| The No.1 document of the Central Government in 2023 proposed to carry out in-depth action to enhance new agricultural business entities and strongly support the development of family farms,which have become one of the important new agricultural business entities in China,however,the development of family farms in China started late and is still in the exploration stage.The development of family farms has encountered many difficulties,among which the financing problem is the most prominent,and the lack of financial support has become the main bottleneck restricting the development of family farms.In view of this,this paper takes family farms in L County as an example and selects 157 family farms as research objects.Through field visits and questionnaire surveys,the existing financial support methods and financial support satisfaction of family farms in China are analyzed by using empirical research methods.This paper uses supply-side theory and information asymmetry theory as analytical tools to analyze the problems arising in the process of financial support for family farms,and refines the supply-side theory to financial support for family farms to analyze the mismatch between the existing financial support methods and the needs of family farms.According to the information asymmetry theory,it takes a lot of time cost for financial institutions to obtain the real repayment ability of farmers,and there are difficulties for family farms to obtain information about financial products,which leads to information asymmetry between the two sides.Finally,the methods of optimizing financial support for family farms are proposed,and the research findings are summarized as follows:(1)There is a mismatch between financial supply and financial demand for family farms.Through the research of sample family farms,it is found that there is a mismatch between loan amount and loan term in family farm loans,and family farm owners have a large demand for loan funds,but the actual degree of satisfaction is not high,mainly due to There is information asymmetry between financial institutions and family farms,and financial institutions lack understanding of the actual loan demand of family farms,and family farms also lack understanding of financial support information.(2)There are difficulties in guaranteeing family farms,mainly due to the lack of collateral for family farm loans and the cautious attitude of financial institutions towards family farm loans,mainly because the risk control mechanism of bank loans is too conservative,the difficulty of realizing land management rights as collateral,and the lack of innovation in financing guarantee methods.(3)Family farms have the problem of cumbersome financial support process and long time,mainly due to the unscientific design of financial institutions’ loan process,failure to consider farmers’ cognitive ability,cumbersome preparation of information before family farm loans,and long time of financial institutions’ loan approval for family farms.Combined with the research findings,the article proposes the following countermeasures:(1)The government and financial institutions should jointly build a reliable financial service platform;financial institutions should sink to understand the actual loan needs of family farms,overcome the problem of information asymmetry,and design financing products that meet the exclusive needs of family farms;provide family farms with a more flexible loan term.(2)Financial institutions should innovate financing guarantees:innovate farmland mortgage loans,accelerate the establishment of a nationwide farmland property rights trading platform;introduce governmental financing guarantees.(3)In terms of financial support process,financial institutions can make use of Internet technology to shorten loan approval time by reducing the preparation of pre-loan information,simplifying business processes,and reducing the number of layers of approval. |
