Six departments including the Ministry of Agriculture and Rural Affairs issued the “Implementation Plan for Adhering to Priority Development of Agriculture and Rural Areas and Improving Investment Mechanisms for Rural Revitalization”. Among them, it is mentioned that support and coordination of policies such as prices, subsidies, and insurance will be strengthened. Promote the “trinity” of price policies, subsidy policies, and insurance policies, and work in the same direction to stabilize income expectations and enhance investment motivation. Improve the price formation mechanism for important agricultural products such as grain, and promote the price of grain and important agricultural products to maintain a reasonable level. Improve the minimum purchase price policy for rice and wheat, maintain the underlying functional position, and reasonably determine the minimum purchase price level. Improve the mechanism for forming the transfer price of contracted land management rights, and improve the response mechanism to guarantee supply and price stability for agricultural materials. Improve the subsidy policy for the protection of arable land strength. Implement subsidy policies for the purchase and application of agricultural machinery, and promote the entry and exit of subsidized machines and preferential subsidies for excellent machinery. Strengthen the role of insurance in risk sharing, loss compensation, financing and credit enhancement, etc., and give full play to the amplification effect of insurance mechanisms on financial subsidy funds to help farmers increase their income.

Six departments including the Ministry of Agriculture and Rural Affairs issued the “Implementation Plan for Adhering to Priority Development of Agriculture and Rural Areas and Improving Investment Mechanisms for Rural Revitalization”. Among them, it is mentioned that support and coordination of policies such as prices, subsidies, and insurance will be strengthened. Promote the “trinity” of price policies, subsidy policies, and insurance policies, and work in the same direction to stabilize income expectations and enhance investment motivation. Improve the price formation mechanism for important agricultural products such as grain, and promote the price of grain and important agricultural products to maintain a reasonable level. Improve the minimum purchase price policy for rice and wheat, maintain the underlying functional position, and reasonably determine the minimum purchase price level. Improve the mechanism for forming the transfer price of contracted land management rights, and improve the response mechanism to guarantee supply and price stability for agricultural materials. Improve the subsidy policy for the protection of arable land strength. Implement subsidy policies for the purchase and application of agricultural machinery, and promote the entry and exit of subsidized machines and preferential subsidies for excellent machinery. Strengthen the role of insurance in risk sharing, loss compensation, financing and credit enhancement, etc., and give full play to the amplification effect of insurance mechanisms on financial subsidy funds to help farmers increase their income.