date:Jan 21, 2014
icy to encourage farmers in eastern provinces such as Henan and Shandong, where cotton output has already been in sharp decline, to switch to food crops.
The subsidy will be based on a target price, according to the document, following a system similar to one used in the United States.
The government said it would gradually build a system of target prices for agricultural products so that when the market price is high, low income consumers will be subsidised, while when the market price is low