BINGTUAN Issued "Implementation Plan" To Deepen Cotton Target Price Reform

Learned from the general office of the Corps, in order to further promote the structural reform of the supply side of the agriculture, stabilize the cotton growers' expectations, enhance the competitiveness of the cotton industry and promote the high quality development of the cotton industry in the Corps, recently, the Corps issued the implementation plan of the cotton price target reform in 2019, and further deepened the reform of the cotton target price of the Corps.

The implementation plan clearly specifies the scope of sale. Growers can freely sell seed cotton within the Corps, and sell seed cotton to any processing enterprise within the list of cotton target price reform publicity enterprises of any corps, which can be included in the subsidy scope.

Adhere to the "price premium separation", "high quality and high price", and cotton management. The cotton target price reform subsidy standard is formulated by the Corps, the subsidy funds are paid to the cotton growers through all levels of finance departments; the pilot project of quality award is continued, and the high quality development guidance of cotton industry is increased, the quality of cotton is improved, and the brand image of high-quality cotton is established.

The implementation plan specifies the payment time node and process of subsidy funds. Before November 15th, the Finance Bureau of the regiment, according to the regiment's development and Reform Commission, provided the pre funding scheme for the seed cotton sale amount of each division in the previous year. After being approved by the Corps, the subsidy fund was allocated to all divisions within 10 working days. The liquidation plan of the cotton target price subsidy fund of the regiment was drawn up by the end of April next year.

The implementation plan also encourages social capital to form cotton processing enterprises in the corps by means of leasing, acquisition and new construction. At the same time, the implementation plan improves the monitoring of cotton market prices, production cost and income surveys and the public inspection system, and makes clear the cotton planting area and pre production output, and the statistical method of seed cotton sale volume.