Why pork prices have been rising

Today, we bring an economic news to everyone. Recently, the price of Chinese pork has gradually increased. In 2019, the central government appropriately increased the size of the reward funds for the large-scale pigs, and mobilized the localities to convert the potential for production into actual production capacity as soon as possible. Temporarily increase the insurance coverage of the sows and fattening pigs, increase the amount of able pigs from 1000-1200 yuan to 1,500 yuan, and increase the amount of fattening pigs from 500-600 yuan to 800 yuan. Notice on Supporting the Work of Stable Pig Production Support Market Supply.

Why pork prices have been rising

Finance and Agriculture (2019) No. 69

The provinces, autonomous regions, municipalities directly under the Central Government, the municipal finance department (bureau), the agricultural and rural (agriculture, animal husbandry, animal husbandry and veterinary) departments (committees and bureaus), the Xinjiang Production and Construction Corps Finance Bureau, and the Agricultural and Rural Bureau:

In order to implement the deployment requirements of the Party Central Committee and the State Council on stabilizing the supply of live pig production, the central government decided to take further measures to promote pig production, ensure market supply, and maintain economic stability. The relevant matters are hereby notified as follows.

First, earnestly implement the policy of mandatory culling and subsidy for African swine fever

The subsidy for the forced culling of pigs (including artificially raised wild boars) due to the African swine fever epidemic continued to follow the Notice of the Ministry of Finance and Rural Agriculture on Doing a Good Job in the Compulsory Fighting of African Hog ​​Chops (Cai Nong [2018] No. 98) Related requirements are enforced. At the same time, further improve the mode of granting subsidies, from the current annual settlement adjustment to semi-annual settlement, after the central and provincial financial funds are issued, the county and city should speed up the allocation of subsidy funds, and pay the subsidy funds in place within three months. To effectively reduce the pressure on the farms (households).

Second, improve the interest rate policy for temporary loans of breeding farms and large-scale pig farms

The Notice of the General Office of the Ministry of Finance of the Ministry of Agriculture and Rural Affairs on the Work of Loaning Interests on the Working Capital Loan for Pig Farms and Large-scale Pig Farms (the Agricultural Office of Caiji [2019] No. 30) is extended to December 31, 2020. Within the extended period of time, appropriately expand the scope of interest subsidies, and include the construction funds for the construction, reconstruction and expansion of pig farms in accordance with the provisions of the Agricultural and Industrial Banking [2019] No. 30 document to be included in the scope of support, and alleviate the pig raising enterprises. Flow and construction funding pressure to stabilize pig production capacity. The relevant requirements such as the proportion of interest subsidies will continue to be implemented in accordance with the provisions of Document No. 30 [1919] of the Agricultural Office.

Third, increase the incentives for pigs to transfer out of the county

In 2019, the central government appropriately increased the scale of the reward funds for the large-scale pigs, and mobilized the localities to convert the potential for increasing production into actual production capacity as soon as possible. The use of incentive funds shall be implemented in accordance with the Measures for the Management of Reward Funds for Large Pigs (Sows and Cattle), with emphasis on supporting pig production development, animal disease prevention and control, and circulation infrastructure construction.

Fourth, improve the insurance coverage of pigs

Temporarily increase the insurance coverage of the sows and fattening pigs, increase the amount of able pigs from 1,000-1200 yuan to 1,500 yuan, increase the amount of fattening pigs from 500-600 yuan to 800 yuan, and expand the scale of fattening pigs. Further enhance the risk resistance of pig breeding, and mobilize the enthusiasm of pig farms (households) to resume pig production. The policy implementation period is from May 1, 2019 to December 31, 2020. After that, in conjunction with the revision of the “Central Financial Agricultural Insurance Premium Subsidy Management Measures”, the issue of the follow-up implementation deadline was studied.

V. Supporting the implementation of policies such as subsidies for improved pig breeding

In 2019, it supported the large pig breeding county, subsidized the purchase and use of fine pig sperm through the agricultural production development fund adjustment structure, and promoted artificial insemination technology. The subsidy target is a sow farm (household) that uses artificial sperm insemination with elite pig semen. The annual subsidy for each sow can not exceed 40 yuan. At the same time, all localities should base themselves on existing funding channels to support the construction of pig washing vehicles and decontamination centers in large livestock counties.

  1. Strengthening provincial financial coordination

All provincial-level finances must strictly follow the requirements of the provincial general responsibility, effectively increase the support of stable production and supply of live pigs, and support the prevention and control of African swine fever, pig production, market supply and other related work. It is necessary to strengthen the overall role of provincial finance, the county and city that have difficulties in ensuring the prevention and control of African piglets, implementing stable pig production, and compulsory culling subsidies, etc., can reduce or cancel the proportion of county and city financial commitments, and ensure the central and Local support measures have taken root. The agricultural and rural sectors should strengthen their organization and implementation, effectively implement policies, and promote the standardization, safe and effective use of funds.

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