The Notice on Adjusting and Perfecting the Policies Related to Agricultural Comprehensive Development to Support Agricultural Industrialization issued by the National Agricultural Comprehensive Development Office explains the changes in agricultural subsidies. Among them, what changes have been made in the application for agricultural subsidies? What are the advantages for agricultural business entities?

change 1: large agricultural households can apply for projects, and it is no longer required to be an independent legal person

according to the new policy, new agricultural business entities such as large professional households, family farms and social service organizations recognized or registered by relevant departments can be included in the scope of support for industrialized business projects, and are no longer limited by the qualifications of independent legal persons.

the threshold for applying for subsidies for benefiting farmers has been further relaxed. For example, it doesn't matter if you are not registered in the industrial and commercial department, as long as you are registered in the relevant department. Large agricultural households and family farms can apply for projects, and the state will provide more and more support to new agricultural business entities.

change 2: the applicant doesn't have to make profits continuously for two years

for farmers' cooperatives and leading enterprises, as long as they have been registered in the industrial and commercial department for more than one year and have the ability of sustainable operation, they can declare industrialized business projects. But in the past, many people reported that preparing materials was really a hassle.

This policy stipulates that "more than 7% of the application materials come from the place where the enterprise is registered, two-year continuous profit, asset-liability ratio, bank credit rating,' three no debts' and net fixed assets" are cancelled. In other words, the application materials are simpler, and agricultural business entities can spare more energy to make the project refined and solid.

change 3: farmers can also hold shares for the investment of financial funds

This time, the policy is clear: encourage part of the investment of financial funds, and farmers or farmers will hold shares in leading enterprises through cooperatives.

generally speaking, the country's agricultural industrialization management adopts the organizational forms of "leading enterprises+farmers" and "leading enterprises+professional cooperative economic organizations+farmers". Now farmers and enterprises are integrated, but the roles of holding shares and not holding shares are very different. If farmers can hold shares in the invested funds, it means they can enjoy dividends. If the enterprise is well run, farmers can get both wages and dividends, and the income is definitely much stronger than just working for the enterprise.

change 4: encourage all provinces to implement the policy of "building first and then subsidizing"

It is proposed that all provinces can implement the policy of "building first and subsidizing later". After the project is approved, it will be implemented first and then reimbursed, and then it will be reimbursed after the project is completed and accepted by the county-level financial departments and agricultural development agencies.

agricultural economic organizations don't have to wait for money to start construction. They can start project construction after successful application. As long as they keep all kinds of bills, they will be replenished when the project is settled. However, the preliminary expenses such as project feasibility study, preliminary design and environmental assessment cannot be reported.