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Thursday, July 26, 2001, updated at 21:48(GMT+8) | ||||||||||||||
Business | ||||||||||||||
Transfer of Contracted Farmland Accelerates in ChinaThe transfer of farmland contracted by farmers for large-scale cultivation has accelerating in China's eastern and southern regions.Some 93 million hectares of the country's farmland has been distributed to some 230 million rural households since the famous household contract responsibility system with remuneration linked to output was adopted more than 20 years ago. According to sources with the agricultural department, farmers transfer their contracted land to enterprises involved in industrialized agricultural operations. In this way, both the farmers and enterprises can earn more and resources are better used. The transfer began when an increasing number of farmers in some traditional agricultural bases had left the land for greener grass in cities due to a sluggish farm produce market and heavy financial burdens placed on farmers in recent years. In coastal regions, many companies, foreign-funded firms, institutions and even urbanites are now able to contract farmland to engage in large-scale agricultural operations. In China's southernmost Hainan Province, for example, a total of 40,000 hectares of farmland have been rented out.
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