Agricultural Development Bank of China Xinjiang Branch’s financial resources help spring cotton sowing
Since the spring sowing of cotton in Xinjiang kicked off from south to north in late March, as the “Cotton Bank”, the Xinjiang Branch of the Agricultural Development Bank of China has relied on its positional and resource advantages to make sufficient financial preparations and increase service efforts. , promptly provided strong financial support for spring sowing of cotton in the region. As of the end of the first quarter, 7.309 billion yuan of cotton spring sowing preparation loans had been issued.
Laying a solid foundation for “ploughing” and having the confidence to sow in spring
In the 42nd Regiment of Tumushuke City, the Third Division of the Xinjiang Production and Construction Corps, 10,000 acres of farmland that were once inefficient and scattered have been transformed into modern, high-standard farmland with “square fields, a network of roads, and connected canals” through land leveling.
“With the financial support of 896 million yuan from the Agricultural Development Bank of China, we have reclaimed this inefficient field into a uniform and efficient field, and the spring sowing of cotton has been carried out as scheduled.” The person in charge of Tumushuke City Supply and Marketing Cooperative Cooperative Co., Ltd. Han Jun said that so far, the project has completed 522,600 acres of land leveling, field road repairs and farmland water conservancy facilities renovation, and cotton planting has also been mechanized. At the same time, it is expected to save 30-50 cubic meters of water per acre of land.
In order to ensure the promotion of high-standard cotton field construction in cotton-producing areas like Tumushuk City in the region, the Xinjiang Branch of the Agricultural Development Bank of China took the initiative to provide services. At the beginning of this year, it jointly issued the ” Notice on Promoting Policy-Based Financial Support for the Construction of High-Standard Farmland”, build an information sharing platform for agricultural and rural departments at all levels and the Agricultural Development Bank of China, find out the number of acres of cotton planned to be planted in the region in the new year, and launch “agricultural land + industrial loan” Financing models such as “Farmland + Technology Loans” have provided a total of 6.046 billion yuan in cotton farmland loans, and have successively supported Aksu, Kashgar, Hotan and other places with “fields, soil, water, roads, forests, electricity, technology and management” as the main The land transfer, large-scale operation and high-standard cotton field construction projects have effectively promoted cotton preparation for spring sowing in the region and laid a good foundation for this year’s cotton harvest.
Smart spring plowing production capacity is guaranteed
Recently, in the mulch film production workshop of Xinjiang Tianye (Group) Co., Ltd., dozens of machines were lined up, running 24 hours a day, and the production plan was advanced in an orderly manner.
Tianye Group is the largest manufacturer of plastic water-saving equipment in the country. It is also a key enterprise supported by loans from the Xinjiang Branch of the Agricultural Development Bank of China. It has a national enterprise technology center and a national water-saving drip irrigation engineering technology research center. It independently developed pressure-compensated Tianye drip irrigation systems, which include drippers, built-in drip irrigation belts, fertilization devices and other products, are very popular among agricultural production enterprises because of their low cost, good performance and affordability for farmers.
“Agricultural Development Bank of China’s RMB 400 million loan supports our production of a new type of sawtooth high-clogging anti-clogging drip irrigation belt. This kind of drip irrigation belt has obvious advantages in terms of tensile strength, anti-aging performance, anti-clogging ability, flow index, and uniformity of dripping water. After using it, cotton fields can increase yield by 30-50 kilograms per mu,” said Song Xiaoling, Party Secretary and Chairman of Tianye Group.
In addition, the Xinjiang Branch of the Agricultural Development Bank of China has also invested 336 million yuan in agricultural science and technology loans this year, and has successively supported the construction of a fine seed breeding base integrating production, processing and sales in Yuli County, Bayingolin Mongolian Autonomous Prefecture, and promoted the breeding of high-quality cotton seeds; supported Changji Relevant enterprises in the Hui Autonomous Prefecture develop and produce new high-efficiency fertilizers such as water-soluble fertilizers and compound fertilizers, and promote the construction of intelligent integrated water and fertilizer upgrade and transformation projects for cultivated land, providing technical support for cotton preparation for spring sowing. At the end of the first quarter, the bank’s agricultural science and technology loan balance was 7.486 billion yuan.
Make adequate preparations to ensure the supply of agricultural materials
Recently, at the agricultural supplies storage warehouse of Xinjiang Renhua Biofertilizer Co., Ltd., workers were loading and unloading urea in an orderly manner. “Every spring, various agricultural inputs enter the peak sales season. In order to ensure the supply of agricultural inputs this year, the Agricultural Development Bank of China issued a loan of 2.4 million yuan at the beginning of the year to support our purchase of fertilizers and other agricultural inputs to meet the needs of cotton farmers in the Aksu region. At present, we There is sufficient supply of agricultural inputs such as organic fertilizers and urea,” said Wang Yihao, general manager of the company.
Since the beginning of this year, the Xinjiang Branch of the Agricultural Development Bank of China has vigorously supported agricultural input companies in strengthening their reserves of agricultural production materials such as seeds, fertilizers, pesticides, and agricultural film. It has issued a total of 527 million yuan in loans for agricultural production materials before spring sowing.
Helping cotton prepare for spring sowing is the first step for the bank to support a bumper cotton harvest in the region. Since 2022, the bank has provided a total of 36.792 billion yuan in cotton purchase loans, supporting enterprises to purchase 3.273 million tons of full-scale purchases, and supporting the cotton purchase market share to remain above 60%.
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