Analysis of Nongjiale Cluster Financing Prospects
|School||Zhejiang Forestry University|
|Course||Rural and Regional Development|
|Keywords||Cluster financing Nongjiale Farmer households Financing|
This paper analyses the general theories of the cluster financing on the basis of the general. mainly for the SME cluster financing this new financing in the farmhouse cluster financing, and has carried on the analysis to the farmhouse cluster financing conditions, the value and the basic pattern. Finally, the paper takes Zhejiang Hangzhou TianmuShan Zhen Gao Ling Cun of farm as an example, analyzes the Gao Ling village farmhouse farmers financing situation, financing will cluster and its structure, cluster financing choice possible model and external conditions etc.. The main contents and conclusions of this paper are:(1) As the single financing body farmers, credit scale is generally small and do not have economies of scale, lack of high value, high liquidity and collateral, the bank has serious asymmetric information between. The cause of rural financing problems. Farmers’financing difficulties facing small and medium-sized enterprises, and in the process of financing difficulties have very similar, but comparing the two reason, also has a large degree of consistency. Since the cluster financing can alleviate the SME credit constraints, solve the financing difficulties of SMEs cluster financing, then of course can also be used as a soothing farmers Entrepreneurship (such as farm credit constraints facing), effective way of financing to solve the financing difficulties of farmers. Therefore, Nongjiale cluster financing is the essence of replication and migration of SME clusters financing thought, is the peasant household financing innovation. Although the farm is taking household as the basic management unit, but Nongjiale project tend to cluster form. The farmhouse is not only the formation of clusters, and formed a relatively complete Nongjiale tourism industry chain, created the objective conditions for the farmhouse cluster financing. Secondly, Nongjiale cluster except between farmers operating in the same project which is a basic link, also have blood, genetic, geographical link multiple clusters, is conducive to the protection of farmers participating in the cluster financing joint performance, which constitutes another advantage Nongjiale industrial cluster financing.(2) Management of farm households relatively centralized and fixed, the bank can obtain the relative cluster financing farm information at low cost, fully understand the development of rural tourism. thus the decision whether to grant the loan and the level of loan interest rates, reducing the probability of agricultural households operating in adverse selection and moral risk. The development of clusters of household farm management depends on the cluster reputation and brand, are built on the basis of mutual trust, internal reputation mechanism also helps in Nongjiale cluster financing farmers implement loan contract, reduce bank credit risk. At the same time, Nongjiale cluster financing can effectively improve the peasant household mortgage guarantee condition, and has scale effect to reduce the cost of financing. From the cluster financing mode of small and medium-sized enterprises industry, farm music industry cluster financing can have three modes:large scale of operation of the Farm Security cluster financing mode, administrative village loan cluster financing model, financing model, cluster. (3)Tianmu Shan Zhen Gao Ling village farmhouse farmers financing present situation is:to expand or maintain farm scale, there is a big financing needs of farmers, but the current financing channels mainly rely heavily on outside the system of informal financing, not only the high cost and the quantity is limited, there is a serious funding gap for the next three years. Therefore, Gao Ling village farmhouse farmers substantially facing dilemma of low cost of formal financial serious constraints. There is strong demand for formal credit financial farm farmers, the premise is to solve the lack of formal credit in the cumbersome procedures, high transaction costs. This lack of financing and single households with low credit, loans to small scale, information asymmetry is closely related to. But this is exactly the basic household industry cluster financing emerge as the times require. Investigation shows that the new financing methods such as cluster financing can solve the farmhouse farmers concern, reassure them, most farmers are willing to participate in the management of rural tourism cluster financing.(4) The results showed that, the financing mode of Nongjiale guarantee cluster financing mode, administrative village loan cluster financing mode and Nongjiale cluster mutual guarantee business scale are Nongjiale farmers acceptable specific cluster financing mode. Through the exchange of discovery, farmhouse farmers more acceptable after two kinds of cluster financing mode, the reason is the government intervention. This also shows the government to promote and participate in the farmhouse cluster financing is the important guarantee of success. Nongjiale cluster financing in spite of the large scale of operation of the Farm Security cluster financing mode, or the administrative village loan cluster financing mode, or farmhouse cluster mutual guarantee financing mode, are inseparable from the external factors necessary. These external factors mainly include the government, Nongjiale growing industry cluster and the relevant intermediary cultivation etc..