AreaChina (Mainland)

Commodity GroupGrains

CommodityAll

Date01/03/2012

Policy CategoryProduction

Policy InstrumentBudgetary allocations, Production support

DescriptionRaised 2012 budgetary allocations to the agricultural sector by 18 percent to US$189 billion (yuan 1.2 trillion), of which USS26 billion (yuan 162.8 billion) will be earmarked to fund direct payments to grain growers, subsidies on seeds and machinery and other inputs.