Financial support for pig breeding
Guangdong's pig industry loan balance increased by 151% in the first half of the year
Text / All-media reporter of Guangzhou Daily
Guangdong's banking and insurance industries have increased their financial services for agriculture, rural areas and farmers. All media reporters of the Guangzhou Daily learned from the Guangdong Banking and Insurance Regulatory Bureau that since 2020, the Guangdong Banking and Insurance Regulatory Bureau has guided the banking and insurance industry to continuously expand the coverage and accuracy of rural financial services, and use new ideas and ideas to step out of Guangdong's characteristic financial support. "Agriculture" is a new way to develop. It is worth noting that since 2020, Guangdong (excluding Shenzhen, the same below) has a balance of loans for pig industry of 22.2 billion yuan, a year-on-year increase of 151%; underwriting 12.17 million live pigs, providing 6.9 billion yuan of risk protection for farmers.
Since last year, along with a number of live pig production and transfer of major provinces to start pig production and raising plans, various localities have intensively issued documents requesting financial institutions to increase financial support for the pig industry. In Guangdong, the Guangdong Banking and Insurance Regulatory Bureau has guided and promoted bancassurance institutions to increase financial support, effectively deal with the impact of the epidemic and other factors, and help pig breeding companies and farmers overcome difficulties, restore production capacity, and preserve the people's "vegetable basket".
Assist the stable production and supply of live pigs and resolutely protect the "vegetable basket" of the people
In order to improve the availability of bank credit, the Guangdong Banking and Insurance Regulatory Bureau, in conjunction with relevant departments, made clear requirements to promote the loan of four types of collaterals for live pigs, land management rights, breeding pens, and large-scale breeding machinery; summarize and promote advanced Zhaoqing live pig mortgages Experience, encourage reasonable innovation of models such as "package of assets mortgage", and form a batch of replicable and popularized samples. The "four types of collateral" mortgage loans for pigs in the jurisdiction increased by 38% year-on-year.
At the same time, bancassurance institutions are encouraged to coordinate the creation of a "live pig mortgage + policy credit enhancement + bank credit" model. For example, Zhaoqing Fengkai Rural Commercial Bank, PICC Property Insurance Zhaoqing Branch, and China United Zhaoqing Center Branch use this model for Zhaoqing Dabei Agricultural Agriculture and Animal Husbandry Food Co., Ltd. provided 9,000 sows capable of breeding and 42,000 fattening pigs with a live pig mortgage loan of 30 million yuan for the purchase of piglets and feed expansion. The batch of live pigs also received a total of 89 million yuan of insurance protection.
There was also promotion of “bank-to-bank cooperation” to mitigate breeding risks, and the balance of financing guarantee loans for the pig industry increased by 83% year-on-year. For example, Postal Savings Bank of China, Agricultural Bank of China and rural cooperative institutions have cooperated with Guangdong Agricultural Guarantee Corporation to issue 714 financing guarantee loans to pig breeders with an amount of 733 million yuan, which effectively broadened the credit risk mitigation channels for pig breeding. "Insurance + futures" escorts the "price" for farmers. Promote cross-border cooperation between insurance and futures companies, and keep farmers' "pockets" through hedging. For example, the Guangdong Branch of Pacific Property Insurance and Yinhe Futures Co., Ltd. cooperated to promote the “insurance + futures” pilot program of the live pig feed cost index, and provided 8.14 million yuan of feed cost increase risk protection for large farmers in Leizhou, Zhanjiang. The claim settlement cycle covers the entire process from piglet to slaughter .
Credit continues to exert financial resources for rural revitalization
Statistics show that since the beginning of this year, Guangdong has provided risk protection of 33 billion yuan for 16,238,400 acres of crops, 10.136 million acres of trees, and 402 million heads (feathers) of poultry. Insured farmers have paid 4.78 million households and paid 500 million yuan in insurance compensation. There are more than 300,000 farmers. The insurance coverage for fattening pigs increased from 800 yuan/head to 1,400 yuan/head, rice insurance coverage increased from 800 yuan/mu to 1,000 yuan/mu, and forest insurance increased from 400 yuan/mu to 1,200 yuan/mu, mainly traditional bulk The insurance amount of agricultural products has reached the leading level in the country.
As of the end of June, the outstanding agricultural loans of Guangdong banking institutions exceeded 1.4 trillion yuan, a year-on-year increase of nearly 17%, of which inclusive agricultural loans increased by 40% year-on-year; the number of credit-granting farmers exceeded 2.7 million, accounting for a year-on-year increase in the proportion of rural households in the jurisdiction 53 percentage points. The province's targeted poverty alleviation loan balance increased by 34% year-on-year; poverty alleviation microfinance has benefited 67,000 poor households in total.