Empirical study on the fish farmers’ willingness to participate in the Chinese rural cooperative financing organizations

ABSTRACT

This article attempts to identify the key factors which potentially contribute to the fish farmers’ willingness to participate in the new-form of the rural cooperative finance organization (NFRCFO) sponsored by the Chinese governments. A total of 116 fish farmer households as well as small-micro agricultural enterprises are sampled from the villages of Liaoning province in China. A discrete LOGIT model is used for parameter estimations. The results show that most of the factors being considered exhibit statistically significant effects on the fish farmers’ willingness to take part in the NFRCFO following by addressing the associated policy implications.

KEYWORDS:

• Fish farmers
• rural cooperative finance
• willingness to participate
• LOGIT model

JEL CLASSIFICATION:

• D14
• D12

Acknowledgments

At the point of finishing this paper, we’d like to express my sincere thanks to all those who have lent me hands in the course of my writing this paper, than was supported by Funding (No. 53-3151-2-00017) from the Sino-US International Collaboration Project conducted by Tarleton State University, Texas A&M University System and the Project of 'Research of sustainable development path of fishery economy in Liaoning province' (No. 201738) conducted by Department of Ocean And Fisheries of Liaoning Province.

Disclosure statement

No potential conflict of interest was reported by the authors.

Additional information

Funding

This work was supported by the Project of ‘Research of sustainable development path of fishery economy in Liaoning province’ by Department of Ocean And Fisheries of Liaoning Province [No.201738];“the Sino-US International Collaboration Project” by Tarleton State University, Texas A&M University System [No. 53-3151-2-00017].