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The reform of agricultural subsidies during the 13th five-year Plan will focus on supporting cultivated land and grain.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, According to China Securities Network, in view of the obvious internal and external prices of some major agricultural products, the huge inventory of agricultural products, and the low income of farmers from farming, the state will carry out a series of reforms in the subsidy system and agriculture-related financial investment during the 13th five-year Plan period.

According to China Securities Network, in view of the obvious internal and external prices of some major agricultural products, the huge inventory of agricultural products, and the low income of farmers from farming, the state will carry out a series of reforms in the subsidy system and agriculture-related financial investment during the 13th five-year Plan period.

According to the Economic Information Daily on September 17, with regard to the measures for the reform of China's agricultural subsidies in the coming period of time, a number of experts have revealed that they will adjust government subsidies that distort production and trade (a kind of "yellow box" policy). Gradually expand the scale and scope of the "green box" policy. The pilot project of agricultural subsidy reform launched recently is an important practice. Specifically, the three subsidy policies of the main body of agricultural subsidies in China, namely, subsidies for improved varieties of agricultural products, direct subsidies for grain farmers and comprehensive subsidies for agricultural materials, are merged into "agricultural support and protection subsidies". The policy objective is adjusted to support the protection of cultivated land and the appropriate scale operation of grain.

In terms of the mode of financial investment related to agriculture, the key point is to establish a stable growth mechanism of agricultural and rural investment, but to sort out the agriculture-related transfer payment funds which are "small, scattered and chaotic" and have no obvious effect. for agriculture-related special funds with similar goals and similar investment directions, the local expenditures with the advantage of management information are divided into general transfer payment blocks.

The pilot agricultural subsidy reform has merged three major agricultural subsidy policies that have been implemented for 11 years into one. In response to this, some experts told reporters that at present, in many places, some farmers can get subsidies even if they do not grow grain. However, new types of operators, such as large grain growers, family farms and farmers' cooperatives, who are really engaged in grain production, are difficult to get subsidies in addition to their own contracted farmland. After the integration of the three subsidy policies, 20% of the stock of comprehensive agricultural subsidies is used to support the moderate scale operation of grain, and another 80%, plus direct subsidies for farmers and subsidies for improved varieties of crops, are used for the protection of cultivated land fertility. The subsidy targets are all land farmers who have the right to contract cultivated land, which can really achieve "whoever grows grain will benefit."

With regard to the reform of the mode of financial investment related to agriculture, Wang Dehua, an associate researcher at the Institute of Financial Strategy of the Chinese Academy of Social Sciences, said: "cleaning up and integrating and standardizing agriculture-related transfer payments is closely related to the reform of China's overall financial transfer payment system. The excessive and excessive special transfer payment in China has been criticized by all walks of life for a long time. " Wang Dehua said that cleaning up and integrating special transfer payments is a focus of China's fiscal and tax reform. In fact, many problems of special transfer payment focus on agricultural financial subsidies, while the main problem of agricultural capital investment is long investment. "for the grassroots, to do one thing, the funding often comes from multiple ministries and commissions. The phenomenon of small, scattered, chaotic and fragmented is serious. "

Analysts at Qilu Securities said that agricultural informatization is the key to promoting the development of modern agriculture and improving agricultural efficiency. With the acceleration of land transfer and the rise of large growers, the comprehensive service platform of agricultural materials and the prospect of agricultural informatization are clear, and the reform of modern agriculture is accelerating. Listed companies such as Nuopxin, Kim Jong-da and Batian shares in A shares are mainly related to agricultural informatization-related business.

 
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