Agricultural Development Bank 158 billion yuan to guarantee the purchase of grain and oil in summer

A few days ago, the Agricultural Development Bank issued a notice on doing a good job in summer grain and oil purchase credit work (hereinafter referred to as the "circular"), demanding that support for summer grain and oil purchase be regarded as the top priority of the current work, earnestly implement the national grain regulation and control policy, strengthen the organization and leadership of grain and oil credit work, strengthen loan management, and ensure the smooth progress of summer grain purchase.

The "Circular" points out that banks at all levels should, in accordance with the requirements of the minimum purchase price plan for wheat and early indica rice, make every effort to implement the state grain purchase policy, and earnestly strengthen the supply and management of policy-oriented grain purchase funds. Provincial branches in the planned areas should pay close attention to the price changes after the new grain is on the market, and actively promote the implementation of the minimum purchase price plan for wheat and early indica rice as soon as possible and smoothly. In accordance with the requirements of the minimum purchase price plan, actively cooperate with the grain administrative departments and the China Grain Storage Company to implement the minimum purchase price policy, and strictly control the grain purchase policy stipulated in the 2015 minimum purchase Price Plan for Wheat and Rice, ensure the supply of funds in full and in time.

The Circular stresses that banks at all levels should actively support market-oriented grain acquisitions. On the basis of insisting on the fixed point of customer layout and the determination of loan qualification, we should grasp two key points: for the leading industrialization enterprises with marketable products and good credit status, credit support should be given on the basis of calculating the processing cost according to the sales price of their products and inversely deducing the purchase price of break-even. For purchasing and selling trading enterprises to participate in market acquisitions, credit support shall be given in principle when the amount of purchase and sales contracts is not less than 50% of the grain purchase volume.

The circular requires banks at all levels to earnestly strengthen and improve credit management for grain and oil purchases. First, we will continue to adhere to the closed operation and management of grain purchase funds, keep an eye on the first source of repayment, and ensure that the material security of loans is adequate. The second is to improve the progress verification process of grain purchase. For enterprises that have implemented electronic grain purchase settlement, the progress of enterprise purchase shall be verified by checking daily grain purchase statements; for enterprises that have not realized electronic grain purchase settlement, check enterprise grain purchase settlement invoices to determine the amount of follow-up loans. The third is to improve the inventory verification system. Daily inventory verification should be carried out in the light of the grain acceptance and inventory inspection required by the national minimum purchase price plan, the annual inventory inspection carried out by the grain administrative department, and the special inspection organized by the head office and provincial branches. No repetitive checks. Fourth, we should properly implement the measure of "double zero settlement" of principal and interest of grain purchase loans. It is necessary to urge enterprises to pay close attention to the sale of grain in stock and ensure that the principal and interest of loans are "double zero" before the new grain goes on the market.

It is reported that the Agricultural Development Bank has set aside 158 billion yuan for the purchase of grain and oil in summer. In the summer grain and oil acquisition season, increase the service time to meet the settlement needs of customers.