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The central government increase subsidies to support the reform of cotton target pilot

2016.10.08   14:32

Xi Jinping, general Chairman stressed that deepening the reform of the rural areas, we must improve the protection of agricultural support system. Promote rural reform, to improve the agricultural products price formation mechanism and storage system, to grain farmers suffer a loss in the economy, not to lose grain county.

Support cotton, soybean target price reform, the central financial subsidies to increase Treasury conscientiously implement the Party Central Committee and the State Council decision to deploy and support for corn, soybeans, cotton and other agricultural products price formation mechanism and purchasing system reform. "Compared with the year 2015, 2016, the central government in the prices of cotton and soybean target amount of subsidy and the subsidy level to further improve and advance to pilot provinces pre dial financial subsidies, earnestly safeguard the interests of the peasants, and promote the coordinated development of the industry chain downstream." The Ministry of finance, said the person in charge.

Target price policy is based on the formation of the price of agricultural products on the market, the release of price signals to guide market expectations, through subsidies to protect the interests of producers of agricultural support policy. Financial subsidy mechanism is that when the market price is lower than the target price, the central government according to the target price and the market price difference, and the pilot province of the National Bureau of Statistics Survey (District) of soybean, cotton yield to arrange subsidies, by the provincial government is responsible for the subsidy funds against paid to growers. Since the implementation of the target price reform, the central government actively optimize the structure of fiscal expenditure, and effectively increase the financial input, full protection of the target price subsidies reform, and guide the local constantly improve subsidies, to simplify the procedures, Xinjiang Uygur Autonomous Region in the payment of subsidies do a lot of work.

The effectiveness of the reform is mainly manifested in two aspects, one is the reasonable prices return to the market, soybeans, cotton, the market supply and marketing activities to become more active, especially enhance the enterprise competitiveness of cotton, cotton inventory sales of significantly accelerated; the second is to further increase the state financial subsidies to growers, farmers' income to obtain the safeguard, promote the steady development of agriculture. 

                                                                                                                                                   By Emily

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