Research on Digital Finance in Promoting the Development of the Agricultural Industry

Abstract

This paper takes the sample of 31 provinces (municipalities and autonomous regions) from 2011-2019 to study the influence of digital finance development on the development of agricultural industry. The study found that digital finance can reduce information asymmetry and farmers financing costs, thus reducing financing difficulty and expensive financing, timely loan to ensure the smooth progress of agricultural production; and farmers' agricultural activities is directly reflected in the regional agricultural GDP, meaning that the extensive development of digital finance will promote the development of agricultural industry.