Core Insights - The meat cattle industry in Haiyuan County is crucial for rural revitalization and increasing farmers' income, experiencing rapid growth due to rising market demand and policy support [1][2] - Financial institutions are focusing on the financing needs of the meat cattle industry, enhancing credit products and services to facilitate industry transformation and upgrading [1][2] Group 1: Industry Development - As of June 2025, Haiyuan County has seen a meat cattle output of 49,900 heads, representing an 18.2% year-on-year increase [1] - The loan balance for the meat cattle industry reached 1.63 billion yuan, accounting for 16% of the agricultural loan balance in Haiyuan County and 38.10% of the total meat cattle loans in Zhongwei City [1] Group 2: Financial Support Mechanisms - The People's Bank of China in Zhongwei City has guided local financial institutions to create a whitelist system for meat cattle farmers, allowing prioritized credit approval and interest rate discounts [2] - Haiyuan Rural Commercial Bank has issued 1.306 billion yuan in loans for the meat cattle industry, making up 19.28% of its total loans [2] Group 3: Tailored Financial Products - Financial institutions have developed specialized credit products for the meat cattle industry, such as "Smart Livestock Loan" and "Agricultural Benefit e-Loan," optimizing loan amounts, terms, and interest rates [4] - Agricultural Bank of Haiyuan has implemented a "5+X" credit model to support impoverished households in expanding production, providing additional credit beyond the initial 50,000 yuan loan [4] Group 4: Risk Management and Insurance - The Haiyuan County government has established a special guarantee fund to support financing for meat cattle enterprises and farmers, offering risk compensation for qualifying guarantee businesses [5] - Insurance companies have expanded coverage for meat cattle insurance, developing products for different growth stages to mitigate risks in the breeding process [5]