Core Viewpoint - Hunan Yongxing County has introduced a "subsidy + insurance" policy package to support the oil tea planting industry, aiming to enhance farmers' income and ensure sustainable development of the industry [1][2]. Group 1: Policy Implementation - The county has allocated 7.2 million yuan for the transformation of 12,000 mu of low-yield oil tea forests, providing subsidies of 500 to 1,000 yuan per mu [2]. - An additional 6 million yuan is designated for the cultivation of 20,000 mu of young forests, along with 1 million yuan for the establishment of a 400 mu mechanized demonstration base [2]. - A total of 1.32 million yuan has been allocated for insurance coverage of 110,000 mu of oil tea forests, establishing a risk prevention mechanism for the industry [2]. Group 2: Industry Development - The oil tea industry faces significant investment and long cycles, with natural and market risks being major constraints [2]. - The "subsidy + insurance" policy effectively addresses these challenges by reducing upfront costs for farmers and providing insurance against natural disasters [2]. - Yongxing County has partnered with Hunan Academy of Forestry Sciences to introduce seven improved oil tea varieties and establish a 120 mu seedling breeding base, enhancing the supply of quality seedlings [3]. Group 3: Production and Economic Impact - The county has developed 70.85 million mu of oil tea forests, nurturing 128 large planting households, 15 professional companies, and 28 cooperatives [3]. - In 2024, the expected annual production of oil tea seeds is 52,000 tons, with a total output value exceeding 2.569 billion yuan [3]. - The county has 77 oil tea processing enterprises, with four equipped with automated production lines, achieving a production of 1,208 tons of tea oil, 11,000 tons of tea pomace, and 560 tons of tea saponin in 2023 [3].