Nancai fast comments: policy financial support agricultural and rural infrastructure construction should speed up

Author:21st Century Economic report Time:2022.07.20

Recently, the General Office of the Ministry of Agriculture and Rural Ministry jointly issued the "Notice on Promoting Policy Development Finance Supporting Agricultural and Rural Infrastructure Construction" (hereinafter referred to as the "Notice"). The background of the "Notice" is to thoroughly implement the eleventh meeting of the Central Finance and Economics Commission, the National Holding Economic House Conference and the Executive Meeting of the State Council. Credit quota, use policy and development financial instruments to increase financial support for major projects, cooperate with the People's Bank of China to establish financial support for key infrastructure project docking mechanisms, and deploy and do a good job of financing and financial services for agricultural and rural infrastructure construction.

The "Notice" pointed out that the implementation of a new round of high -standard farmland construction planning and the reform of high -standard farmland has been established, and the development of high -efficiency water -saving irrigation. Support, focus on soil erosion management, farmland infrastructure construction, fertile cultivation construction, saline -alkali waterlogging treatment, and strengthen comprehensive management of black land. Support the reconstruction of eligible degraded arable land. Support the construction of soybean oil production bases. Support the moderate and orderly development of reserve resources such as saline and alkali land in accordance with the conditions. Support the construction of farmland in hilly and mountainous areas. Support the entire area to promote the construction of high -standard farmland.

Based on the stable growth of fiscal investment, the "Notice" focuses on the key areas of agricultural and rural infrastructure, strengthen the integration of regional funds, assets, and resources, and strengthen local government departments, financial institutions, and implementation of multiple main entities in enterprises to guide policies and development. Financial support for moderate advancement of agricultural and rural infrastructure investment, leveraging more high -efficiency and low -cost tilt into agricultural and rural areas in the high efficiency of medium and long -term credit funds, helping to comprehensively promote rural revitalization and accelerate the modernization of agricultural and rural areas.

Key areas of policy financial support include cultivated land protection and quality improvement, agricultural science and technology innovation, agricultural industry integration development, modern facilities and agriculture, agricultural and rural green development, agricultural disaster prevention and mitigation, and rural construction. Policies and measures include strengthening planning cooperation, strengthening funds, and innovative financial services. The "Notice" emphasizes that it is necessary to deepen institutional cooperation, comprehensively sort out projects, increase bank -enterprise docking, and strengthen publicity and guidance as organizational guarantees.

The "Notice" helps to innovate the financing system and mechanism, leverage financial social capital, and strengthen the guarantee of credit funds. The principle of adapting to local conditions is conducive to coordinating factor resources, classified planning projects, and improving the targeted, sustainability and financing of the project. The integration and development of the agricultural industry will help expand a variety of agricultural functions and accelerate the broadening of business circulation channels focusing on rural e -commerce.

At present, the new infrastructure characterized by digitalization in my country's agriculture and rural areas is at the beginning of development, and the development space is broad. The agricultural and rural information infrastructure has made progress, data acquisition capacity and storage volume improved, and rural network communication has gradually improved. The construction of agricultural and rural integration infrastructure is accelerating, and rural traditional infrastructure is gradually conducting digital transformation and upgrading. The gradual establishment of agricultural innovation infrastructure will help form a good innovation and entrepreneurial ecology. Agricultural and rural information application terminals have also gradually enriched, and the degree of intelligence has improved significantly.

Agricultural and rural new infrastructure has promoted the intelligent transformation and upgrading of the entire industry chain through the digital transformation of traditional industries through the digital transformation of traditional industries through the new generation of information technology. Such as 5G networks, agricultural and rural big data centers, agricultural artificial intelligence, smart water conservancy, and smart farmland will bring revolutionary changes to agricultural and rural production and life, promote industrial upgrading, and empower industries. The technological breakthrough and the scientific and technological revolution drive the development of new infrastructure. The new infrastructure in turn promotes social change to form an ecological cycle is another significant feature.

Traditional infrastructure is mainly based on government investment, while new infrastructure has the characteristics of large R & D investment and difficulty in industrialization. The public welfare is lower than traditional infrastructure, and risks and challenges are greater. Therefore, the new infrastructure depends on the cooperation and construction of the government, scientific research institutes, and various market entities to form a new model of government financial support guidance, leading enterprise led, and related subjects participating in cooperation, and jointly build a new infrastructure ecology.

The "Notice" pointed out that the use of government and social capital cooperation (PPP), infrastructure real estate investment trust funds (REITs) and other models, standardize development and sunny operations, guide financial social capital and private investment, and support agricultural and rural infrastructure construction. Make good use of policy, developing financial instruments, and timely supplement major projects such as agricultural and rural new infrastructure in time, or bridge the capital of special debt projects to guide financial institutions to increase supporting financing support, attract private capital participation, hurry up Form more physical workload.

Give full play to the advantages of policy and development financial institutions, and provide diversified financial services such as equity investment, issuance underwriting, and financial leasing for qualified projects. Support policy, development, and commercial financial institutions to form a dealer, and jointly support the construction of agricultural and rural infrastructure. Encourage various financial institutions to create exclusive financial products under the premise of controllable risks and sustainable business, and explore the effective model of supporting agricultural and rural infrastructure construction.

In short, the construction of agricultural and rural infrastructure is related to rural revitalization and modernization of agricultural and rural areas. The construction of new infrastructure is the foundation of digital agriculture and digital rural construction. It is also the need for future agricultural industrialization and modernization.The new types of infrastructure construction in rural areas generally have the problem of long investment return cycles and poor financing channels. More policy support and support are required.Rural revitalization and agricultural development are related to food safety, food health and living standards, which are in line with the direction of policy and development financial institutions. It should further increase support and set up funds that specialize in supporting agricultural and rural infrastructure.Strong, rural beauty and farmers have contributed to the realization of rural revitalization and modernization of rural areas.(Li Chunding is a professor at the School of Economics and Management of China Agricultural University and the director of the Department of Economic and Trade. Lu Aiping is a scientific research assistant of the Institute of International Economics of the School of Economics and Management of China Agricultural University.).)

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