CCTV.com - CNTV English - CCTV News

More fund for farm production subsidies

04-07-2011 15:37 BJT

BEIJING - China will inject an additional 18.01 billion yuan (US$2.75 billion) this year into subsidies aimed at boosting agricultural production, the Ministry of Finance said Thursday.

A total of 140.6 billion yuan, including the newly allocated amount, will be used to increase farm production through subsidies in 2011, up 14.7 percent from a year earlier, the ministry said on its website.

The amount includes 15.1 billion yuan of direct subsidies to grain growers, 86 billion yuan of general subsidies for purchasing agricultural supplies, 22 billion yuan for growing superior crop varieties and 17.5 billion yuan for purchasing agricultural machinery, it said.

Under the subsidy program, farmers growing superior grain varieties such as rice, wheat, corn, cotton, soybean and winter rape will receive subsidies from 10 to 15 yuan per mu (0.07 of a hectare).

Also, it will offer farmers discounts of around 30 percent on agricultural machinery purchased, with the maximum subsidy ranging from 50,000 to 200,000 yuan per item.

The central government has decided to allocate a total of 988.45 billion yuan in general assistance to agriculture, farmers and rural areas for 2011, a year-on-year increase of 15.2 percent, it said.

Editor:Yang Jie |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program