Activate sleeping capital to build a set of "approachable" rural financial services

A record of Rural Financial Innovation in Qionglai

As a typical agricultural county (city) in our province, Qionglai City has a total of 660000 people, including an agricultural population of 408400, a stable grain crop area of 660000 mu, an annual output of 1.33 million pigs and a total aquaculture area of 10530 mu.

In recent years, in order to promote the transformation and upgrading of agriculture, Qionglai has deepened the reform of rural property rights system and promoted rural financial reform on the basis of adhering to the basic management system in rural areas. by paying attention to the effective integration of financial support policies to agriculture and financial services, efforts have been made to form a development pattern of coordination between policy finance, commercial finance and cooperative finance.

Nowadays, with the continuous innovation of rural financial services, more and more "approachable" rural financial products are born in Qionglai, opening up a blue sky for alleviating the difficulty and high cost of financing. More importantly, flexible financial services accelerate the large-scale and intensive development of agriculture in Qionglai, continuously improve land output rate, resource utilization rate, labor productivity, and comprehensively upgrade agriculture.

Rural financial reform is taking the lead in driving into the deep water area from here.

A reform that is imperative

"as a major agricultural county, if Qionglai wants to accelerate the transformation of the mode of agricultural development, in addition to material, scientific and technological investment, it also needs mechanism and system innovation to break the bottleneck of development," said Jiang Xiaolin, director of the Qionglai City Co-ordination Office. In his view, because agriculture is a weak industry, its development needs more policy support.

Finance is the core support for the upgrading of agriculture, but this is a difficult problem that has plagued the development of the vast number of rural areas for a long time. "to put it bluntly, it is because of the lack of collateral to defuse the risk and the means to reduce the risk that banks and other financial institutions are unwilling to invest their money in rural areas." Wang Xiangru, director of the financial office of Qionglai City, understands that rural financing is difficult and expensive.

In order to smoothly guide the continuous flow of financial capital into modern agricultural development, Qionglai began a top-down financial reform: demand-oriented, focusing on system, platform services, risk prevention and control, product development and other aspects. continue to innovate rural financial products and services in order to speed up the agricultural transformation of Qionglai.

The reform is the first to solve the problem from the mechanism and system. Jiang Xiaolin, director of the Qionglai City Co-ordination Office, said: according to the method of classified promotion, on the one hand, we should increase non-financing services, establish an insurance system related to agricultural production and market fluctuations, and improve the resistance of agriculture to natural and market risks; at the same time, in order to stabilize the relationship of land transfer, actively carry out performance guarantee, and lay a good foundation for the development of large-scale agriculture. On the other hand, increase rural financial financing services, the free flow of factors of production between urban and rural areas, continue to promote the prosperity of the rural economy.

"an important symbol of developed modern agriculture is the improvement of rural financial services." Qionglai City Co-ordinated Office Deputy Director Mao Zhongxin said.

A craze triggered by non-financing guarantees

At the end of 2014, farmers in Zhongshan Community, Shuikou Town, Qionglai, the owner of the land transfer project and Chengdu Shouxin non-financing guarantee Company jointly signed an agreement. In this contract, which is valid for up to 20 years, farmers and project owners will pay fees to the guarantee company according to the standard of 20 jin per mu each year. On the other hand, the guarantee company guarantees the circulation of both parties.

"standardizing the performance behavior of farmers and investment enterprises is very important to stabilize the relationship of land transfer." Wei Sucai, deputy director of the Qionglai Agriculture and Forestry Bureau, said that with the emergence of the Zhongshan model, non-financing guarantee products have become the most anticipated thing for the majority of farmers and project owners in Qionglai.

In order to strengthen the policy support for stabilizing land transfer, the implementation opinions on establishing risk Prevention Mechanism of Rural Land transfer in Qionglai City was officially issued on June 25 this year. Qionglai will specifically list part of the financial subsidy policy for urban modern agriculture to be used for land transfer and performance guarantee fees, of which the guarantee fees borne by owners and farmers will be rewarded by 40% and 60% respectively. At present, a total of three cooperatives in the city have signed contracts, with a guaranteed circulation area of 3191.95 mu, and the guaranteed area for performance is expected to exceed 10, 000 mu this year.

In addition, in order to continuously improve the ability of agriculture to resist natural risks and market risks, Qionglai also established and improved the insurance system for the production of major agricultural products such as pigs, rice, corn and rape last year. It is reported that since the launch of the pig price index insurance system, Qionglai has implemented price insurance for more than 7000 live pigs on a pilot basis.