0
According to the state-run press agency, Xinhua, China has implemented a string of policies targeted at African swine fever (ASF), which are reversing the declining trend of hog production and safeguarding ample supply.
By the end of January, China's financial institutions at all levels had allocated a total of 52.14 billion yuan (about 7.36 billion U.S. dollars) of subsidized loans for pig farmers to help them cope with capital strains.
In 2019, the additional expenditure to subsidize insurance for hogs amounted to roughly 2 billion yuan, with 412 million pigs insured. Last year, the country compensated 7.9 million farmers with 14.4 billion yuan.
To soften the accumulative impact of the epidemic, the country will arrange 3 billion yuan to reward major pig producing counties to support their hog production and transportation.
China will also expand the scale of subsidized loans and increase risk tolerance on loans to pig farmers. Farms with an annual output of more than 500 pigs will enjoy favorable interest rates on loans, as compared with the previous benchmark of 5,000.
March 19, 2020/ Xinhua/ China.
http://www.xinhuanet.com/
