"Money waits for food, food is sold, money is paid"-
Credit funds closely follow the purchase of Xialiang
The current summer grain harvest is good, and it is of great significance to do a good job in summer harvest agriculture.
The reporter learned that the Agricultural Development Bank, as a policy bank that serves agriculture, has actively raised credit funds to ensure the summer harvest, ensuring that farmers "get the grain and the money", and help the summer grain particles return to their warehouses.
Farmers Zhao Yinggang and his wife in Chengguo Town, Laizhou City, Shandong Province, successfully got 1498 yuan in cash after selling a car of grain.
It is understood that her family has a total of 10 acres of land, which was collected in batches this year and sold as soon as they were collected. A total of 5 carts of wheat were sold.
Wang Mingxi, chairman of the local Defeng Grain Industry Co., Ltd., said: “In order to facilitate farmers’ grain sales, we have 342 warehouses under our jurisdiction this year, with a warehouse capacity of 220,000 tons, and also set up 20 storage stations. Since the scale was opened in June, there has been no stop at noon. Pounds, no rest on holidays, to minimize the waiting time for farmers to sell grain."
The funds needed in the company's grain purchase process are provided by the local Agricultural Development Bank of China to provide loans.
"This year, our bank granted a credit of 250 million yuan to Laizhou Defeng Grain Industry Co., Ltd., of which 210 million yuan is a'grain purchase loan for trade purchase and sale enterprises', which can be recycled during the credit period. 180 million yuan has been issued to support enterprises to purchase grain 129 million catties.” said Zhao Xianwei, president of the Agricultural Development Bank’s Yantai Laizhou Sub-branch.
The reporter learned that in this year's summer grain acquisition process, the Agricultural Development Bank actively innovated and promoted the market-oriented transformation of credit business.
As of June 30, the Agricultural Development Bank had issued a total of 40.132 billion yuan in summer grain market-oriented purchase loans, an increase of 22.727 billion yuan year-on-year, an increase of 131%, and accounted for 59% of the total summer grain purchase loans. As the dominant situation.
Regarding the provision of funds for market-oriented acquisitions, the Jiangsu Branch of the Agricultural Development Bank implemented the “grain mutual guarantee fund system”, which measures marketization based on a certain multiple of the grain joint guarantee fund based on the company’s market-oriented acquisition needs, operating capabilities, and risk tolerance. Acquisition loan credit line.
According to Chen Weidong, Director of the Grain, Cotton and Oil Division of the Jiangsu Branch of the Agricultural Development Bank of China, the method of "one-time approval and partial issuance" is adopted for the credit of grain purchase loans, and the purchase fund loans are issued as soon as possible.
As of June 30, 2021, the bank has issued a total of 11.5 billion yuan in loans for the purchase of summer grain, and supported the purchase of 6.9 billion kilograms of grain from enterprises.
Among them, the market-oriented acquisition loan amounted to 8.1 billion yuan, a year-on-year increase of 5.3 billion yuan, an increase of 189%.
According to Song Xiaoming, Deputy Director of the Grain, Cotton and Oil Division of the Agricultural Development Bank Shandong Branch, the Agricultural Development Bank Shandong Branch has raised 30 billion yuan in special loans this year to support the purchase of summer grains, and will increase the loan scale in a timely manner according to the progress of the acquisition to achieve grain purchases. The credit funds are not capped, helping farmers to "money waits for grain" when selling grain.
As of the end of June, the bank had allocated 7.437 billion yuan in summer grain purchase credit funds to support enterprises to purchase 6.470 billion jin of wheat, of which 1.187 billion yuan was granted under the credit guarantee fund model.
In terms of improving the efficiency of payment and settlement of summer grain purchases, the Jiangsu Branch of the Agricultural Development Bank upgraded its online banking and bank-enterprise direct connection systems.
During the summer harvest period, the bank implemented the "7×24" unblocked service mechanism, and adopted the method of "pay before review" for the acquisition funds with high timeliness and a large number of transactions to further improve the payment and settlement efficiency of summer grain acquisition funds.
"Doing a good job in summer grain purchase credit will not only help protect the interests of grain farmers, increase their enthusiasm for focusing on grain harvesting, but also help ensure the stability of the grain market." said Wang Zhijun, vice president of the Jiangsu Branch of the Agricultural Development Bank.
Data shows that from May 1, 2021 to June 30, 2021, during the summer grain purchase period, the Agricultural Development Bank of China issued a total of 67.648 billion yuan in loans for the purchase of various grains and oils, supporting enterprises to purchase 55.139 billion jin of grains and oils, exceeding the purchase of summer grains. The loan placement plan has played an active role in maintaining national food security, ensuring the stability of the grain and oil market, and protecting the interests of grain farmers.