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Shandong Raises 14 Billion Yuan To Protect The Interests Of The Vast Majority Of Cotton Farmers

2010/9/26 0:17:00 83

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Learned from the Shandong branch of the Agricultural Development Bank of China, in order to ensure the smooth acquisition of new cotton, Shandong, the major cotton producing province, has raised 14 billion yuan of funds this year, giving full support to it.

Cotton purchase and sale

And leading processing enterprises to enter the market to protect the interests of the vast majority of cotton farmers.

Shandong is one of the main cotton producing areas in China, and its sown area and output rank among the highest in the country.

According to the prediction of Shandong's agricultural sector, the cotton planting area in the province is about 11 million 500 thousand mu in 2010, and the total output is estimated to be 800 thousand tons.

The cotton planting area and output of the province are all lower than last year, and the gap between cotton production and demand will be further expanded, and cotton prices may continue to run high.

To ensure new cotton

Buy

The timely and full supply of enterprise funds and the multi-channel financing of the Shandong branch of the Agricultural Development Bank has raised 14 billion yuan in the new year's cotton purchase fund, and will give priority to the support of enterprises and enterprises with scale driven and effective textile leading enterprises, such as "company + base + farmers" and cotton cooperatives, and large scale circulation enterprises with strong risk resistance, high market participation, stable marketing channels, and key enterprises such as good management and good reputation in the market to participate in the market acquisition, guarantee the stability of the acquisition market and meet the needs of cotton enterprises.

In order to facilitate the sale of cotton by farmers, as early as August this year, the Shandong branch of the Agricultural Development Bank of China has made loan qualification confirmation for 155 enterprises in accordance with the terms of purchase and access. Basically, 50 main cotton producing counties (cities and districts) have credit support enterprises to enter the market or set up spot purchase, so as to ensure that there is no blank point for the purchase of funds.

At the same time, we should actively guide cotton farmers or brokers to use non cash settlement methods such as online banking and credit cards, so as to ensure farmers' "cotton hands and money".

According to statistics, 2009 cotton year, Shandong branch of the Agricultural Development Bank, a total of 150 enterprises to issue cotton purchase loans 11 billion yuan, effectively protect cotton purchase smoothly.

Textile industry

Demand for cotton.