Tools: Save | Print | E-mail | Most Read
China Offers Grain Growers 51.5 Bln Yuan
Adjust font size:

Vice Finance Minister Zhu Zhigang said on Tuesday that China has offered a total of 51.5 billion yuan (US$6.43 billion) in direct grain subsidies to the country's farmers in the past three years.


The vice minister said China has allocated 39 billion yuan from its grain risk fund for direct subsidies to grain farmers during 2004, and it also earmarked 12.5 billion yuan in direct subsidies in 2006 to alleviate the pressure of price hikes of agricultural production material.


China's budgetary funding for direct grain subsides totaled 14.2 billion yuan in 2006.


Addressing a national meeting for officials from central and provincial finance departments, the vice minister urged local departments to deliver this year's direct grain subsidies and other subsidies to farmers as soon as possible.


China began to offer grain farmers direct grain subsidies in 2004 to encourage grain production and improve farmers' income following consecutive falls in grain outputs leading up to 2004.


(Xinhua News Agency June 7, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
China Increase Subsidies to Grain Growers
Loss of Arable Land Threatens Grain Production Safety
Ministers Vow Rise in Farmers' Income
China's Grain Output Increases by 3.1% in 2005
Grain Consumption to Exceed Output
Grain Consumption to Hit 500 Mln Tons

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
Copyright © All Rights Reserved     E-mail: Tel: 86-10-88828000 京ICP证 040089号