China's top grain producing region plans to increase subsidies for corn growers as a stocks glut eases, and will keep soybean subsidies at high levels for a second year running, official media reported.
According to a report at Successful Farming, the increase for corn marks is a reversal from last year when the government was still trying to encourage farmers to reduce corn acreage as it sold off mammoth stocks of aging grain.
Soybeans will attract a much bigger subsidy, however, after Beijing pledged to expand domestic soybean output this year amid a bitter trade war with the United States.
