China will provide 10 billion yuan ($1.45 billion) in one-time farm subsidies, according to a government statement on April 17. The subsidies are meant to help grain farmers. Funds will be deposited directly to farmers’ bank accounts, according to a report in Chinese state media the Global Times.
However, experts believe despite recent subsidies, the incentive for Chinese farmers to engage in crop production remains low. Further, it is unclear how much of the money will actually reach farmers.
Connections Are Everything
The latest round of subsidies are meant to support spring farming and motivate farmers, according to an article in state media Xinhua News….