China’s top legislature on Wednesday approved a decision to extend a pilot program allowing farmers in selected areas to mortgage their land use rights and housing property rights. The decision was made by the Standing Committee of the National People’s Congress (NPC) at a bimonthly session, which ended Wednesday [27 December 2017]…Full Article: ECNS.cn Dec 2017
- In December 2015, China launched a land use pilot program in Beijing and Tianjin. The Beijing program entailed mortgaging contracted land use rights, while the Tianjin program entailed mortgaging rural property rights. The pilot program expired at the end of 2017 but was extended to 31 December 2018.
- In December 2017, China’s NPC was reviewing a draft revision of the Law on Farmers’ Specialized Cooperatives that promoted the equal legal status of cooperatives with other market entities. In addition, land management and forest rights for cooperative members would be expanded, while electricity usage by agriculture cooperatives will be charged according to agricultural production price standards and not the more expensive industrial production price standards.
- In June 2017, Standing Committee of the National People’s Congress (NPC) received a draft revision to the Law on Farmers’ Specialized Cooperatives for legislative review. The revision expanded the definition of cooperatives to include rural tourism, leisure agriculture, and arts and crafts.
- As of October 2015, according to the Ministry of Agriculture, China had 1.48 million registered Farmers’ Specialized Cooperatives (FSCs). Critics have noted that a large share China’s FSCs are not genuine smallholder cooperatives but instead sham cooperatives formed to take advantage of government subsidies and policies.
- 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 2008, China allows farmers to transfer/rent out their farmland.
- Launched in 2007, China’s Law on Farmers’ Specialized Cooperatives permits the creation of specialized cooperatives. These specialized cooperatives allow farmers who engage in similar agricultural output to pool resources.
- In 1978, China began redistributing collectivized farmland to farmers under the newly established household contract responsibility system.
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