This paper attempts to conduct a comparative analysis of the two typical farmland transfer models introduced by Chongqing in its comprehensive coordinated reform experiment for balanced urban and rural development: i) the "pooling of land as shares" in Qilin village, Changshou district; and ii) the "homestead/house swap, contracted land/ social security swap" in Jiulongpo district. It is estimated that the former model offers lower land appreciation benef its than the latter; the former faces greater operational risks, whereas the latter can to a certain extent mitigate risks by boosting regulatory control and reasonable government guidance. The homestead/house swap, contracted land/social security swap model is therefore the preferred choice. It can solve a series of social security problems that arise after peasants are divorced from land and enable peasants to garner higher land appreciation benefits through farmland transfer.
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