Research on the Credit Availability of Farmer Households and the Optimal Amount of Credit:Based on the Collateral Substitution of Agricultural Insurance

Abstract

Abstract:

Based on the agricultural insurance related literature review,this paper builds models from the borrower (i.e.farmer household) and the lender (i.e.financial institutions)'s welfare maximization perspective,analyzes the intrinsic mechanism of agricultural insurance as collateral substitution and rural credit in-depth,and puts forward the corresponding hypotheses.Then,this paper further uses the survey data of farmer households in Henan for empirical test.Through the Logit regression model and Tobit regression model,it finds that the agricultural insurance as collateral substitution signal can effectively alleviate the credit rationing of farmer households,increase their credit availability and credit amount.The research results have important theoretical and practical significance for the better functioning of bank and insurance financing,the strengthening of rural inclusive financial services and the solving of problems in rural financial services.

Key words: credit rationing, agricultural insurance, credit availability

Ren Le, Wang Xingyu, Zhao Hui. Research on the Credit Availability of Farmer Households and the Optimal Amount of Credit:Based on the Collateral Substitution of Agricultural Insurance[J]. , 2017, 29(6): 32-42.

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