Abstract
The transfer of rural land contractual management rights belongs to the recessive transition of land use. The mortgage of rural land management rights is a way of rural land circulation, and has an important impact on the transformation of land use. Rural land management rights mortgage loans can enable farmers to obtain more credit funds, which is conducive to agricultural development and Rural Revitalization. However, with the development of rural land mortgage financing, the associated risk has become increasingly prominent. The most typical risk is the default risk of farmers’ mortgage loans. Based on court decisions regarding rural land mortgage default during 2014–2020, this paper analyzes the characteristics of farmers’ default in different periods and locations. The empirical results reveal that the time and space of rural land mortgage default cases are widely distributed in China, especially in Heilongjiang Province. In the default judgement, the loan amount of CNY 50,000 to CNY 100,000 and the loan periods of 1 year accounted for the highest proportion. When making mortgage loan policies for rural land management rights, financial institutions should give farmers the most preferential treatment regarding the amount, term and interest rate of loans. Farmers’ social security should be improved, and agricultural insurance should be strengthened. Meanwhile, the credit review of small and short-term loan farmers should be heightened.
Highlights
China is a large agricultural country where agricultural land is the foundation of the rural social and economic system [1,2]
The mortgage of rural land management rights is a way of rural land circulation, which will have an important impact on the transformation of land use
On 27 December 2015, authorized by the committee of the National People’s Congress (NPC), the State Council implemented “The Property Law” and “The Guarantee Law”, outlining the provisions that the right to use collectively owned cultivated land shall not be mortgaged in the administrative areas of 232 pilot counties
Summary
China is a large agricultural country where agricultural land is the foundation of the rural social and economic system [1,2]. After a long period of practice, the system of agricultural land mortgaging in developed countries is relatively mature [10,11]. The transfer of rural land contractual management rights belongs to the recessive transformation of land use. The mortgage of rural land management rights is a way of rural land circulation, which will have an important impact on the transformation of land use. Rural land management rights mortgage loans can enable farmers to obtain more credit funds, which is conducive to agricultural development and rural revitalization
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