The Agricultural Development Bank promotes the development of pig industry and arranges 50 billion yuan of credit in the next three years.

The number of live pigs is at an all-time low, while the price of live pigs is at an all-time high. The outbreak of classical swine fever virus in Africa has led people to shout "can't afford pork". In order to encourage the production of live pigs, the state has issued many policies to encourage it. Recently, the Agricultural Development Bank has made great efforts to promote the development of the pig industry and arranged 50 billion yuan of pig farming credit in the next three years.

In order to implement the spirit of documents such as the opinions of the State Council on stabilizing Pig production and promoting Transformation and upgrading, the notice of the China Banking and Insurance Regulatory Commission and the Ministry of Agriculture and villages on supporting the work related to stabilizing Pig production and ensuring Market supply, the Agricultural Development Bank recently issued opinions on increasing credit support to promote the development of the pig industry.

The opinion makes it clear that the Agricultural Development Bank will take a number of policy measures to support the pig industry. First, strengthen the allocation of credit resources. In the next three years, the bank plans to allocate 50 billion yuan of credit and funds to support the development of the whole pig industry chain and the construction of the reserve control system. We will implement the preferential interest rate policy of "giving appropriate concessions to the same industry", and make full use of PSL funds and "three districts and three states" special poverty alleviation and re-loan funds to further reduce the cost of using funds for enterprises. The second is to increase medium-and long-term credit support to large leading enterprises to meet the financial needs of enterprise production base construction. Actively promote the models of "government-led, state-owned enterprise construction, large-scale breeding enterprise leasing operation", effectively solve the lack of investment capacity in enterprise base construction, and promote the healthy and sustainable development of pig industry. Third, innovate the support model of small and medium-sized enterprises. Make use of the loan policy of small and micro enterprises and innovate the use of supply chain and block chain technology to provide online comprehensive financial services and online loans for pig production, upstream and downstream small and medium-sized enterprises, farms and farmers, so as to reduce financing costs. Fourth, improve financial services, firmly establish the concept of customer-centered, tailor-made financing plans for enterprises, open up green loan channels, and improve loan efficiency and financial service level.

The relevant person in charge of the Agricultural Development Bank said that the Agricultural Development Bank will effectively increase credit support for the development of the pig industry. In the future credit delivery work, the first is to strengthen industry analysis and research, find the right entry point for business development, accurately select target customers, and ensure good access. Second, we should earnestly do a good job in the maintenance of existing customers and adhere to the "one enterprise, one policy and classified guidance". For high-quality backbone enterprises, we can appropriately increase credit according to the production and operation needs and risk bearing capacity of enterprises; for enterprises with normal operation, actively meet the reasonable loan renewal needs of enterprises; to enterprises that meet the credit conditions but encounter operational difficulties temporarily, stabilize the support to help enterprises climb the slope and cross the hurdle. The third is to increase model innovation and actively promote the promotion and application of "government, bank and insurance", "company + base + farmers", supply chain finance and order financing. Promote the establishment of a diversified risk compensation mechanism. Fourth, actively promote the pilot work of mortgages and conscientiously implement the relevant circular requirements of the Banco Insurance Regulatory Commission. Branches in pilot areas can appropriately expand the scope of mortgages such as land management rights, breeding enclosures, and large-scale breeding machinery; for areas with conditions for live pig mortgage registration and circulation, pilot live pig mortgage loans can be carried out safely in accordance with the principle of risk control and management in place.