Kashgar: Agricultural Development Bank of China provides 700 million yuan to support the “transfer” of 10,000 acres of land to the cotton industry

Recently, the Kashgar branch of the Xinjiang Uygur Autonomous Region provided a working capital loan of 700 million yuan for rural land transfer and large-scale operations to Xinjiang Shuifa Agriculture Group Co., Ltd. (hereinafter referred to as “Shuifa Agriculture”) to support its purchase of agricultural products. The capital will meet the needs of 3.07 million acres of cotton planting base and help achieve a bumper cotton harvest.

“This is a critical period for cotton management and protection. The Agricultural Development Bank of China’s 700 million yuan loan has helped us purchase bulk agricultural inputs, improve our bargaining power, reduce cotton planting costs, and effectively alleviate the pressure on our production and operation funds. At present, cotton is growing It’s good and a bumper harvest is expected,” said Wu Dongzhen, head of Shuifa Agriculture.

Shuifa Agriculture is a large-scale enterprise specializing in the development of the agricultural industry. It mainly operates in land management and development, agricultural planting, agricultural input supply, agricultural product sales and other fields. This year, Shuifa Agriculture and its subsidiaries have transferred and operated 3.07 million acres of land in Xinjiang, including 670,000 acres of transferred land and 2.4 million acres of jointly operated land, effectively promoting the local scale of cotton planting. As the scale of Shuifa’s agricultural operations grows, the centralized procurement and supply of cotton agricultural inputs appears insufficient, and the demand for working capital for business operations continues to increase. After learning about the situation, the Kashgar branch immediately communicated with Shuifa Agriculture, publicized the agricultural land credit business policies of the Agricultural Development Bank of China, organized a professional team to design a financing plan, achieved rapid approval and rapid investment, and effectively provided the funds needed for the company’s land circulation. “Loan” to hope to solve corporate financing problems.

It is understood that since this year, the Kashgar branch has based on the advantages of abundant local land resources, guided by supporting the improvement of farmland quality and efficiency and large-scale land management, identified the matching point of agricultural policy financial services for rural revitalization, and continued to improve The “land + finance” service model strives to create a distinctive brand of “Rural Land Bank”. Up to now, a total of 1.62 billion yuan of agricultural land loans have been issued, which has successively supported Hualing Yecheng Agriculture and Animal Husbandry and other key enterprises to drive industrial development through land transfer, which has played a good demonstration role.

“In the next step, we will focus on the advantages of land resources and industrial development, and explore the creation of a ‘one-stop’ financial service chain that supports land management, agricultural input procurement, agricultural product purchase and processing, etc., to revitalize rural land resources and strengthen advantageous industries. It is the cotton industry that plays the role of agricultural policy finance in broadening channels for farmers to increase income.” said Liu Chunqi, Secretary of the Party Committee and President of the Kashgar Branch.

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