China to Widen Insurance for Grain Farmers in Food Security Push
Country seeks ways to boost food output with limited farmland
Corn imports have more than tripled to record on hog feed use
By
Bloomberg News
China plans to broaden its agriculture insurance policies to protect more farmers and bolster production of crops including rice, wheat and corn in a bid to improve the security of food supplies.
Central and local governments will subsidize insurance costs for farmers to cover planting expenses and harvest revenue in the event of natural disasters, pest damage and other losses, according to Zou Jiayi, vice finance minister.
