Probe - Accounting, Auditing and Taxation

Innovation of agricultural supply chain finance modes and application in financing for small and micro agricultural enterprises

Zijian Luo

South China Sea Fisheries Research Institute, CAFS

DOI: https://doi.org/10.59429/paat.v7i4.12457

Keywords: supply chain finance; small and micro agricultural enterprises; financing constraints; mode innovation; technology empowerment; risk management; inclusive finance

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Abstract

Drawing on fieldwork and data in Shouguang, Zhoushan and Luohe, this study examines the financing challenges of small and micro agricultural enterprises (SMAEs). First, it reveals banks' reluctance to lend because of insufficient collateral, unverifiable data and poor credit history. Second, this study presents three innovative supply chain finance (SCF) strategies—Order financing, technology empowerment, and core enterprise credit enhancement. Third, it addresses two critical pain points (data fragmentation, risk transmission) with field-tested solutions. The model's real impact (e.g., reducing loan approval time from 15 days to 4 hours) demonstrates its value as a practical tool that directly tackles the financing needs for SMAEs.

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References

[1] Ministry of Agriculture and Rural Affairs. Survey Report on Financing Capacity of New Agricultural Management Entities [R]. 2022:15–18.

[2] Shouguang Municipal Government. Evaluation Report on Vegetable Industry Chain Finance Innovation Pilot [Z]. 2023.

[3] Zhoushan Municipal Government. Evaluation Report on "Yulian Tong" Fishery Supply Chain Finance Pilot [Z]. 2023.

[4] COFCO Trust. White Paper on ROI Measurement of Agricultural Product Supply Chain Finance [R]. 2024.

[5] Guangdong Provincial Department of Finance. Operational Guidelines for Agricultural Supply Chain Finance Risk Compensation Fund [Z]. 2023.