Research Formal Credit Constraints And Countermeasures Of Peasant Cooperative In Jining,Shandong Province

As an important new agricultural business entity and rural financial market entity,farmers’ cooperatives play a significant role in promoting rural economic development,while sufficient financial support is the material basis for the development and growth of farmers’ cooperatives,and bank credit,as the most common and widespread financing mode,is a crucial way to meet the financial needs of farmers’ cooperative entities.At present,the problem of difficult and expensive financing for farmers’ cooperatives is extensive,which seriously restricts the healthy and sustainable development of farmers’ cooperatives.It is of great practical and theoretical significance to explore the causes of formal credit constraints for farmers’ cooperatives and to break the fetters of formal credit on their development and growth,so as to promote the prosperity of rural economy and accelerate the pace of agricultural modernization in the new era.Firstly,this paper uses literature research method to systematically summarize and conclude the current situation of financing constraints,causes of formal credit constraints and countermeasures to alleviate them in farmers’ cooperatives at home and abroad.Taking farmers’ cooperatives in Jining,Shandong Province as the research object,we investigated 152 farmers’ cooperatives’ formal credit constraints by using questionnaire survey method and compiled the data for statistical analysis.The surveys show that the formal credit constraint problem of cooperatives exists,and there are internal and external reasons for the generation of credit constraint from both supply and demand perspectives,among which the low level of financial management of farmers’ cooperatives,unclear subject attributes,difficulty in obtaining recognition of collateral,and substandard credit rating are internal reasons for the generation of formal credit constraint,insufficient investment in credit funds,credit products not fully meeting diversified financing needs,and credit product features not matching the characteristics of cooperatives.The external causes of formal credit constraint are insufficient credit capital investment,credit products not fully meeting diversified financing needs,mismatch between credit product features and cooperative financing characteristics,and insufficient financial and fiscal policy support.This paper also uses case studies to analyze cooperatives in the early stage of establishment and the growth stage of development,and finds that cooperatives of different development scales also have formal credit constraints to different degrees,but the formal credit constraints are effectively alleviated through credit product innovation and the use of secured financing and other countermeasures.Finally,combined with the above research,this paper proposes policy recommendations such as improve the level of standardized operation,innovating financing guarantee,improving credit supply system,increasing credit policy support,and establishing credit evaluation system for cooperatives,which are expected to be useful for solving the formal credit constraint problem of cooperatives.