The Farmers Bank of China
The formation of the Farmers Bank of China in 1935 was a pivotal point in the process of agricultural reconstruction during the Republican era. An offshoot of the blueprint for agriculture, as previously discussed, the Farmers Bank evolved more along the lines of a commercial bank than a cooperative lending institution as envisioned in the blueprint. But it was a start at financial sector development for agriculture and an integral component of rural reconstruction nonetheless. In this chapter we show how the Farmers Bank of China represented part of a broad historical process which represented the efforts of the state to deepen and strengthen its command over rural society which distinguished the first half of the twentieth century from earlier times.