By Ye Xingqing, Qin Zhongchun & Jin Sanlin, Research Department of Rural Economy of DRC

Research Report No 147,2015 (Total 4832)

Abstract:

It is vitally important for transforming the mode of agricultural development, optimizing the structure of production and improving the efficiency of resource allocation through further advancing reform of agricultural price support policy, enhancing the flexibility and effectiveness of price support policy and bringing into full play the role of price signals. Efforts should be made to determine the focus of agricultural price support policy, the adjustment of agricultural price support policy and the intensity of supportive measures respectively from the perspective of national food security strategy, the performance of price difference between domestic and overseas products as well as the subsidy environment of “amber box”. Taking into account such factors as the actual effects of China’s agricultural price support policy in the last 10 years, the practical experience of the agricultural support policy of developed countries in similar development stages, the basic direction of agricultural development and the environment of agricultural support policy, the government should adopt an overall approach and provide subsidy for agricultural materials in an appropriate manner and according to different agricultural products. The central government and local governments should take targeted measures and share relevant responsibilities in providing subsidies to farmers step by step in order to reconstruct the framework for agricultural price support policy during the Thirteenth Five-Year Plan period.