Chinese Policy Hard on Soy Farmers

Chinese Farmers Will Plant Less Soybean Because of New Target Price Subsidy

Lin Tan
By  Lin Tan , DTN China Correspondent
Soybeans in China. (DTN file photo by Dan Davidson)
The Chinese government is changing from a floor price purchase program to a target price subsidy policy for the 2014/15 soybean crop. This new policy will discourage farmers from planting more soybeans next year.

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