China’s Efforts to Become a Self-Reliant Country in Agriculture

China Agriculture

China Agriculture
Image: china-agriculture.org

Focused on agricultural investments, Tim Hornibrook of Sydney, Australia, has experience managing high-net-worth portfolios. Tim Hornibrook makes it a priority to evaluate global agriculture to enrich his expertise in the industry.

China continues to be a leader in agricultural imports; however, its government aims to build a self-sustaining environment by producing staple foods domestically. The goal is to prevent hunger without the reliance of other countries for support. In addition to ensuring food security, China will focus on modernization and rural-urban income inequality.

In 2012, the Chinese government allocated $75 billion toward farming initiatives. Given as subsidies, the funds helped farmers grow foods that were typically purchased overseas at a low price. From 2007 to 2012, support programs for rice doubled in size, while those for wheat went up 70 percent. In addition, the government offered funding for soybean, rapeseed, cotton, and corn farming. Other areas receiving support included hog and cattle farming.

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