点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 中央一号文件发布，农化行业稳健发展将奠定农业强国基础 农药：价格筑底行业景气有待改善，关注国产创制农药放量进展 农药行业整体仍处于周期底部磨底阶段，主流原药及除草剂品种的价格维持在较低水平。根据iFinD数 据，截至2月6日国内农药原药以及除草剂、杀虫剂、杀菌剂农药原药价格指数分别为 70.37/77.05/62.66/69.32点，均处于历史偏底部位置，且近期波动幅度较小。我们认为随着库存周期的见 底以及全球农业需求的稳定修复，行业整体景气度呈现出边际好转的趋势。此外，在供给端"反内卷"与产 能自然减压的过程中，行业的竞争重点已由单纯的规模扩张转向技术驱动的附加值提升。我们一方面看好 拥有完整产品和中间体产能布局的行业头部企 ...

夯实"三农"工作基础，让"压舱石"更加稳固。必须清楚，全面建设社会主义现代化国家，实现中华民族 伟大复兴，最艰巨最繁重的任务依然在农村，最广泛最深厚的基础依然在农村。2026年是"十五五"开局 之年，"十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期。当前，国际环境复杂 严峻，我国发展面临的不确定难预料因素增多，稳住农业基本盘、守好"三农"基础的重要性也进一步凸 显。加快农业强国建设步伐，将为高质量发展注入更加澎湃的动能。 强农、惠农、富农，中央一号文件释放时代强音。今年中央一号文件是党的十八大以来中央连续发出的 第14个指导"三农"工作的"一号文件"，也是"十五五"开局之年发布的首个"一号文件"。文件锚定农业农 村现代化目标，以推进乡村全面振兴为总抓手，以学习运用"千万工程"经验为引领，对当前和今后一个 时期"三农"工作作出了系统部署，释放出强农、惠农、富农的时代强音。在落实上下功夫，做好"三 农"各项工作，将为"十五五"开好局、起好步提供有力支撑。 中国要强，农业必须强；中国要美，农村必须美；中国要富，农民必须富。建设农业强国既是社会主义 现代化强国的应有之义，也是社会主义现代化强国的重要 ...

省委农村工作会议在济南召开 林武讲话 周乃翔作总结讲话 葛慧君出席 2月4日，省委农村工作会议在济南召开。会议全面贯彻党的二十大和二十届历次全会精神，深入贯 彻习近平总书记关于"三农"工作的重要论述和视察山东重要讲话精神，落实中央经济工作会议、中央农 村工作会议精神，分析形势，交流经验，研究部署今年"三农"工作。 省委书记林武出席会议并讲话，省委副书记、省长周乃翔作总结讲话，省政协主席葛慧君出席。 会议指出，过去的一年，全省上下牢记习近平总书记嘱托，全面贯彻党中央决策部署，统筹乡村产 业发展、乡村建设、乡村治理，农业农村各项工作取得新进展新成效。"十四五"时期，我省农业农村发 展保持良好态势，农业综合实力跃上新台阶，农民生活水平持续攀升。 会议强调，今年是"十五五"开局之年，做好"三农"工作至关重要。要锚定"走在前、挑大梁"，坚持 以片区建设为抓手打造乡村振兴齐鲁样板，聚焦聚力产能提升、富民强县、生态宜居、共治共享和常态 帮扶，切实把农业建成现代化大产业、使农村基本具备现代生活条件、让农民生活更加富裕美好，努力 在农业强国建设中走在前列。要在建设更高水平"齐鲁粮仓"上再加力，毫不放松抓好粮食生产，提升多 元食 ...

李红军 春潮澎湃起，万象启新章。2月3日，2026年中央一号文件重磅发布，这是党的十八大以来第14个指 导"三农"工作的中央一号文件。文件以农业农村现代化为核心锚点，以乡村全面振兴为总抓手，用清晰 的路线图、务实的任务书，在希望的田野上擘画了农业高质高效、乡村宜居宜业、农民富裕富足的时代 新图，为新时代农业强国建设注入澎湃动能，也为中国式现代化筑牢了"三农"根基。 农为邦本，本固邦宁。农业农村现代化是中国式现代化的底线要求和重要底色，更是全面建设社会主义 现代化国家的基础性工程。党的十八大以来，我国"三农"工作取得历史性成就，农业综合生产能力迈上 新台阶，农民生活水平显著提高，乡村全面振兴取得明显进展。站在"十五五"开局的新起点，面对全球 粮食安全形势复杂、城乡融合发展进入关键阶段的新形势，此次中央一号文件的出台，既是对过往"三 农"工作成果的延续升华，更是对农业农村发展新趋势、新问题的精准回应。 守牢底线，牢记"国之大者"方能行稳致远。文件将保障国家粮食安全、巩固拓展脱贫攻坚成果作为刚性 任务，为乡村全面振兴划定了发展路线。在粮食安全上，明确粮食产量稳定在1.4万亿斤左右，通过加 力实施新一轮千亿斤粮食产能 ...

新的一年，"三农"工作怎么干？2025年12月29日至30日召开的中央农村工作会议，分析当前"三农"工作 面临的形势和挑战，部署2026年"三农"工作，对于我们加快补齐农业农村领域突出短板、加快建设农业 强国具有重要意义。兵团以农起家，农业是兵团的基础产业、优势产业，理应在农业强国建设中展现兵 团担当、作出兵团贡献。为深入贯彻中央农村工作会议精神，结合兵团实际、因地制宜抓好各项工作部 署落地落实，努力推动农业农村现代化走在西部前列，本版编发部分相关文章，供读者学习参考。 编者按 ...

Core Insights - The agricultural sector in China is experiencing steady progress, with significant achievements in food production and rural development as the country approaches the end of the 14th Five-Year Plan in 2025 [1][2][3] Group 1: Agricultural Production - Grain production reached a historical high of 14,298 billion jin in 2025, maintaining over 14 trillion jin for two consecutive years [1] - Soybean production reached 20.91 million tons, remaining above 20 million tons for four consecutive years [1] - Livestock production, including pork, beef, lamb, and poultry, totaled 100.72 million tons, reflecting a 4.2% increase from the previous year [1] - The national agricultural product quality safety monitoring compliance rate reached 98% [1] Group 2: Poverty Alleviation and Social Welfare - The achievements in poverty alleviation are being consolidated, with over 7 million monitoring subjects identified and supported to eliminate the risk of returning to poverty by the end of 2025 [2] - The levels of education, basic healthcare, housing safety, and drinking water safety for the impoverished population have continued to improve [2] Group 3: Agricultural Modernization - By 2025, the area of newly built and upgraded high-standard farmland reached 7.568 million acres, with a total of over 100 million acres of high-standard farmland established nationwide [2] - The contribution rate of agricultural technology progress exceeded 64% in 2025 [2] - The comprehensive mechanization rate for crop farming reached 76.7% [2] Group 4: Rural Development and Reforms - The added value of the agricultural product processing industry increased by 5.6% year-on-year [3] - The per capita disposable income of rural residents reached 24,456 yuan, reflecting a real growth of 6% from the previous year [3] - The coverage rate of sanitary toilets in rural areas reached approximately 77% [3] - The pilot extension of the second round of land contracts for an additional 30 years has expanded to seven provinces, stabilizing over 25 million farm households [3] Group 5: Future Focus Areas - The Ministry of Agriculture and Rural Affairs will focus on six key areas for the upcoming 15th Five-Year Plan, including stabilizing food production, consolidating poverty alleviation results, enhancing agricultural technology, promoting farmers' income, improving rural living conditions, and advancing rural reforms [4]

国务院新闻办公室1月22日举行新闻发布会，介绍加快农业农村现代化，扎实推进乡村全面振兴有关情况。 农业农村部副部长张兴旺在会上介绍了2025年我国农业农村经济运行的基本情况。他表示，各级农业农村部门扎实有力推进乡村全面振兴和农业 强国建设重点工作，农业农村发展保持了稳中有进、稳中向好的势头，全年和"十四五"各项目标任务顺利完成，为推动经济社会高质量发展提供 了基础支撑。 1月22日，国务院新闻办公室在北京举行新闻发布会，介绍加快农业农村现代化，扎实推进乡村全面振兴有关情况，并答记者问。新华社记者 潘 旭 摄 ■粮食生产再获丰收，"菜篮子"产品供给充裕 ■宜居宜业和美乡村建设扎实推进，民生福祉持续增进 ■农村改革持续深化，发展活力进一步增强 ■脱贫攻坚成果持续巩固拓展，牢牢守住了不发生规模性返贫致贫这一底线 ■科技装备支撑不断强化，农业现代化水平持续提升 编导：房宽 记者：杨金鑫、王怿文、刘铭翔 新华社音视频部制作 【纠错】 【责任编辑:焦鹏】 2026年是"十五五"开局之年，做好"三农"工作至关重要。锚定目标、接续奋斗，必将推动农业基础更加稳固、农村地区更加繁荣、农民生活更加 红火，不断开创乡村全面振兴新局面 ...

Group 1 - The core viewpoint of the articles emphasizes the steady progress in agricultural modernization and rural revitalization in China, highlighting the successful completion of targets for the year and the "14th Five-Year Plan" [1][10] - The agricultural sector has maintained a stable growth trajectory, with grain production remaining above 1.4 trillion jin for two consecutive years, and the production of meat reaching 100.72 million tons, a year-on-year increase of 4.2% [2][9] - The quality of agricultural products has improved, with a national monitoring compliance rate of 98% for food safety, and the comprehensive utilization rate of livestock manure exceeding 80% [2][7] Group 2 - The government plans to enhance grain production through targeted measures, including optimizing production structures and expanding the cultivation of high-quality crops [2][4] - The "菜篮子" (vegetable basket) supply is assured for the upcoming Spring Festival, with an increase of over 1.9 million mu in vegetable planting area compared to the previous year [3][9] - The transition to a stable support policy for poverty alleviation is underway, with over 7 million individuals identified for assistance and a focus on maintaining employment for over 32 million people from impoverished backgrounds [4][5] Group 3 - Infrastructure improvements in rural areas are ongoing, with advancements in water, electricity, and transportation facilities [6][7] - The application of modern technology, including artificial intelligence in agriculture, is being promoted to enhance productivity and innovation in the sector [8][9] - The overall rural income is projected to reach 24,456 yuan per capita by 2025, reflecting a real growth of 6% year-on-year [7][9]

Core Insights - In 2025, China's grain production reached 14,298 billion jin, an increase of 1.68 billion jin, marking a historical high [1] - The production of pork, beef, mutton, and poultry reached 10.072 million tons, a growth of 4.2% compared to the previous year [1] - The scale of employment for rural laborers exceeded 32 million, with per capita disposable income for rural residents reaching 24,456 yuan, reflecting a real growth of 6% year-on-year [1] Group 1: Agricultural Development - The Ministry of Agriculture and Rural Affairs reported steady progress in rural revitalization and agricultural modernization, completing all targets for the year and the 14th Five-Year Plan [1] - In 2026, the focus will be on accelerating agricultural modernization and ensuring that agriculture becomes a modern large-scale industry, improving living conditions in rural areas [1] Group 2: Poverty Alleviation and Employment - The transition period for consolidating poverty alleviation results has ended, moving into a new phase of normalized support, with over 85% of poverty-stricken households receiving at least one form of industrial support [3] - The employment scale of the poverty alleviation population has remained stable at over 30 million for five consecutive years, securing more than two-thirds of the income for impoverished families [3] Group 3: Agricultural Production Capacity - The Ministry emphasizes the need to enhance agricultural production capacity and quality, focusing on high-quality development and integrating technology, green practices, and brand development [4] - A new round of actions to increase grain production capacity will be implemented, aiming to build a diversified food supply system and ensure food security [4] Group 4: Land Policy and Support Mechanisms - The central government has initiated a second round of land contract extensions for 30 years, covering seven provinces and benefiting over 25 million households [5] - Starting in 2026, the Ministry will guide provinces in implementing the land extension policy, ensuring steady progress in pilot projects to support agricultural modernization [5]

张兴旺表示，2026年，要加快农业农村现代化，扎实推进乡村全面振兴，努力把农业建成现代化大 产业、使农村基本具备现代生活条件、让农民生活更加富裕美好，为"十五五"开好局、起好步提供 有力支撑。 2026.01. 22 本文字数：1512，阅读时长大约2分钟 作者 | 第一财经 祝嫣然 2025年，我国粮食产量达到14298亿斤、增产168亿斤，再创历史新高。猪牛羊禽肉产量达到了 10072万吨、比上年增长4.2%。全国脱贫劳动力务工就业规模超过了3200万人，农村居民人均可 支配收入达到24456元、比上年实际增长6%。 1月22日，农业农村部发布了上述数据。农业农村部副部长张兴旺表示，过去一年，扎实有力推进乡 村全面振兴和农业强国建设重点工作，农业农村发展保持了稳中有进、稳中向好的势头，全年和"十 四五"各项目标任务顺利完成，为推动经济社会高质量发展提供了基础支撑。 在提效益、促增收方面，张兴旺表示，重点是培育壮大乡村富民产业，推动延链补链强链。做强农产 品加工业，分类培育龙头企业、"链主"企业，协同推进农产品初加工、精深加工和副产物综合利用 加工，加快补上仓储保鲜、冷链物流、预冷烘干等短板。开发农业多种功 ...