AreaChina (Mainland)

Commodity GroupOilseeds, oils and meals

CommodityOilseeds, grains

Date01/06/2021

Policy CategoryProduction

Policy InstrumentFarmer support

DescriptionAnnounced that farmers would receive subsidies as compensation for rising costs of fertilizers and diesel fuel. The measure would be aimed at helping to stabilize farmers’ incomes, thereby helping to secure domestic staple crop production.

NotesCHINA – agricultural policy – one-off farmer support: In June, the Government announced that CNY 20 billion (USD 3.1 billion) will be provided to farmers in the form of subsidies as compensation for rising costs of fertilizers and diesel fuel. By helping to stabilize farmers’ incomes, the measure is aimed at securing domestic production of staple crops. Reportedly, payments will be made as soon as possible to support ongoing field activities.