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Sri Lanka on the Brink of Bankruptcy, Repaying Debt with Tea: Has the Organic Farming Revolution Worsened the Food Crisis?
Among the countries whose economies have been hit hard by the pandemic, Sri Lanka's situation is especially dire. Tourism revenue, a major source of foreign exchange, has plummeted, remittances from overseas workers have declined, and on top of an already severe debt crisis, Sri Lanka's risk of default has risen sharply this year. According to the World Travel and Tourism Council (W
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Behind the Success of Organic Tea: A Tea Farmer Risked Everything for 8 Years to Protect the Blue Magpie
Reported by the Tea Knowledge website. The annual output value of Taiwan's tea industry is nearly 10 billion, and many operators are selling tea like crazy, but one man sold so much that he had only 30 yuan left in his savings. He is Huang Bojun, founder of an organic tea brand. Because he hoped tea farmers would adopt pesticide-free farming to conserve the local ecology
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Grain Banks Become a New Model for Serving Agriculture, Rural Areas and Farmers, Need to Shore Up Shortcomings in Financial Markets
In the future, grain banks will need support from financial markets such as futures, options, insurance and banking, forming a model led by the futures market. ■ Reporter Yu Deliang. After the Spring Festival, Zhang Xiaojun, a major grain grower in Nong'an County, Jilin Province, was building a new house and was still short about 20,000 yuan. So
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Futures Market Boosts Development of New-Type "Grain Banks"
Our newspaper's trainee reporter Liu Quanjiang. Giving full play to the due function of futures in serving the real economy is an important proposition for the commodity futures market. The role of market mechanisms in resource allocation should be brought into play, and a new-type "grain bank" business that effectively connects the futures market with traditional "grain bank" business should be explored.
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Central bank adds 20 billion yuan in relending quota for agriculture
The People's Bank of China announced on the 27th that it will increase the relending quota for agriculture support by 20 billion yuan for some of its branches, guiding rural financial institutions to expand credit lending related to agriculture. A relevant official of the central bank said the move is aimed at implementing the requirement put forward at the State Council executive meeting on July 23 to "step up relending and rediscounting for agriculture and small businesses," and to improve the capacity of financial services to support "agriculture, rural areas and farmers" and other weak links in the national economy.
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Ministry of Agriculture and Postal Savings Bank sign agreement to improve rural financial service coverage
Xinhua News Agency, Beijing, September 10 (Reporter Wang Yu) The Ministry of Agriculture signed an agreement with the Postal Savings Bank of China on the 10th. According to the agreement, the two sides will focus on tasks such as the effective supply of grain and other important agricultural products and the sustained and rapid growth of farmers' incomes to improve the coverage of rural financial services
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Central bank deepens the development of the rural payment service environment
According to the website of the People's Bank of China, the People's Bank of China recently issued the "Guiding Opinions of the People's Bank of China on Comprehensively Promoting the Deepening of the Development of the Rural Payment Service Environment" (hereinafter referred to as the "Opinions"). A responsible person from the relevant department of the central bank stated that deepening the development of the rural payment
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Large-scale agricultural operators receive key support from the China Banking Regulatory Commission
In line with the requirements of the General Office of the State Council's "Several Opinions on Financial Services for the Development of Agriculture, Rural Areas and Farmers," the China Banking Regulatory Commission recently issued two consecutive guiding opinions, "Financial Support for Large-Scale Agricultural Production and Intensive Operation" and "Advancing Basic Financial Services to Every Village," requiring
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Agricultural machinery leasing begins trial, Ministry of Agriculture joins hands with Agricultural Bank of China
It is cotton harvesting season in Xinjiang again. A Case New Holland cotton picker worth 3.2 million yuan requires no collateral; an agricultural machinery cooperative only needs a 30% down payment to take it home. This was the first agricultural machinery leasing order in China, witnessed by reporters in Shawan County, Xinjiang. Similar to taking out a mortgage to buy a house, in this county
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The advantage of a village bank lies in being small and stable
Since the founding of China's first rural mutual fund cooperative in 2007, rural mutual fund cooperatives have been developing in our country for 7 years, and there are currently 49 of them. The Yimin Rural Mutual Fund Cooperative in Cangxi County, Sichuan Province, located in a remote mountain village, is one of them, and it has been operating for 7 years now.
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