Abstract: Based on the analysis of the impact path of Inclusive Finance on agricultural industrialization, this paper uses the panel data of China's 30 provincial administrative regions from 2006 to 2017 to evaluate the development level of rural Inclusive Finance and agricultural industrialization in multiple dimensions. The results show that rural inclusive finance has a significant spatial spillover effect on the improvement of agricultural industrialization, and the level of economic development, the number of years of education in the primary industry, and agricultural fixed asset investment have a positive role in promoting the level of agricultural industrialization.The impact of rural inclusive finance on agricultural industrialization coexists in direct and indirect channels under different weight matrices, and it has a characteristic of increasing marginal effects as the level of economic development increases. The impact of digital financial inclusion on agricultural industrialization shows a trend of diminishing marginal effects.

Key words: rural inclusive finance, agricultural industrialization, spatial effect, threshold effect