作　　者： ;

机构地区： 华南理工大学工商管理学院

出　　处： 《运筹与管理》 2021年第9期187-193,共7页

摘　　要： 农业是国民经济的基础,但农业融资一直存在许多困难。本文在考虑农户的破产风险,产出随机性以及市场需求不确定的基础之上,构建由单一公司与资金约束的单一农户构成的订单农业供应链决策模型,得到了农户在面对银行信贷、贸易信贷、组合信贷时的最优决策的选择策略。研究表明,当公司利率大于银行利率且农产品生长周期较长,或者当公司利率小于银行利率且农产品生产周期较短时,农户应在银行利率较小时选择银行信贷,在银行利率较大时选择贸易信贷。而在其余情况中,农户需要综合考虑农产品价格敏感系数等因素来决定是否选择组合信贷模式。 Agriculture is the foundation of the national economy,but there have been many difficulties with agricultural financing.Agricultural supply chain finance provides a new financing way for the agricultural modernization and promotes the development of agriculture.Considering the bankruptcy risk of farmers,the randomness of output and the uncertainty of market demand,this paper establishes a decision-making model of order agriculture supply chain composed of a single company and a single farmer with capital constraints,and analyzes the optimal decision-making behavior of the company and the farmer under different financing modes.The results show that under the bank credit,the increase of bank interest rate will reduce the farmers’income.But in the portfolio credit,this result is not invariable,too high or too low corporate interest rate and bank interest rate will damage the farmers'income.When the company interest rate is greater than the bank interest rate and the growth cycle of agricultural products is long or when the company interest rate is less than the bank interest rate and the growth cycle of agricultural products is short,the farmer can choose the bank credit to obtain the optimal income when the bank interest rate is small,and the farmer should choose trade credit when the bank interest rate is large.In other cases,the farmer needs to consider factors such as the price sensitive coefficient to decide whether to choose the combination of credit model.

关 键 词： 供应链金融 订单农业 组合信贷

领　　域： [经济管理—产业经济]