Research On The Financing Of Family Farms In Luoshan County

Since the concept of "family farm" was first put forward in the central document No.1 in 2013,the central document No.1 in 2020 emphasizes the cultivation of new agricultural operating entities such as family farm,and family farm has become an inevitable trend in the development of China’s agricultural operating model.The emergence and development of family farms in China has well connected with the pace of China’s agricultural transformation and upgrading,and has become one of the most effective organizational forms in rural revitalization and agricultural supply-side structural reform.Family farms,however,our country is still in the early stage of development,there is a problem,all aspects compared with traditional agricultural main body,the family farm is essentially a capital and technology intensive degree higher agricultural main body,the family farm capital requirements is given priority to with the productive capital requirements,the production and business operation is difficult to rely on its own funds to solve,has a large credit line,complex characteristics of long maturity of financing and financing,capital issues as the problem of restricting the healthy development of the family farm.Therefore,how to alleviate the financing difficulties of family farms has become particularly important.At home and abroad based on the family farm financing issues,using the theory of financial repression,credit rationing theory and information asymmetry theory in general and rural finance related theory,financial theory to Luoshan county farm based on the field survey data of 127 households,respectively,of the family farm operator characteristics,family farming conditions and external environment problems such as the relevant investigation and statistical analysis,according to the result of statistical description shows: the family farm is phenomenon of lack of funds,family farm financing actual satisfaction degree is low,single financing channel,short term financing is not enough diversity;There is a high degree of financing risk in informal financing channels;Limited policy support is the main difficulty encounteredin the financing process.In this paper,Logit model is used to empirically analyze the influencing factors of family farm financing channel selection.It is found that the education level,social relationship,operation scale,annual income,annual investment,distance between family farm and financial institution and the number of mortgagable property of family farm operators have significant influence on the financing channels of family farm.Among them,the level of education,family farm family farm operators annual income and number can be mortgaged property to choose the formal financial financing channels have positive significant effect,namely the family farm operators are the higher level of education,family farms,annual income,the more family farm financing can be mortgaged property,the more is the tendency to choose the formal financial financing channels;The distance between family farm and financial institutions has a significant negative influence on the choice of formal financial channels for financing,that is,the further the distance between family farm and financial institutions is,the less likely they are to choose formal financial institutions.The annual investment of family farms has a significant positive impact on informal financial channels,that is,the more the annual investment of family farms,the more inclined to choose informal financial channels for financing;The social relations of family farm operators and the operation scale of family farm have a significant negative influence on the selection of informal financial channels,that is,the wider the social relations of family farm operators and the larger the operation scale of family farm,the less inclined they are to choose informal financial channels for financing.Therefore,based on the analysis of the full text,in order to better solve the problems existing in the financing of family farm in Luoshan county,this paper proposes countermeasures from the following three perspectives: first,the government should further improve the existing family farm credit management system and system to create a good credit environment;Second,financial institutions should combine with the reality,innovate the current financial credit products,and further increase the supply of agriculture-related credit;Thirdly,family farm operators should improve their management level,raise their income level and promote thestandardized management and development of family farms.