Review and Impact Analysis of Corn Subsidy Policies of Chinese Government
This report aims to analyse the impacts of the policies on corn industry in the aspects of planting area, production, import & export, inventory and price after 2007, revealing the reasons for the change of the corn policies and the future trend for these policies.
China's corn reserve policy which was carried out in 2007, aims to stabilize the market price of corn by ensuring farmers' corn production to keep a stable corn supply in China. From 2007 to March 2016, corn production and planting area grew rapidly. However, as the domestic corn is not as competitive as the imported one, China has gradually become a net importer of corn, resulting in a lot of corn stock. So China's corn subsidy policies gradually turned to 'market procurement' and direct subsidies to corn producers.
How does the corn reserve policy affect the corn industry in recent years? What is the supply and demand situation of corn in recent years? What are the changes in government subsidies and corn stock? Why is China increasingly becoming a net importer of corn? What is the future trend for the corn policies?
In this report, you will find answers to those questions mentioned above. The report mainly focuses on the information below:
China's corn reserve policy which was carried out in 2007, aims to stabilize the market price of corn by ensuring farmers' corn production to keep a stable corn supply in China. From 2007 to March 2016, corn production and planting area grew rapidly. However, as the domestic corn is not as competitive as the imported one, China has gradually become a net importer of corn, resulting in a lot of corn stock. So China's corn subsidy policies gradually turned to 'market procurement' and direct subsidies to corn producers.
How does the corn reserve policy affect the corn industry in recent years? What is the supply and demand situation of corn in recent years? What are the changes in government subsidies and corn stock? Why is China increasingly becoming a net importer of corn? What is the future trend for the corn policies?
In this report, you will find answers to those questions mentioned above. The report mainly focuses on the information below:
- Overview of China's economic and agricultural growth
- China's corn supply and demand balance in recent years
- Policies on and changes in China’s corn planting and supply, corn import and export
- Price changes and comparison between domestic and imported corn
- Forecast on Chinese government's policy trend for corn industry
EXECUTIVE SUMMARY
INTRODUCTION AND METHODOLOGY
1 BACKGROUND OF CHINA'S CORN SUBSIDY POLICIES AND POLICY CHANGES
1.1 Overview of China's economic and agricultural growth since the late 1970s
1.2 Position of China's corn supply and demand in the global landscape
1.3 China's corn supply and demand balance in recent years
2 CHINA'S CORN SUBSIDY POLICIES IN RECENT YEARS AND IMPACT ANALYSIS
2.1 Policies on corn planting and supply
2.2 Corn planting area and output changes
2.3 Price changes and comparison between domestic and imported corn
2.4 Policies on corn import and export
2.5 China's import and export volume changes of corn and its substitutes
3 FORECAST ON CHINESE GOVERNMENT'S POLICY TREND ON CORN INDUSTRY
INTRODUCTION AND METHODOLOGY
1 BACKGROUND OF CHINA'S CORN SUBSIDY POLICIES AND POLICY CHANGES
1.1 Overview of China's economic and agricultural growth since the late 1970s
1.2 Position of China's corn supply and demand in the global landscape
1.3 China's corn supply and demand balance in recent years
2 CHINA'S CORN SUBSIDY POLICIES IN RECENT YEARS AND IMPACT ANALYSIS
2.1 Policies on corn planting and supply
2.2 Corn planting area and output changes
2.3 Price changes and comparison between domestic and imported corn
2.4 Policies on corn import and export
2.5 China's import and export volume changes of corn and its substitutes
3 FORECAST ON CHINESE GOVERNMENT'S POLICY TREND ON CORN INDUSTRY
LIST OF TABLES
Table 1.1-1 Average annual growth rate of China's economy, 1970–2015
Table 1.1-2 Changes in structure of China's economy, 1970–2015
Table 1.3-1 China's corn output, import and export volume in 2004–2016, '000 tonne
Table 2.1-1 China’s Producer Support Estimates for major commodities, 2006–2015, million USD
Table 2.1-2 Chinese government's floor prices for corn, 2008–2015
Table 2.1-3 China's direct corn producer payment by province/region, 2016
Table 2.1-4 Details of overall Northeast China processor subsidy fund allocation, 1 November, 2016–30 April, 2017
Table 2.2-1 China's corn and grain crops planting area, 2001–2016
Table 2.2-2 China's corn and grain crops output, 2001–2016
Table 2.3-1 Comparison between domestic price in China and world market price for corn, 2001–2015, USD/t
Table 2.4-1 China’s tariff rate quota on corn import, 2001–2017
Table 2.5-1 China's import and export volume of corn and its substitutes during 2004–2016, '000 tonne
Table 1.1-1 Average annual growth rate of China's economy, 1970–2015
Table 1.1-2 Changes in structure of China's economy, 1970–2015
Table 1.3-1 China's corn output, import and export volume in 2004–2016, '000 tonne
Table 2.1-1 China’s Producer Support Estimates for major commodities, 2006–2015, million USD
Table 2.1-2 Chinese government's floor prices for corn, 2008–2015
Table 2.1-3 China's direct corn producer payment by province/region, 2016
Table 2.1-4 Details of overall Northeast China processor subsidy fund allocation, 1 November, 2016–30 April, 2017
Table 2.2-1 China's corn and grain crops planting area, 2001–2016
Table 2.2-2 China's corn and grain crops output, 2001–2016
Table 2.3-1 Comparison between domestic price in China and world market price for corn, 2001–2015, USD/t
Table 2.4-1 China’s tariff rate quota on corn import, 2001–2017
Table 2.5-1 China's import and export volume of corn and its substitutes during 2004–2016, '000 tonne
LIST OF FIGURES
Figure 1.1-1 Contribution of agriculture to China's economy, 1978–2015
Figure 1.1-2 Output of China's major agricultural crops, 1980–2015
Figure 1.1-3 Planting area of China's major agricultural crops, 1980–2015
Figure 1.1-4 Changes of income gap between rural residents and urban residents in China, 1978–2015
Figure 1.2-1 Corn harvested area and output in the world, 2001–2014
Figure 1.2-2 Top seven corn production countries in the world by harvested area and output, 2015
Figure 1.3-1 Output, import, export, domestic consumption and stock of corn in China, 2007–2016
Figure 2.2-1 China's corn and grain crops planting area changes, 2001–2016
Figure 2.2-2 China's corn and other major grain crops' planting area growth rates, 2007–2015
Figure 2.2-3 China's corn and grain crops output changes, 2001–2016
Figure 2.2-4 China's corn and other major grain crops' output growth rates, 2007–2015
COMPANIES MENTIONED
China Grain Reserves Management Corporation
COFCO Limited
Heilongjiang Beidahuang Nongken Group Corporation
Figure 1.1-1 Contribution of agriculture to China's economy, 1978–2015
Figure 1.1-2 Output of China's major agricultural crops, 1980–2015
Figure 1.1-3 Planting area of China's major agricultural crops, 1980–2015
Figure 1.1-4 Changes of income gap between rural residents and urban residents in China, 1978–2015
Figure 1.2-1 Corn harvested area and output in the world, 2001–2014
Figure 1.2-2 Top seven corn production countries in the world by harvested area and output, 2015
Figure 1.3-1 Output, import, export, domestic consumption and stock of corn in China, 2007–2016
Figure 2.2-1 China's corn and grain crops planting area changes, 2001–2016
Figure 2.2-2 China's corn and other major grain crops' planting area growth rates, 2007–2015
Figure 2.2-3 China's corn and grain crops output changes, 2001–2016
Figure 2.2-4 China's corn and other major grain crops' output growth rates, 2007–2015
COMPANIES MENTIONED
China Grain Reserves Management Corporation
COFCO Limited
Heilongjiang Beidahuang Nongken Group Corporation
