China - Funds of 1.21 billion yuan to support industrialized agricultural operations

According to the National Comprehensive Agricultural Development Office, the central government has allocated subsidy funds of 1.21 billion yuan in 2011 for 2,473 projects on industrialized operations under the comprehensive agricultural development program with emphasis on the projects on development of bases for protected farming of vegetables and other crops and those for livestock and poultry farming and aquaculture, and processing and preservation of agricultural products.

Of the appropriation of 1.21 billion yuan from the central government, 680 million yuan would be used for 1,753 projects on specialized farmer cooperatives and 530 million yuan for 720 projects on leading enterprises.