Taizhou city moves to boost incomes of farmers

A splendid view of villages in Taizhou city. [Photo/WeChat account: tzfabu]

In the first half of the year, the per capita disposable income of the rural residents in Taizhou city – located in East China's Jiangsu province – surged 7.9 percent year-on-year, according to the latest statistics.

That was 1.1 percentage points higher than the provincial average growth rate – ranking it first in the province in terms of the growth rate.

In recent years, Taizhou has continued to roll out great policies designed to boost the incomes of farmers. At the start of the year, the city's nine departments released five major initiatives containing 20 policies – including supporting the development of the village collective economy, as well as promoting resources such as finance and land for rural grassroots folks.

Moreover, some practical measures to help benefit farmers have also been promoted. The city has relied on the land transfer system to attract investment, helping local farmers get employment.

From January to June, the per capita wage income of Taizhou farmers hit 9,500 yuan ($1,327), up 7.2 percent year-on-year.

To improve its land use efficiency, Taizhou has implemented a joint-stock cooperative business model, enabling farmers to obtain property income from land transfers.

What's more, the city has undertaken moves to organize financial institutions to connect with the demand side. At present, it has established 1,238 rural financial service stations, serving 87,700 rural operators and farmers. It has also provided 16.45 billion yuan in support agricultural projects.