Research On The Impact Of Digital Finance On The High-quality Development Of Agriculture In The Yangtze River Delta Economic Zone

China’s agricultural development has entered a new stage.On the agricultural supply side,agricultural products have been able to meet the needs of people’s daily life,and there is a phenomenon of oversupply,resulting in the agricultural market transferring from the former seller’s market to the buyer’s market,so that agricultural products producers compete against each other from quantitative to quality.In addition,on the demand side,with the increasing improvement of people’s living standards,the quality requirements for agricultural products are also improving.The provision of high-quality agricultural products in the agricultural market is the trend of the times,and the high-quality development of agriculture is an inevitable requirement to adapt to the new stage of national economic development.The high-quality development of agriculture is inseparable from the support of finance,and with the combination of finance and technology,digital finance has emerged.Compared with traditional finance,digital finance has the characteristics of low service cost,simple operation and wide coverage,and can provide financing channels for small-scale agricultural production through low-cost and low-threshold financing,and provide data support for the seeds screening,land selection and sales of agricultural products,thus having an obvious role in promoting the high-quality development of agricultural economy.The Yangtze River Delta Economic Zone has a superior geographical location,strong innovation and rapid economic development,which greatly meets the development conditions of digital finance,so the development level of digital finance is also ahead of other regions,and the Yangtze River Delta Economic Zone,as the traditional hometown of fish and rice,is also an important agricultural farming area in China.This paper studies the impact of digital finance on the high-quality development of agriculture in the Yangtze River Delta through the relevant data of agricultural development in the Yangtze River Delta,and discusses the impact mechanism and effect of digital finance on the high-quality development of agriculture in the Yangtze River Delta,which is of great theoretical and practical significance.This paper first sorts out the relevant literature of digital finance and high-quality agricultural development and the impact of digital finance on high-quality agricultural development,then analyzes the meaning,measurement and current situation of digital finance and high-quality agricultural development,and constructs an index system of high-quality agricultural development at four levels according to the connotation of high-quality agricultural development: structured development,high-efficiency development,high-quality development and green development,and then discusses the impact mechanism of digital finance on high-quality agricultural development from positive and negative aspects,and puts forward three research hypotheses in this paper.Then,the data related to high-quality agricultural development in 40 cities in the Yangtze River Delta Economic Zone from 2011 to 2020 were selected,and the comprehensive index of high-quality agricultural development was obtained by using the entropy weight method to empower the index,and the comprehensive index was evaluated.Since the measurement of digital financial index has quite complete research data,the digital financial index selects the digital financial index of prefecture-level cities in the Yangtze River Delta in the "Peking University Digital Inclusive Financial Index(2011-2020)".Next,the individual fixed effect model and threshold effect model are used to analyze the direct effect of digital finance on the high-quality development of agriculture in the Yangtze River Delta,and the indirect effect between the two is analyzed by using the intermediary effect model.The empirical results show that:(1)digital finance has a promoting effect on the high-quality development of agriculture in the Yangtze River Delta;(2)The impact of digital finance on the high-quality development of agriculture in the Yangtze River Delta is non-linear and has a double threshold,and when the development level of digital finance is within different threshold ranges,its promotion effect on the high-quality development of agriculture is different.(3)Digital finance indirectly affects the high-quality development of agriculture by promoting agricultural science and technology innovation and technology level.Finally,based on the above research conclusions,this paper proposes five countermeasures and suggestions:first,promoting the efficient development of agriculture;Promoting high-quality development of farmers’ lives;Third,improve the level of agricultural green development;Fourth,promote the optimization and upgrading of agricultural industry;Fifth,improve the level of innovative technology in agricultural production.