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Agriculture subsidies increased
By Wang Xu (China Daily)
Updated: 2008-10-21 07:45

Agriculture subsidies and the minimum purchase price of grains will be raised next year, the country's top economic planner said yesterday.

The move follows a policy document unveiled earlier this month that pledges a rise in agriculture production and an increase in rural residents' incomes.

The government will increase the minimum purchase price for wheat by as much as 15.3 percent to 1.74 yuan/kg next year, the National Development and Reform Commission said on its website, adding that rice prices will also go up.

Farmers growing wheat, paddy rice, corn and soybeans in the northeast will receive higher subsidies for expenditure on fertilizers, agricultural machinery and seeds.

(China Daily 10/21/2008 page1)