Core Viewpoint - The Sichuan white angelica market is experiencing significant price declines, impacting farmers' planting enthusiasm and leading to a reduction in planting area. Group 1: Market Conditions - The price of Sichuan white angelica has dropped from 8 yuan per kilogram at the end of 2022 to around 2 yuan this year, causing potential losses for farmers [1] - The planting area for white angelica in Suining has been shrinking since 2023 due to the unfavorable market conditions [1] Group 2: Quality and Market Strategy - Farmers are focusing on quality over price to stabilize the market, emphasizing the importance of "authentic" Sichuan white angelica, which has higher active ingredient content compared to other regions [2] - A provincial agricultural standardization project has been implemented, resulting in a 10% increase in total yield and a corresponding 10% increase in price due to quality improvements [2] Group 3: Market Diversification - There is a shift in market focus from traditional medicinal uses to new applications, such as hot pot base ingredients, which has stabilized demand [2] - Companies are processing around 3,000 tons of white angelica annually, with 60% now used for hot pot and seasoning products, leading to higher purchase prices for farmers [2] Group 4: Support and Future Outlook - Local authorities are working on agricultural insurance products to mitigate risks from price fluctuations and climate impacts [3] - Despite current low prices, there is optimism for a price increase next year due to expected declines in production and changes in market supply and demand [3] - Farmers plan to gradually restore planting areas, with intentions to increase by 100 to 200 acres in the coming year [3]