Cangxi County Large Snow Pear Growers’ Financing Issues And Countermeasures Research

As one of the new agricultural operation subjects,the major planter played a distinctive and positive role in advancing industrial development in rural areas,promoting income growth of the peasants and driving rural revitalization.The snow pear has always been considered the pillar of agriculture in Cangxi County.Here,there are over 2,000 new agricultural operation subjects(i.e.major planters for snow pear.But the scale expansion,technical improvement and management optimization are greatly limited by the financing.Hence,it is very important and urgent for Cangxi County to analyze and solve the financing problems challenging the major snow pear planters.In the research,the field survey data of financing problems challenging major snow pear planters in Cangxi County was selected as the sample,and then their current financing status,causes and influence factors were further explored through the descriptive statistical analysis,empirical analysis and case analysis.The findings were as follows: Over 84% of major planters were challenged by the financial deficit and demand.Among them,the self-savings,private interest-free loans and bank loans were generally utilized for financing;The major planters were dramatically challenged by the financing difficulty and high financing price,where 52% of planters indicated large difficulty in financing and 93% of planters indicated high time costs and economic costs in the financing process;Financing difficulty was positively influenced by factors such as source of income and household debt,while factors like household income,health status,and policy support significantly reduced financing difficulty;Factors including the main source of income and household expenditure significantly and positively influenced the cost of financing,while factors such as household income,household size,and Sydney agricultural insurance were negatively related to the cost of financing.Finally,based on the research conclusions,this paper puts forward seven policy recommendations:(1)Improve farmers’ income and enhance the endogenous financing capacity of new agricultural operators to develop industries;(2)Establish a publicity mechanism,break down the information barriers in urban and rural areas to reduce the information imbalance between “banks-farmers”;(3)To promote farmers’ continuing education and accelerate the accumulation of farmers’ human capital to cultivate new farmers;(4)Improve rural formal and informal financial markets and the external financing environment for farmers to develop their industries;(5)Optimize policy support for the development of rural industries and reduce financing difficulties and costs for agricultural industries;(6)Speed up the establishment of rural property rights and market flow,and guarantee farmers’ mortgage rights for production financing;(7)Improve and innovate guarantee mechanisms for agricultural financing,and bring into play the role of various guarantee models.These recommendations are in order to provide a new reference for Cangxi County to solve the financing problem of large snow pear growers.