Agricultural machinery lease Xinjiang pilot purchase of agricultural machinery down payment of more than 30% interest subsidy

A few days ago, the pilot project of agricultural machinery financial leasing jointly carried out by the Ministry of Agriculture and the Agricultural Bank of China Financial Leasing Company was launched in Xinjiang, and 17 cotton pickers were delivered before the arrival of the new cotton picking season. This marks a substantial step forward in China's agricultural financial leasing business, but also to solve the lack of funds for farmers to buy large-scale agricultural equipment, loans to explore a new way.

The down payment for agricultural machinery is 30%, and the interest on the balance can be subsidized.

In mid-September, white cotton bloomed in the fields in Tacheng, Xinjiang. "Cotton picking this year will be busy from September 20 to November 30, and the order has long been signed." Bai Jiuhui, chairman of Kangwang Agricultural Machinery Professional Cooperative, Sidaohezi Town, Shawan County, held a thick pile of orders to the reporter. What pleases Bai Jiuhui most is that the newly purchased cotton picker this year is in place.

"one cotton picker can support 1200 flower pickers a day." According to Bai Jiuhui, it takes three or four days for a flower picker to reap one mu of land, and a cotton picker can harvest 300 mu a day.

The cotton picker is efficient and expensive, with one machine costing more than 3 million yuan. Looking at several cotton pickers parked in Bai Jiuhui's yard, the reporter repeatedly sighed that Lao Bai was really rich.

"I didn't buy it all by myself. I don't have the strength. Thanks to the pilot project of agricultural machinery leasing conducted by the Ministry of Agriculture and Agricultural Bank of China Leasing Company in Shawan County, I was able to afford a new cotton picker. " Bai Jiuhui said.

It turned out that Bai Jiuhui only paid 30% of the down payment of 3.25 million yuan for a cotton picker, and the rest was leased by Agricultural Bank of China to the agricultural machinery sales manufacturer. Bai Jiuhui could return the money to Agricultural Bank of China lease for three years. "as it is a pilot project, the interest during the three-year period is subsidized by the financial program of the Ministry of Agriculture. In addition, I have also enjoyed a subsidy of 400000 yuan for agricultural machinery. The party's policy is really good!" Bai Jiuhui said sincerely.

Li Jianhua, chief financial officer of the Ministry of Agriculture, said that in order to solve the problem that it is difficult for farmers to purchase machines and loans, agricultural machinery financial leasing work selected cotton pickers and sugarcane harvester in Xinjiang and Guangxi respectively to carry out pilot projects. The Ministry of Agriculture innovates the way of financial support for agriculture, arranges special discount funds for agricultural machinery leasing, and gives financial subsidies to the interest part of agricultural machinery leasing pilot projects, so as to further reduce the cost of purchasing machines for farmers.

A total of 17 cotton pickers in Shawan County have been purchased by this way of financial leasing this year. Zhu Qingjiang, president of Xinye Agricultural Machinery Service Cooperative in Liumaowan Town, is also the beneficiary of the pilot project. "this way is so good that I can't afford to spend more than 3 million yuan on a new machine at once. However, it is still acceptable to pay back 600, 000 or 700, 000 a year for three years. In the past, we could only find a way to raise money to buy one or two, but now we can set up a homework service team. "

Zhu Qingjiang's confidence in repayment comes from the benefit of the cotton picker. "the cotton picker charges 150 yuan per mu of land, and it can make a net profit of 800000 to 1 million yuan a year, and it will be no problem to pay it off in three years!"

Lu Mingxue, secretary of the party committee of Liumaowan Town, told reporters that at this time in previous years, flower pickers had come from all over the country, and now the number of flower pickers has been greatly reduced. Compared with manual cotton picking, comprehensive calculation shows that it can save cost and increase efficiency by at least 100 yuan per mu. As a result, these cotton pickers are particularly popular and are in short supply.

The pilot project is expected to continue to be launched.

Li Weiguo, director of the Agricultural Mechanization Department of the Ministry of Agriculture, said that after more than a decade of rapid development of agricultural machinery in China, the demand of new agricultural operators for large-scale agricultural machinery, high-performance, and composite machinery is becoming more and more exuberant, which is also the general trend of the development of agricultural machinery in the future. On the other hand, the development of agricultural mechanization such as cotton and sugar cane is relatively weak, affected by the shortage of rural labor and rising labor costs, there is also an urgent need to improve the level of mechanization. "however, the individual value of these large agricultural machinery is generally very high. Even if the state gives subsidies for the purchase of agricultural machinery, farmers or cooperatives are still under great financial pressure to purchase, and they generally lack the collateral approved by banks. The difficulty of the loan can be imagined."

It is understood that agricultural machinery leasing business in developed agricultural countries in Europe and the United States has a history of several decades, and it is the preferred way for farmers to purchase and use agricultural machinery equipment. In China, financial leasing business has only begun to form an upsurge in recent years, and there has been no substantial breakthrough in the field of agricultural machinery.

Chen Peihua, president of the Agricultural Bank of China Financial Leasing Company, told reporters that the scale of the cotton picking machine leasing project in Xinjiang has reached more than 50 million yuan. In this pilot project, AgBank Financial Leasing Company fully considered the characteristics of the industry and the needs of farmers in product design, transaction mode, risk control and other aspects, and designed personalized products for cotton picking machine leasing innovation. In the business management, catch the progress when grabbing the farm to ensure that the delivery of machinery and tools is completed before the cotton picking season.

Li Jianhua said that after the State Council issued some opinions on the development of "agriculture, rural areas and farmers" in financial services this year, the Ministry of Agriculture worked hard to seek breakthroughs in loan discount, collateral innovation, agricultural guarantee, agricultural insurance, financial leasing, and so on. "to solve the problem of difficult and expensive financing for farmers, it is impossible to rely on financial input alone, but it is still necessary to give full play to the role of the market. We hope that through this pilot project, we can explore a way for finance to pry finance and small money to move large money, give better play to the role of financial instruments and markets, and realize the organic combination of financial support for agriculture and financial support for agriculture. The pilot project is of universal significance to the purchase of large-scale agricultural machinery and tools in China, and we will study it in a wider range in the future. "