China's specialized farmer cooperatives exceed 1.3 million

The reporter learned from the recently held “Xinghe Cup” China Cooperative Economy Annual Achievement Awards ceremony: at present, China has 1,337,400 specialized farmer cooperatives of various types, with a total capital contribution of 2.89 trillion yuan. From 2011 to 2014, the average growth rate of the total capital contribution of specialized farmer cooperatives was 57.26%.

According to the China Cooperative Economy Annual Development Report released at the awards ceremony, over the past 5 years the overall number of specialized farmer cooperatives in China has continued to expand, with an average growth rate of 35.86%. With the diversified development of forms of farmer cooperation, many types of farmer cooperatives have emerged, such as community shareholding cooperation, land shareholding cooperation, credit cooperation, and cooperative unions. In 2010, the average capital contribution per specialized farmer cooperative was 1.1870 million yuan, and in 2014 it was 2.1182 million yuan.