East China’s Jiangsu province has released 9 preferential policies to support hog production by increasing incentives in fiscal, land and environmental protection sectors.
In 2020, Jiangsu will resume the production of hogs with the goal of raising 10.44 million hogs and selling 18 million hogs as scheduled.
The goals will be assigned to the county levels regions before taken over by township governments and hog farms.
A reward ranging from 4 million yuan to 8 million yuan will be given to the top three prefectural cities that fulfill the goals.
Hog farms will be given a reward of 1 million yuan for the sales of 10000 hogs.
Discounted loans will be granted to farms marketing 500 hogs per year, rather than pig farms selling 5000 hogs per year.
According to a State Council's executive meeting chaired by Premier Li Keqiang last Tuesday, China will boost agricultural production in the spring season and take a multi-pronged approach adopted to facilitate business operation and employment, with specific measures including provisionally lowering or waiving employers' social insurance contributions and deferring their payments to the housing provident fund, in an effort to boost economic development.
Livestock and poultry farming must be intensified. Poultry farmers in the key regions, who suffered heavy losses, will be entitled to loan extensions and relaxed loan guarantee requirements. Resumption of hog production will be brought forward. The required number of slaughtered pigs that qualifies a hog farmer for loan interest discount will be lowered from 5,000 to 500.
Major disease and pest prevention and control will be enhanced with closer monitoring and greater preparedness on all fronts. The prevention and control of major animal diseases such as H5N1 influenza and African swine fever will be heightened.
Pork prices in China dipped last week as hog production increased and demand softened, official data showed Tuesday.
From Feb. 17 to 21, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs came in at 50.85 yua per kg, down 0.7 percent week on week.
The price retreat came as the Chinese government has been taking multi-pronged measures to boost supply, including increasing subsidies to restore hog production, releasing frozen pork reserves and expanding pork imports.
Prices of pork, a staple meat in China, have been soaring in recent months, mainly caused by African swine fever and cyclical factors.
(Source:ourjiangsu.com)
