| With the continuous development of rural agriculture and the promotion of rural land reform,the pilot work of rural land mortgage in China has been carried out smoothly.The mortgage of agricultural land management right adds a new way to farmers’ financing and can effectively alleviate the difficulty of farmers’ loans.However,in the actual business development process,farmers’ behavior rationality will have an impact on whether farmers carry out rural land management right mortgage financing.Therefore,it is necessary to analyze farmers’ rural land management right mortgage financing behavior rationality by studying farmers’ borrowing motivation,decision-making behavior and demand,and finally evaluate the implementation effect of rural land management right mortgage financing policy.Based on previous studies,this paper collects the data of Yueyang County,a pilot area of rural land management right mortgage in Hunan Province,and Huarong County,a non pilot area by means of questionnaire and in-depth interview,makes an empirical study by using binary logistic model and propensity score matching method,and analyzes the rationality and Implementation effect of farmers’ rural land management right mortgage financing behavior from the perspective of farmers’ credit availability.The study found that the mortgage financing of agricultural land management right did improve the credit availability of farmers in Yueyang County.The loan fund demand of farmers in Yueyang county mainly comes from agricultural production,so the loan fund has the characteristics of long term and large amount,so farmers prefer to borrow from formal channels.But at the same time,farmers’ decision-making behavior will be affected by factors such as borrowing cost and farmers’ agricultural land scale.Generally,farmers with large agricultural land scale will have higher enthusiasm to participate in the mortgage financing of agricultural land management right.The gender,age,education level and formal credit access of farmers have the most significant impact on the mortgage financing demand of farmers’ agricultural land management right.Finally,according to the results of empirical research,this paper puts forward some suggestions.First,we should start from the rationality of farmers’ behavior to stimulate the effective demand of farmers’ rural land management right mortgage financing.Second,we should enhance the enthusiasm of financial institutions to carry out business and better finance farmers.Third,we should continue to improve relevant laws to provide support for the continuous development of rural land management right mortgage financing business. |
