Abstract:

Based on a survey from a random sample of 591 farmer households distributed in 28 administrative villages of 9 townships of 3 counties (cities) in Lishui, Zhejiang, this paper studied factors influencing demand behavior of collateral loan with their forest property and analyzed the relationship between these factors and the demand of collateral loan with forest property by using a Probit model. The result showed that determinants of demand for the collateral loan by farmer households mainly included personal characters of main members in household, purpose of loan, the number of labor force, expenditure of households. In addition, this paper discussed demand status of collateral loan with forest property for farmer households and proposed some policy suggestions for further promoting the demand of forest property collateral loan.

Key words: farmer households, forest property collateral loan, credit demand, influence factors, Probit model