery promotes the increase of agricultural output.However,the number of employees in the primary industry in Jilin Province has a negative impact on agricultural output.On this basis,it proposes improving the policy-based financial support system for agriculture and promoting the upgrading of the agricultural industry;strengthening the policy-based financial guidance function and coordinating commercial financial funds;expanding policy-based financial capital channels and enriching business operation forms;and increasing policy-based financial funds support and policy suggestions to improve the efficiency of agricultural output,with a view to further enhancing the role of agricultural policy finance in Jilin Province in promoting agricultural output,and then providing a reference for more efficient agricultural development in Jilin Province.