国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Decades-old farm subsidy system to be phased out

By ZHAO YINAN (China Daily) Updated: 2014-06-26 07:23

China is moving to replace decades-old agricultural subsidies with a more flexible pricing mechanism, as domestic harvests in the world's largest grain importer are expected to see their 11th consecutive year of growth.

Experts say the change will not endanger food security nor result in steep price drops in major agricultural products.

Decisions to scrap the minimum purchasing price for rice, the temporary storage policy for soy and cotton and other agricultural subsidy policies were made on Wednesday at a State Council executive meeting led by Premier Li Keqiang.

Under the new policy, the government will set up a target price for each kind of major agricultural product. Farmers will receive subsidies from the government when the market price is below the target, while low-income groups will receive subsidies when the market price sours.

The reform, which aims to restore a market-oriented pricing mechanism, as domestic grain prices are usually above the global price, will be conducted first from selected areas and particular types of agricultural products.

According to a statement released after the meeting, soy and cotton will be first in line to test the concept before the policy is applied to other major agricultural products, such as wheat, rice and corn.

China gradually has set up various subsidy policies since 2004 to shore up grain prices and protect the motivation for farming.

These subsidies, along with the removal of the agriculture tax, have somehow contributed to the country's decadelong growth of grain output. But analysts argued that the minimum purchasing price, which is much higher than the market, has resulted in a considerable price discrepancy between the domestic and global markets.

This year, the government increased its mandated minimum purchasing price for wheat by 70 percent to ensure food security.

As Wednesday's meeting pledged more market involvement in the pricing of agricultural products, the central government's responsibility for price controls will be mainly seen with "grains, cotton, oil plants and sugar plants", the statement said.

"Under the premise of self-sufficiency and food security, policies on imports and exports and the storage of grains will be adjusted to prevent steep price fluctuations," it said.

"The harvest of the summer grain crop this year is settled,... but the shortage of storage rooms has become a problem," the statement said, pledging that the country will build another 100 billion metric tons of storage capacity by 2015.

Decades-old farm subsidy system to be phased out

Decades-old farm subsidy system to be phased out

Farm price targets 'will stabilize domestic market' Xiamen lowers farm product price through subsidy plan

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
新干县| 西藏| 孙吴县| 鄂伦春自治旗| 潼南县| 金溪县| 崇礼县| 中宁县| 临高县| 灌云县| 榆林市| 武城县| 成安县| 全州县| 泰州市| 吉木萨尔县| 罗定市| 文安县| 济源市| 阿克| 南澳县| 白山市| 平昌县| 洞头县| 腾冲县| 太谷县| 洪湖市| 武威市| 洮南市| 冷水江市| 漠河县| 綦江县| 桃园市| 杨浦区| 化州市| 江川县| 买车| 崇明县| 平乐县| 弥勒县| 历史|