风吹麦浪夏粮丰 金融活水保丰收——新季小麦质优量足 金融机构备足资金确保“钱等粮”

Core Viewpoint - The summer grain harvest, particularly wheat, is crucial for China's overall grain production, accounting for over 20% of the annual total. The quality and pricing of the new season wheat are essential for market stability and farmer income [1][2]. Wheat Quality and Harvest Progress - The quality of the new season wheat is reported to be better than in previous years, with 2.6 million acres harvested by June 10, 2023, representing a 74.72% completion rate. Regions like Jiangsu and Shaanxi are nearing completion, while others like Shandong and Hebei are progressing [2]. - In Zhoukou, Henan, the promotion of high-yield and resilient wheat varieties has led to 85% of the wheat being classified as high quality [2]. Minimum Purchase Price Policy - For the first time since 2021, the minimum purchase price policy for wheat has been reinstated in Henan, effective June 7, 2025. The minimum price has increased from 1.12 yuan per jin in 2020 to 1.19 yuan per jin in 2023 [3][4]. - The implementation of this policy is expected to stabilize wheat prices and alleviate selling pressure for farmers, with prices in Henan rising from 1.15-1.17 yuan per jin to 1.18-1.20 yuan per jin [4]. Market Dynamics and Price Trends - The current minimum purchase price policy is seen as a "strong booster" for the wheat market, with expectations for stable and potentially rising prices due to increased purchasing activity from various enterprises [5]. - The price of corn has also been rising, with some areas seeing corn prices surpassing wheat prices, which may influence feed companies to purchase more wheat, further supporting wheat prices [5]. Financial Support for Grain Purchase - Financial institutions are actively ensuring sufficient credit supply for summer grain purchases, with the Agricultural Development Bank of China allocating 150 billion yuan specifically for this purpose, an increase of 40 billion yuan from the previous year [8][9]. - The bank has implemented measures to expedite loan approvals and disbursements, ensuring timely financial support for grain purchasing activities [10]. Local Financial Initiatives - Local financial institutions, such as the Gaocun Rural Credit Cooperative, are providing comprehensive financial support to farmers, simplifying loan processes, and utilizing technology to enhance service efficiency [11][12]. - The National Grain and Material Reserve Bureau is committed to monitoring market conditions and ensuring the smooth execution of grain purchasing operations to protect farmers' interests [12].