让肉牛产业“牛”起来

Core Viewpoint - The beef cattle farming industry in Guyuan City, Ningxia, is a key agricultural sector that supports poverty alleviation and rural revitalization, with a projected cattle population of 1.06 million by the end of 2024, accounting for 43.27% of the region's total [1] Financial Support and Policy Measures - The People's Bank of China (PBOC) in Guyuan has implemented targeted financial policies to support the healthy development of the beef cattle industry, including measures to prevent banks from indiscriminately withdrawing loans from farmers and agricultural enterprises [2] - As of the end of August, the total loan balance for the beef cattle industry in Guyuan reached 17.57 billion, with a weighted average interest rate of 4.20% [1][2] - The PBOC has established a mechanism for government and financial institutions to connect with key projects, enhancing the financing capabilities for small and micro enterprises in the beef cattle sector [2] Credit System Development - The PBOC has expanded its credit system by implementing a "credit + loan" model, resulting in the establishment of credit archives for 1,841 new agricultural entities and a loan balance of 879 million [3] - A total of 25 credit towns and 445 credit villages have been recognized, with 130,500 credit users identified [3] Innovative Financing Products - The local government has introduced policies to facilitate live cattle collateral loans, enhancing risk management and efficiency in financing [4] - The PBOC has recorded the identification information of approximately 5,500 cattle and issued live cattle collateral loans totaling 44 million [4] - Innovative loan products like "Smart Animal Husbandry Loan" have been developed, utilizing digital identification and monitoring of livestock to provide low-cost financing [4] Risk Prevention and Coordination - Financial institutions are encouraged to conduct on-site investigations to assess funding needs and monitor loan quality, aiming to prevent potential defaults [5][6] - A comprehensive credit model involving government, banks, collateral, insurance, and refinancing has been proposed to mitigate credit risks [6] - As of the end of August, 169,300 cattle have been insured, providing risk coverage of 1.645 billion for 10,200 farming households [6]