Acta Agriculturae Zhejiangensis ›› 2025, Vol. 37 ›› Issue (1): 231-244.DOI: 10.3969/j.issn.1004-1524.20231296

• Agricultural Economy and Development • Previous Articles     Next Articles

Financing constraints, green subsidies and adoption of green production technologies in family farms

QIAN Han1(), WEN Changcun2, LIU Qiang1,3,*()   

  1. 1. College of Economics and Management, Zhejiang A&F University, Hangzhou 311300, China
    2. Institute of Rural Development, Zhejiang Academy of Agricultural Sciences, Hangzhou 310021, China
    3. Research Academy for Rural Revitalization of Zhejiang Province, Zhejiang A&F University, Hangzhou 311300, China
  • Received:2023-11-14 Online:2025-01-25 Published:2025-02-14

Abstract:

Financing constraints are an important factor restricting the adoption of green production technologies in family farms. Based on the survey data of family farms in Zhejiang, Anhui, Shandong, Hunan and Sichuan provinces of China, the coefficient of variation was adopted to measure the degree of adoption of green production technologies in family farms, and the influence of financing constraints on the adoption of green production technologies in family farms was empirically analyzed, as well as the regulating effect of government green subsidies. It was found that financing constraints significantly negatively affect the adoption of green production technologies in family farms, and the adoption of agricultural green technologies decreased by 7.98% for each unit increase in the intensity of financing constraints. There were significant differences in the impact of financing constraints on the adoption of different types of green production technologies, and green certification technologies receieved the greatest negative impact of financing constraints. The effect of green subsidies in alleviating the negative effect of financing constraints was not obvious, but it aggravated the inhibitory effect of financing constraints. The heterogeneity analysis showed that family farms run by low-educated and older farmers were more easily influenced by financing constraints on the adoption of green production technologies. Small- and medium-sized farms with low operating incomes and low labor inputs were also more negatively affected by financing constraints. Easing financing constraints and optimizing the regulating role of green policy subsidies are the keys to promote green agricultural development and transformation.

Key words: financing constraints, green production technology, green development of agriculture, family farm, green subsidies

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