With the large-scale operation of agriculture in our country and the continual improvement of the mechanized production, the demand for large-scale farm machinery by new agricultural operators such as farmer cooperatives and family farms is also on the rise. However, the prices of such machinery at hundreds or even thousands of millions Most people can not afford it.
In response to this situation, in August 2015, the General Office of the State Council promulgated the Guiding Opinions on Accelerating the Development of the Financial Leasing Industry, encouraging financial leasing companies to support the development of modern agriculture and actively developing new types of products such as large grain growers, family farms and agricultural cooperatives In September of the same year, the General Office of the State Council issued the Guiding Opinions on Promoting the Healthy Development of Financial Leasing Industry, and explicitly proposed the establishment of the financial leasing business of agriculture main body to support the establishment of financing leasing business. For financial leasing companies that support agriculture, rural areas and farmers, and small and medium-sized enterprises, financial leasing companies should be encouraged to give play to the advantages of financing facilities, flexible terms and financial optimization, to develop products and services that are suitable for the characteristics of agriculture, rural areas and farmers at fair prices and to actively carry out large- Financial leasing pilot to support large-scale agricultural machinery, production facilities, processing equipment updates.
Xinjiang is the country's major cotton production base, planting area, total output, yield and acquisition for the first time in 19 consecutive years in the country, the current scale of production remained at 25 million mu, with a total output of 2.5 million tons.With the accelerated development of national manufacturing And the acceleration of the process of industrialization, labor shortage, labor costs rose rapidly, resulting in rising production costs of cotton farmers, the benefits continue to decline.According to estimates, per acre cotton harvest costs from 200-300 yuan a few years ago increased to 800-1000 Yuan, accounting for more than 35% of the cost of cotton production.One imported cotton picker on the market price of 3.3-4.6 million yuan, the vast majority of farmers due to the price is too high to buy, resulting in slow progress of local machine cotton picking in Xinjiang. According to statistics, the whole area of Xinjiang (local) cotton machine mining rate of less than 20%.
To solve this problem, the Ministry of Agriculture started a trial financing leasing project in the major cotton producing areas in Xinjiang. After a piece of cotton picking machine reached 3.25 million yuan, farmers only paid 30% of the down payment. The remaining amount was leased from ABC to the agricultural machinery As for the pilot projects, the interest paid during these three years is subsidized by the Ministry of Agriculture's financial items. In addition, the farmers also enjoy the agricultural subsidies of 400,000 yuan .
Large-scale farm machinery financing leasing allows farmers to change from 'direct purchase' to 'rent-first-buy-after-sale', greatly reducing the pressure of one-time investment and becoming a viable route to alleviating the difficulties of farmers purchasing loans and loans, and insiders pointed out that this model firstly Large-scale agricultural machinery purchase by means of financial leasing without mortgage, as long as the cooperative guarantee, or repurchase guarantees, alleviating the farmers' purchase of large-scale farm machinery due to the lack of effective pledge and facing the 'loan difficult' problem; secondly, as a financial leasing company In accordance with the benchmark interest rate or below the benchmark interest rate to provide financing loans, the financial certain agricultural machinery purchase subsidies and discount, which greatly reduces the cost of purchasing farmers to solve the purchase of agricultural machinery 'loan expensive' problem.