China Plans 15 billion Dollar Investment Over Five Years To Develop Farmland

China-grainAccording to the Chinese Ministry of Land and Resources, MOLAR, the Chinese government intends to spend more than 15 billion U.S. dollars over the next five years to develop farmland for the nation’s food security.

The plan is to improve about 4 million hectares of land and replenish an additional 670,000 hectares of arable land in its major grain producing regions. These are Hebei, Jilin, Heilongjiang, Jiangsu, Anhui, Jiangxi, Shandong, Hubei provinces and Inner Mongolia and Guangxi autonomous regions.

If all goes well, the grain production capacity will be increased by an extra 10 million tons every year.

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