TITLE:
Formal Financial Credit Constraints and Solutions for Entrepreneurial Farmers
AUTHORS:
Xiaoyan Zhang
KEYWORDS:
Formal Financial Institutions, Entrepreneurial Farmers, Credit Constraints, Mortgage Guarantees, Risk Control
JOURNAL NAME:
Modern Economy,
Vol.9 No.12,
December
27,
2018
ABSTRACT: With the deepening of China’s economic reforms, in
the process of gradual diversification of farmers’ incomes, the income growth
brought by farmers’ entrepreneurship plays an important role in increasing
farmers’ income. The importance of formal financial support for entrepreneurial
farmers is self-evident. However, due to various factors between entrepreneurial
farmers and formal financial institutions, the supply and the demand of formal financial credits of entrepreneurial farmers are
unbalanced. This paper firstly analyzes the formation of formal financial
credit constraints of entrepreneurial farmers by combining the current
situation of supply and demand of formal financial credits of entrepreneurial
farmers, and then proposes countermeasures to alleviate the formal financial
credit constraints of entrepreneurial farmers.