Research On Rural Vitalization Supported By Agricultural Policy Finance

In October 2017,the 19 th National Congress of the Communist Party of China proposed the rural revitalization strategy for the first time,which clearly stated that solving the "three rural" issues must always be a top priority for the entire party,and raised the "three rural" issues to a new height.The rapid development of modern agricultural economy and China’s goal of achieving high-quality economic development and building a moderately prosperous society in all respects depend on the implementation of the rural revitalization strategy.The opinions of the Central Committee of the Communist Party of China and the State Council on doing a good job in the key work of comprehensively promoting rural revitalization in 2023 point out that it is necessary to persistently promote rural revitalization and accelerate the modernization of agriculture and rural areas.The State Council’s Report on the Work of the Government in 2023 puts forward the strategy of vigorously developing rural revitalization,improving the policy of strengthening agriculture and benefiting farmers,accelerating the modernization of agriculture and rural areas,and deepening the reform of rural financial system.As a major agricultural province,A Province has always made efforts to showcase new achievements in rural revitalization and development.In order to optimize rural financial resources to support rural revitalization and development,it has formulated the "Rural Revitalization Strategic Plan(2018-2022)" and the "Implementation Rules for Rural Revitalization Responsibility" to ensure the acceleration of the construction of a strong agricultural province,continuous deepening of reform,breaking down institutional barriers to agricultural and rural development,and providing important development momentum for the province’s rural revitalization.Rural revitalization is the comprehensive development and improvement of rural functions in the context of building a socialist modern country in an all-round way.It specifically involves five aspects: industry,talent,culture,ecology,and organization.They are inseparable from each other and promote each other to promote rural revitalization in an orderly manner.The ultimate goal of rural revitalization is to achieve common prosperity,and economic development is the basis for achieving common prosperity.In particular,the development of rural economy and the improvement of farmers’ income level,with the economic foundation as the support,other aspects of development will be more sustainable.Therefore,the revitalization of rural economy is the primary content of the rural revitalization strategy.The development of rural economy can not be separated from the input of production factors,especially the continuous,large and low-cost financial capital input,which objectively requires a rural financial service system with wide coverage,low cost and high specialization.Agricultural policy based financial institutions have become an indispensable and crucial link in the process of rural revitalization.For a long time,the development of rural areas in China has seriously lagged behind the development of the national economy.With the continuous deepening of rural revitalization,there is a huge demand for funds in areas such as agricultural industrialization,rural infrastructure construction,and rural ecological environment protection.However,the inherent weakness of agriculture and the profit orientation of finance make it difficult for rural areas to obtain funds in the financial market,such as imbalanced supply and demand of credit funds,and incomplete financial systems.Therefore,in-depth research is needed on how to promote the development of rural economy and rural revitalization through rural finance.On the basis of relevant policies and literature,this article is based on theories such as agricultural weakness theory,financial repression theory,financial deepening theory,and financial constraint theory.Starting from the rural financial development environment and macroeconomic policies,combined with the needs of rural revitalization in A province,it demonstrates the role played by Agricultural Development Bank of China as the only agricultural policy financial institution in A province in the process of rural revitalization,providing important reference for research work.And select typical cases related to the Agricultural Development Bank of Province A,analyze the one-on-one loan model developed by the Agricultural Development Bank of China in the face of different financing needs and the effectiveness of fund investment through specific cases,in order to obtain some relevant experience of rural finance in supporting rural revitalization.However,in the actual process of financial support,there are still problems such as imbalanced supply and demand of credit funds,incomplete financial system,and unsuitable models and varieties.The main reasons for these problems are unclear external policy support,incomplete internal reform,lack of a sound guarantee system,lack of a strong regulatory system,insufficient professional credit personnel,and insufficient innovation in financial services.The research conclusion is to optimize the macro policy,regulatory system,and product services of agricultural policy finance in supporting rural revitalization: firstly,to improve the agricultural policy finance system,highlight the improvement of policies,regulatory systems,and create a credit environment;Secondly,identify the positioning of agricultural policy oriented financial institutions,deepen their own reforms,and optimize their funding structure;The third is to strengthen the guarantee of agricultural policy based financial system,strengthen external supervision and credit guarantee system;Fourth,optimize agricultural policy financial services,stick to the main business,improve service quality,and innovation management,so as to improve the effect of agricultural policy financial support.