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Farmers to Receive 8.3 Bln Yuan in Spring Subsidies
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The Chinese government on Tuesday announced 8.3 billion yuan in subsidies for farmers this spring, up 3.6 billion yuan from last year.

The Ministry of Finance (MOF) said the funds included 5.1 billion yuan for purchasing improved strains of seeds, 1.1 billion yuan for machinery, 900 million yuan to cover soil testing before applying fertilizers, and 1.2 billion yuan for purchases of dairy cattle and related training.

The government has expanded the range and area of improved strains of rice seeds and allocated 500 million yuan for improved strains of cottonseeds.

The total proposed farming subsidies, included in the government's measures to improve agricultural production, would reach 8.87 billion yuan in 2007, up 48.6 percent year on year, said the MOF.

The subsidies constitute part of the proposed budget spending for this year, which was presented on March 5 to the national legislative body for approval, and is expected to be passed at the end of the ongoing session of the legislature next week.

(Xinhua News Agency March 7, 2007)

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