China is increasing financial support for farmers to stabilize prices and improve food security, with a focus on grain production. The government has pledged to strengthen monetary policy tools, expand credit and loan facilities, and enhance agricultural insurance systems. This move aims to reduce reliance on imports and boost domestic production, particularly in soybeans and corn.
In recent years, China has invested heavily in farm machinery and seed technology to improve efficiency. The country’s total grain production reached a record 700 million metric tons in 2024, up 1.6% from the previous year. However, despite this growth, China still relies heavily on imports of key agricultural products.
The government’s efforts aim to address these challenges by providing greater support for major research projects and leading firms. This move is expected to have a positive impact on food security and reduce reliance on imports.
Source: https://www.thepoultrysite.com/news/2024/12/china-boosts-financial-support-for-farmers-to-strengthen-food-security