China's agricultural support program is expanding
China?s agricultural support program began in 2004 when it introduced three small subsidies targeted at grain producers: a direct payment, a subsidy for improved seed varieties, and a partial rebate for farm machinery purchases. The Government?s direct role in grain markets was reduced to an indirect one of buying and selling reserves to maintain food security and stabilize prices. Since 2004, expenditure on the initial set of programs has grown rapidly and new ones have been added. China?s support for agriculture is now large and wide-ranging.