China’s New Farm Subsidies
By Fred Gale, Bryan Lohmar, and Francis Tuan for the USDA's Economic Research Service - In 2004, China entered a new era in its approach to agricultural policy, as it began to subsidize rather than tax agriculture. China introduced direct subsidies to farmers, began to phase out its centuries-old agricultural tax, subsidized seed and machinery purchases, and increased spending on rural infrastructure.
11 February 2005
2 minute read
