Agricultural Development Loan Supply Chain Finance Provides Solutions For Improving Cotton Quality And Efficiency In Xinjiang

Gao Shiqiang, a native of Zhaotong, Yunnan, went to Xinjiang to pick cotton with her parents at the age of 18. Now he has been in Xinjiang for 14 years.

Compared with his father's purely artificial cotton picking, Gao Shiqiang not only planted 800 mu of cotton in Changji, but also had a new pattern of cotton picking.

"In addition to the southern Xinjiang and other parts of the cotton picking by manpower, other cotton areas in Xinjiang basically realize mechanization operations."

Gao Shiqiang said.

Xinjiang is the largest cotton producing area in China and occupies an important position in China's cotton industry.

In recent years, along with the adjustment of the national "one belt and one way" construction and the adjustment of domestic industrial policies, Xinjiang's cotton industry is facing new situations and new requirements of industrial optimization, deepening reform and quality improvement. Accelerating the development of Xinjiang's cotton industry to high quality is not only the requirement of Xinjiang's local economic development, but also the necessity of the development of China's cotton industry.

With the acceleration of land pfer in Xinjiang, large-scale cultivation is making it possible for mechanized harvesting.

In addition to the support of traditional financial institutions such as banks,

As a useful supplement, financial support also provides speedy service for cotton growers in Xinjiang.

Gao Shiqiang is one of the beneficiaries.

He told reporters that he borrowed 200 thousand yuan from the agricultural loan this year to buy agricultural money.

With the support of this fund, Gao Shi Qiang's cotton growing scale has been expanded from 500 mu in 2017 to 800 mu in 2018. This year, the output is estimated to be 400 kilos per mu.

"Agricultural development loans are fast, and for our farmers, we can not afford to lose money when we rush to use money, such as seeds, pesticides, fertilizers and temporary workers.

In October, when the key point of mechanical cotton picking is, the timely arrival of funds is more important.

Li Aibo, a farm machinery merchant serving Gao Shiqiang, is also a customer of the agricultural development loan service.

Through more than ten years of accumulation, he has bought more than ten machines, of which 6 are Everbright cotton pickers, serving about one hundred thousand acres of cotton fields in the area.

"These imported machinery are especially expensive, and millions of dollars are needed for light maintenance before the cotton harvest season. And the oil and labor costs of the collection season are also several million yuan.

Luckily, the agricultural development bank gave me 1 million yuan credit to help me revitalize the business.

Li Aibo said.

It is understood that as a focus on Agriculture

The loan will be recommended to its capital end platform, the cuckoo farm.

Data showed that as of October 2018, there were nearly 600 family farms, agricultural distributors, agricultural machinery service enterprises in Xinjiang, and the total number of financial services exceeded 290 million yuan.

These funds serve Xinjiang's agriculture, one of which is Xinjiang's characteristics.

It provides the whole industry chain financial services for agricultural distributors, agricultural machinery service providers, growers and purchasers.

Big data filter client

On the one hand, we should provide suitable and timely services for cotton farmers and agricultural distributors. On the other hand, we need to prevent and control risk through a small number of teams.

Xinjiang district director of agricultural development loan Xin Hui told reporters that Xinjiang

As a strategic reserve material, there is a national purchase price guarantee. From the three aspects of output, quality and price, Xinjiang's cotton industry has a long-term advantage.

Therefore, the cotton industry is also one of the most important industries in Xinjiang.

After selecting the industry, customer selection is the top priority.

"The bank looks at hard assets. What we are looking at is the management capacity of the farmers," he said.

In line with the adjustment, in terms of access conditions, the agricultural development loan will assess its profitability and risk resistance ability in terms of working life and planting level, and inspect its stability through family status, so as to ensure long-term willingness to engage in agriculture.

At the same time, agricultural development loan will collect large data from the upstream and downstream of the industrial chain, and verify the authenticity of the data cross validation.

"For example, through the land pfer contract, confirm the scale and rent; through the upstream agricultural distributors of the customers, clearly understand their years of agricultural consumption records, so as to understand their planting level and agricultural input by using fertilizer, and understand the output and income level through the data of the purchasers."

By introducing the real upstream and downstream data, we can basically analyze the investment and income of customers, and then check the bank's water flow, account books and so on.

Agricultural development loan will also be able to fully grasp the borrowers' family status, planting level, trustworthiness, hidden debts and so on through field visits to other growers, acquiring company and distributors in the circle.

"The countryside is an acquaintance society. The planting circles are familiar with each other."

Exhibition Xinhui introduced.

Post loan management is also an important part of the risk control of agricultural development and loan.

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For example, according to the cotton growing cycle, when the sowing time was in April, the agricultural development loan investment manager would call to consult the customer situation; when 2 months later, when the fertilizer was used, the investment manager would contact the dealer to confirm the farmers' use of agricultural materials; by the end of 9-10, the investment manager would often contact the customers to consult the production and sale prices this year.

In this way, the agricultural development loan can be tracked in the whole process, so as to ensure the safety of funds.