Accumulation of production capital and income growth of Chinese farmers in the post-poverty alleviation era: A study based on a two-way fixed effects model with CFPS data

  • 0Business School, Henan Mechanical and Electrical Vocational College, Zhengzhou, China.

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Summary

This summary is machine-generated.

Government subsidies boost rural income and farm machinery value, but their impact on ownership wanes for existing owners over time. Continued investment is key for modernization and poverty alleviation.

Area Of Science

  • Agricultural Economics
  • Rural Development Studies
  • Public Policy Analysis

Background

  • Agricultural mechanization is vital for modernizing agriculture and enhancing productivity.
  • Government subsidies are key policy tools for rural development, poverty alleviation, and agricultural modernization.

Purpose Of The Study

  • To analyze the long-term effects of government subsidies on farm machinery acquisition, rural household income, and capital accumulation.
  • To evaluate the impact of subsidies in the context of poverty alleviation and rural revitalization policies.

Main Methods

  • Analysis of government policies related to targeted poverty alleviation and rural revitalization.
  • Longitudinal assessment of the impact of subsidies on agricultural machinery value and ownership rates from 2016 to 2020.

Main Results

  • Government subsidies significantly increased per capita net income in rural households.
  • For households already owning machinery, subsidy benefits diminished over time post-poverty alleviation.
  • Subsidies enhanced agricultural machinery value, with ownership rates fluctuating but showing no significant improvement by 2020 compared to 2016.

Conclusions

  • While subsidies initially boost income and machinery value, sustained mechanisms are needed to ensure long-term benefits and capital accumulation.
  • Encouraging capital accumulation through subsidies and income is crucial for consolidating poverty alleviation achievements and promoting rural modernization.

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