Do a good job in the system design of mortgage of land management right

The prerequisite for the development of modern agriculture is to master enough capital. Only when a large number of sleeping assets of farmers are transformed into capital that can "generate money", can farmers' pockets be bulged more quickly. At present, the focus of social attention is focused on the mortgage of rural land management rights. In order to make the land mortgage successful, we must stabilize the land income right and transfer the land management right, and solve the problems of the four links.

The first is the confirmation of authority and certification. Most farmers do not want to pledge the contracted management right to the bank, and the government can issue the management certificate separately, which can be used as mortgage. Zaozhuang, Shandong Province has already put it into practice. In order to deal with the risks such as failure to pay the transfer fee and land abandonment in case of loan default, the mortgaged land must obtain the consent of farmers and collectives.

The second is the link of value evaluation. Farmers have their own contracted land that can be mortgaged, and the amount of mortgage should mainly depend on the transfer fees. in order to ensure that farmers have a source of income, the proportion or duration of mortgage should be limited. If the mortgage leased land has paid the transfer fee, once the bank disposes of the land management right, the receiver only needs to repay the loan. Due to the low mortgage rate, the loan repayment amount may be lower than the direct land lease cost, and the management right can be transferred smoothly. If the transfer fee is not paid, the receiver will have to pay both the transfer fee and the loan, which is higher than the cost of direct land lease, and the management right will not be transferred. And the lender can get the loan almost without paying the cost, so it is easy to cheat the loan, so the land mortgage is not feasible. However, if the lender significantly increases the level of land output through infrastructure construction, or the land transfer contract price is much lower than the current market price, and the land appreciation exceeds the bank loan, then even if the transfer fee is not paid, the cost of obtaining the land management right is also lower than that of direct land lease, and land mortgage is also feasible.

The third is the registration and circulation link. Relying on grass-roots agricultural economic stations, we can build a tangible rural land circulation market, expand and strengthen service functions, and carry out work such as confirmation of value, registration and mortgage, auction of transfer management rights, and so on. In order to prevent repeated mortgages and unauthorized disposal of mortgaged land, it should be stipulated that land mortgages must be registered with the agricultural sector. The mortgage registration information system realizes regional networking and information disclosure, so that both banks and renters can query the mortgage situation.

The fourth is the risk disposal link. The government shall set up corresponding institutions to manage the mortgaged land on behalf of the bank, and purchase the land management right from the bank when the land cannot be transferred. The institution should operate according to the market-oriented mechanism and be responsible for its own profits and losses. At the same time, establish a risk-sharing and benefit compensation mechanism to encourage banks to do a good job in land mortgage business.