ABSTRACT
Since the beginning of the 21st century, the Chinese government and the financial sector have been strengthening their efforts to promote financial services to farm households. However, what are the credit demand and its satisfaction of farm households? How about the availability of farmers’ credit? Based on the survey data of 1730 farm households in 9 counties of three provinces, this research shows that the demand for farmers’ credit is still strong, informal credit is still the main channel for farmers to meet their credit demand, farmers’ credit rationing is still serious, mortgage and guarantee are still the main way for farm households to obtain formal credit, the availability of farm households’ formal credit is still low, and the degree of self-exclusion of farmers’ financial services is still high. The credit demand of farmers with different production and operation modes and income levels and small-scale farmers is still relatively strong. In order to improve the availability of farmers’ credit, it is necessary to further relax market access control from the perspective of financial supply, integrate county-level financial supervisions, implement special financial institutional arrangements conducive to improving farmers’ and small and micro enterprises’ access to credit, and conduct the structural adjustments on the demand side.
