机械设备行业：饲草产业高质量发展政策助力相关设备市场发展

Investment Rating - The industry investment rating is Neutral (maintained) [1] Core Viewpoints - The report highlights the potential for significant development in the related equipment market due to the high-quality development policies for the forage industry, as outlined in the recent government opinion [1] - The opinion emphasizes expanding forage planting areas and improving production efficiency, with a target of reaching 135 million mu of quality forage by 2030, covering 85% of the domestic demand for quality forage for cattle and sheep [1] - Infrastructure construction related to forage planting is expected to drive the market for construction machinery, including excavators and road construction equipment [1] - The report suggests that the development of research and production equipment for the forage industry will be a key focus, with an aim to achieve a self-sufficiency rate of 75% for forage seeds by 2030 [1] Summary by Sections Forage Industry Development - The government opinion aims to enhance the modern forage industry system by promoting the planting of forage on arable land without changing land categories and utilizing underused land resources [1] - The report notes that the total arable land area in China reached 1.91 billion mu in 2021, with grassland area at 5.89 billion mu, indicating substantial agricultural potential [1] Infrastructure and Machinery - The report indicates that the construction of infrastructure for forage planting, such as land leveling and irrigation systems, will create new growth opportunities for the machinery market [1] - It highlights the need for improved storage facilities for forage, which will further stimulate demand for related machinery [1] Research and Development - The report emphasizes the importance of supporting research in forage quality and breeding, with a focus on developing key technologies and establishing domestic laboratories [1] - It suggests that the machinery for forage production and processing will see increased mechanization, enhancing efficiency in various production stages [1]