China will improve agricultural subsidy policies in an effort to deepen rural reform, promote agricultural modernization and increase peasants’ income, the Ministry of Agriculture (MOA) announced Thursday [30 April 2015]. A total of 14 billion yuan ($2.3 billion) will be given directly to grain farmers. Another 20.4 billion yuan will go to farmers to promote good crop varieties. A total of 23.4 billion yuan will be used to support the appropriate management scale of grain, with a focus on big professional bodies such as family farms and farmer cooperatives…Full Article: China Daily May 2015
- The land use reform pilot program, launched in March 2015 by the Ministry of Agriculture, will be expanded in Jiangsu and Jiangxi provinces (nine additional pilot regions).
- In March 2015, China announced the launch of a pilot program that would permit the trade of rural land use rights for stakes in farming enterprises. In theory, farmers will be granted permission to give up these land rights for shares in farming enterprises. The pilot program was launched in three regions in Jiangsu, Sichuan and Guizhou, and in four counties in Heilongjiang, Shandong, Zhejiang and Chongqing Municipality.
- In 2014, according to China’s Ministry of Finance, farm machinery subsidies topped CNY 23.6 billion (US$3.9 billion).
- In December 2013, it was reported that China plans to initiate a farm land right program in two provinces in 2014, with hopes to expand the program to the entire country by 2015. The initiative began as a pilot program in 2008.
- From 2012 to 2013, according to an industry insider, China’s agricultural subsidies were expected to increase from 160 billion yuan (US$25.7 billion) to 200 billion yuan (US$32 billion).
- In 1978, China began redistributing collectivized farmland to farmers under the newly established household contract responsibility system.
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