Researchonthe Abilityof Rural Financial Servicesto Increase Farmers’ Incomein Laiwu Districtof Jinan City

In recent years,China’s economic development has gradually stepped into the new normal from rapid growth,but the income level of farmers is relatively low,and the large income gap between urban and rural areas still exists.How to improve farmers’ income has become a problem that can not be ignored.After repeated appeals from the Party and the government,the implementation of the rural revitalization strategy has taken the promotion of farmers’ income increase through multiple channels as the main implementation path.At present,the development of rural finance still has problems such as ecology to be improved and low level of institutions,which restrict the development of rural finance to some extent.Financial services play a crucial role in the development of rural areas.However,as rural finance is still being developed in China’s rural areas for a short time,the relevant research on rural finance serving the increase of farmers’ income has not made enough progress,so it is very necessary to discuss the problem of rural finance serving the increase of farmers’ income.This paper first introduces the research background,research significance,research content and research methods of the topic.After defining the concept of financial development and farmers’ income,the related theories of financial development and rural finance are sorted out.Secondly,the current situation of the financial development in Laiwu district,the increase of farmers’ income,and the problems in the development of rural finance are discussed.On this basis,the panel data from 2011-2022 were used to test the regional heterogeneity and threshold effect,and the Hosman test was completed simultaneously.Finally,according to the economic development,the regions of Laiwu district were classified and returned,and found that the two dimensions of financial development have opposite effects on the increase of farmers’ income,among which the scale of financial development plays a promoting role,while the efficiency of financial development plays a restraining role.The study of this paper can not only promote the income of farmers through multiple channels,reduce the income gap between urban and rural residents,but also provide a theoretical basis for deepening the reform of financial development system.