China unveils 11 measures to boost oil-bearing crop production
Tuesday, 25 September 2007
BEIJING, Sept. 24 (CEIS): China has announced 11 measures to arouse farmers' enthusiasm for oil-bearing crop production, the Ministry of Agriculture said here yesterday.
The measures will be implemented to expand the acreage for oil-bearing crops, raise the unit output and improve product variety.
According to the new policy, China will allocate additional 1.3 billion yuan to subsidize popularization of fine strains of oil-bearing crops, of which 300 million yuan will go to soybean production.
Meanwhile, China will increase investment in building state oil-bearing crop production bases, establishing an insurance system for oil crop planting, and promoting industrialization of oil processing.
The measures will be implemented to expand the acreage for oil-bearing crops, raise the unit output and improve product variety.
According to the new policy, China will allocate additional 1.3 billion yuan to subsidize popularization of fine strains of oil-bearing crops, of which 300 million yuan will go to soybean production.
Meanwhile, China will increase investment in building state oil-bearing crop production bases, establishing an insurance system for oil crop planting, and promoting industrialization of oil processing.