Abstract

The personal loan between farmers is a kind of personal loans, which is widespread in rural and has a long history. Since three decades of reform and opening-up, the farmers#x2019; economic conditions are getting better. Although the formal financial institutions has been covering the whole cities and counties, the farmer#x2019;s personal loan have never stopped. The motivation of farmers#x2019; personal loan has been gradually changed from the living consumer loan to the production operation loan. And the practical application of the use shows a trend of non-agricultural loan. In economically developed areas, the farmers are more willing to borrow money from the informal financial institutions, thus raises many legal issues. Specification the behavior of farmers#x2019; personal loan mainly starts with the acquaintance of the loan policy and government regulation.