Chapter VII Supportive Policies

Article 49 The State supports the construction projects for developing agriculture and the rural economy, and the relevant competent specialized farmers cooperatives may be entrusted with or assigned such tasks.

Article 50 The Central and local governments shall respectively allot funds to support the specialized farmers cooperatives in providing services in respect of information, training, quality standards for farm products and their authentication, construction of infrastructure for agricultural production, marketing, technology dissemination, etc. Priority shall be given to the specialized farmers cooperatives in ethnic areas, outlying areas and poverty-stricken areas and to the ones engaging in the production of major farm products which are urgently needed by the State and the society.

Article 51 The policy-oriented financial institutions of the State shall adopt diversified means to provide funds through various channels in support of the specialized farmers cooperatives. The specific supportive policies shall be formulated by the State Council.

The State encourages the commercial financial institutions to provide financial services to the specialized farmers cooperatives by diversified means.

Article 52 The specialized farmers cooperatives shall enjoy preferential treatment in taxation prescribed by the State in respect of agricultural production, processing, circulation and services and other economic activities involving agriculture.

Other preferential taxation policies in support of the development of specialized farmers cooperatives shall be formulated by the State Council.