China farm machinery purchase subsidy rises

0 Comment(s)Print E-mail Xinhua, February 21, 2015
Adjust font size:

China is offering more subsidies on farm machinery to maintain food self-sufficiency as the rural workforce shrinks. [File photo]

China is offering more subsidies on farm machinery to maintain food self-sufficiency as the rural workforce shrinks. [File photo]

China is offering more subsidies on farm machinery to maintain food self-sufficiency as the rural workforce shrinks.

In 2014 23.6 billion yuan (US$3.9 billion) went on farm machinery subsidies, up from 70 million yuan ten years before when the subsidy program began, according to the Ministry of Finance.

More than 120 billion yuan has been spent on farm machinery subsidies since 2004, raising mechanization to 61 percent from 34 percent in 2004.

Subsidies will continue for at least the next three years, with more funds going to farmers who grow key staples as well as cotton and sugar.

Follow China.org.cn on Twitter and Facebook to join the conversation.
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter