The Potential Supply and Demand of Farmers’ Land Contract Rights-Based on 697 Households in Four Provinces of China

Abstract

A new urbanization and rural revitalization strategy has been implemented in China over a number of years, under which farmers’ land contract rights (LCRs) flow inevitably through various means. The practice in reform pilot areas indicates that government funds cannot meet all the needs, so exploring market-based LCR payout paths is important for rural land tenure system reform. The purpose of this study is to answer questions such as the following: How would farmers respond if they were allowed to trade LCRs? Is there an equilibrium point between the potential supply and demand of LCRs? Which factors would affect the potential supply and demand of LCRs? In this study, 697 valid questionnaires from Ningxia, Hebei, Henan, and Shandong provinces, China, were used for analysis by the multiple bounded discrete choice (MBDC) method and MBDC-Tobit model. The results show that there is a potential market among rural collective households in China, with an equilibrium price of ¥27,800/mu ($59,714.4/ha), and a proportion of farmers who are willing to buy or sell LCRs is around 10.0%. The factors affecting the potential supply and demand of LCRs include land grade, average agricultural income per unit, total money to buy urban houses and cars, age, number of household members with a college education or above, and risk appetite. If the institutional barriers that hinder LCR transactions were eliminated, the potential supply and demand of LCRs would be matched, and the market would provide funds for next-stage reforms.

Farmers’ Willingness to Gather Homesteads and the Influencing Factors—An Empirical Study of Different Geomorphic Areas in Chongqing

“…Therefore, a full study of the factors influencing farmers' decisions is an important part of the implementation of homestead gathering optimization. Studies have focused mainly on farmers' willingness to withdraw from homestead and farming land [52][53][54], and studies on farmers' willingness to gather homesteads have covered only economically developed areas and plains farming areas [55,56]. Research on farmers' willingness to gather homesteads in a southwestern hilly mountainous region is lacking.…”