11/12/2018: China Soybean Subsidy Boosted & DOUBLED!!
WOW! WOW!! WOW!!! WOW!!!! WOW!!!!!
CONGLOMERATE YANGLIN SOYBEAN GROUP IS A CASH COMPOUNDING MACHINE!!!!!!!!!
The soybean subsidy in China's largest soybean-producing province has been nearly doubled this year and the corn subsidy has been slashed as officials try to engineer a shift in acreage from corn to soybeans.
( YSYB IS IN HEILONGJIANG PROVINCE THAT RESTRICTS ALL TO ONLY NON-GMO AGRICULTURE!!! )
Grain and Oils News reported last week that the Heilongjiang Provincial Government raised the soybean subsidy payment to 320 yuan per mu this year from 173 yuan last year. The corn subsidy was cut to just 25 yuan per mu from 133 yuan last year. This year's soybean subsidy would equal about $280 per acre and the corn subsidy would be about $22 per acre at the current exchange rate. Subsidy funds will be issued to county agricultural bureaus who are supposed to distribute payments to farmers within 15 days.
Heilongjiang Province soybean and corn subsidies, 2017-18
Crop
2017
2018
Yuan per mu
Soybeans
173
320
Corn
133
25
Source: Grain and Oils News.
MORE SOYBEAN PRODUCTION MEANS A LOT MORE HUUUGE YSYB PROFITS!!!!!!!!!
Just imagine those figures of colossal MULTI-MILLIONS OF REVENUES!!!
YSYB PROCESSES OVER TWO MILLION TONS PER YEAR!!!!!!!!!
Grain and Oils News proclaims that the higher subsidy for soybeans has stimulated more soybean production. This is puzzling since the amount of the subsidy is being announced after farmers have already harvested their soybeans, about 6 months after they decided what to plant. In May, Chinese propaganda announced that soybean subsidy payments would be 200-to-210 yuan per mu. Also during spring planting "emergency measures" were announced which promised subsidies of 350 yuan per mu in some localities that included a 150-yuan "crop rotation subsidy" payment for shifting land from corn to soybeans.
According to calculations reported by Grain and Oils News, the 320-yuan subsidy is equivalent to 1.33 yuan per 500g of soybeans produced. This nearly doubles income from soybeans which currently fetch a price of 1.6 to 1.7 yuan per 500g (roughly $12.50 to $13.70 per bushel). A county soybean association official said a price of 3 yuan/500g (about $23/bu.) for soybeans would induce farmers to grow more soybeans.“ ~ sourced
Metrics for your quick convenience:
6 MU = ONE ACRE.
15 MU = ONE HECTARE = 2.471 ACRES.
YSYB IS ALSO AN EXPAAANSION GROWTH CONGLOMERATE!
MBA CEO SHULIN LIU HAS KEEN FORESIGHT!!
>>> GO BABY YSYB GOGOGO!!! >>>>>>>>>
