Research On The Impact Of Digital Finance Development On The Credit Availability Of Farmers

In recent years,the Chinese government has been committed to strengthening the construction of the rural financial service system,and has continuously introduced relevant policies and measures to promote the extension of financial services to rural areas,so as to provide farmers with more convenient financial services.These efforts have led to the continuous improvement of the rural financial service system and the gradual reduction of financial service problems.Although we have made some phased achievements in promoting the "three rural" financial service system,such as vigorously developing rural credit cooperatives,promoting agricultural insurance,and improving rural financial infrastructure construction,there are still some factors restricting the daily production and operation activities of farmers.Among them,problems such as insufficient coverage of financial service network and single types of financial products still exist in some rural areas,which makes it difficult for farmers to obtain sufficient financial support in the operation process.In particular,under the current economic situation,some rural areas have been severely impacted,facing problems such as the breakdown of the capital chain and financing difficulties.Therefore,strengthening the construction of rural financial service system,improving the availability of credit to farmers,and expanding the coverage of financial products and services are of great importance to stabilize rural economy and promote sustainable development in rural areas.At present,the credit demand of farmers is far greater than the credit supply of financial institutions.Although the agriculture-related loans issued by major financial institutions show an increasing trend,their proportion in the total loans is still low.Therefore,the government can introduce corresponding farmer loan policies and guidance documents to encourage financial institutions to lower the entry threshold and improve the credit availability of farmers.The expansion of digital finance service scenarios can promote the deepening of inclusive financial services,covering many aspects from the most basic payment functions to money funds and credit services.If vulnerable groups such as farmers and weak economic entities can make full use of various service functions of digital finance,they can obtain more financial support,thereby improving their own economic conditions.Digital finance can improve the utilization efficiency of funds through reasonable resource allocation,so that investment can obtain higher returns.This is very important for rural residents facing financial difficulties.The popularization and promotion of digital finance can not only bring more financial support to vulnerable groups,but also promote the development of rural economy and promote the sustainable development of rural areas.Based on the above background,this paper adopts the binary logistic regression model and takes 428 tea farmers in Anxi County,a major tea-producing county in China,as the research objects.By analyzing relevant domestic and foreign literature and combining with field interviews,this paper studies the credit availability of farmers under the background of digital finance.First,based on the investigation and research and drawing on the experience of predecessors,targeted questionnaires are designed.This paper mainly takes the impact of digital finance on farmers’ financing behavior as the research content and asks questions in the questionnaire.It collects data on farmers’ credit availability by sending questionnaires online,hoping to summarize farmers’ credit situation from the questionnaire data.Find out about their use of digital finance and get more information about their actual needs and usage in the digital finance sector.Then,through the collation and induction of the collected data,descriptive statistical analysis is carried out from the five dimensions of farmer household characteristics,family characteristics,digital finance,credit products and financial institutions,and empirical analysis is carried out to explore the factors affecting the low credit availability of farmer households.Finally,SPSS software is used to establish a Logistic model on the questionnaire survey data,analyze the influencing factors and effects of the credit availability of farmers under the background of digital finance,and identify the key factors.Combined with relevant theories,this paper analyzes the impact of loan access,and puts forward targeted countermeasures and suggestions on how digital finance can help improve the credit availability of farmers...