In March 2022, the National Development and Reform Commission issued the Measures for the Administration of Grain Risk Funds. According to the provisions of this document, the grain risk fund is a financial fund specially set up to ensure national food security, which is funded by the government and established in cooperation with social capital. This method clarifies the management organization, operation mode, investment direction and risk prevention measures of the grain risk fund. Among them, the management organization is the State Grain and Material Reserve Bureau, and its operation mode aims at maintaining and increasing value. The investment direction mainly includes agricultural production, logistics warehousing, processing and sales, and at the same time, risk management and risk prevention measures should be strengthened. In addition, the Measures also stipulate the sources and uses of grain risk funds. The grain risk fund is mainly provided by the government with initial funds and financial support in the operation process, and accepts investment from partners; Uses include ensuring national food security, promoting agricultural modernization and supporting the stability of the grain market. It should be noted that according to the Measures for the Administration of Grain Risk Funds, grain risk funds should be managed in accordance with the principles of "independent accounting, risk classification and earmarking" to ensure the transparency and standardization of the use of funds.
What is the significance of the establishment and operation of grain risk fund for national food security? The establishment and operation of grain risk fund is of great significance for ensuring national food security, promoting agricultural modernization and supporting the stability of grain market. Grain risk fund can not only provide financing support for agricultural production and circulation, but also help farmers avoid risks in the process of production and sales and promote rural economic development.
The Measures for the Administration of Grain Risk Fund is an important regulation to ensure national food security. This method clarifies the management organization, operation mode, investment direction and risk prevention measures of the grain risk fund, and emphasizes the transparency and standardization of its fund use. The establishment and operation of grain risk fund can promote agricultural modernization, ensure national food security and promote rural economic development.
Legal basis:
Measures for the Administration of Grain Risk Funds Article 5 The grain risk funds shall be managed in accordance with the principles of "independent accounting, risk classification and earmarking" to ensure the transparency and standardization of the use of funds.