Nov. 20, 2012
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's grain yield is expected to achieve the first nine-year continuous increase since half a century, according to the Ministry of Agriculture. However, the grain security pressure will be intense in the future; with the increasing population and changing diet structure, more grain supply is required, but the urbanization process has decreased the area of farmlands. Chinese government has issued a series of preferential policies to encourage crop planting and to increase productivity of farmland, such as increasing minimum purchasing prices of grains, raising proportion of agricultural insurance subsidy and increasing subsidies for grain planting.
However, most farmland owners can't get much money from farming and some of them choose to abandon farmlands and go to work in cities for more income. Many professionals have proposed that the main reason for the low income from farming is the low concentration rate of farmland. And farmers could only get desirable income from farming on a large area of farmland. The right confirmation, registration and certificate issue of collective-owned land in rural areas, which is to be completed by the end of this year, will stimulate rural land transaction and further improve the concentration rate of farmland in the future. However, some experts think that transaction of rural land will not be boosted in the short future.
Legend Holdings is deepening its white wine business and it is ambitious for building a leading white wine group in
Richlink Capital invests
in Banghao Seed and gets 16% shares.
Shandong Longda Meat Foodstuff Co., Ltd. is expected to get listed on Shenzhen SME board by the end of this year.