August 12, 2008

China has offered RMB35.2 million (US$5.12 million) to support the stock raising industry in southern Hainan Province, according to the local government on Friday (August 8, 2008).
 

The sum provided by the National Development and Reform Commission and the Ministry of Agriculture will be used to construct 56 standard large-scale breeding farms and communities, the reconstruction of three live pig breeding farms and three poultry breed farms, subsidies for domestic animal breeding and high-quality seeds.

According to estimation, raising households will invest RMB 3 with each RMB provided by the government. Therefore, the RMB 35.2 million (US$5.12 million) would bring in an additional sum of around RMB 100 million in the province, helping to increase 250,000 live pigs and 3 million chickens in Hainan.

This move is expected to spur enthusiasm of animal raising households and boost the development rate of the stockbreeding industry.