On December 26, the General Office of the People's Bank of China, the General Office of the Ministry of Agriculture and Rural Affairs, and the General Office of the National Financial Regulatory Administration jointly issued the "Notice on Promoting Mortgage Financing for Agricultural Facilities and Livestock." The notice emphasizes the need to attach great importance to mortgage financing for agricultural facilities and livestock, focusing on agricultural facilities with high investment value and strong demonstration effects, as well as livestock with clear ownership rights, to carry out mortgage financing. It calls for gradually establishing standardized management systems and improving risk prevention and resolution mechanisms. Financial institutions are encouraged to innovate financial products and service methods, explore the "agricultural insurance + financing" model, make good use of credit market service platforms, and strengthen information sharing and financing connection services. The use of the People's Bank of China Credit Reference Center's unified registration and publicity system for movable property financing is encouraged for standardized registration and inquiry. Support is provided for regions with the necessary conditions to build digital management platforms for agricultural facilities and livestock mortgages, assigning exclusive "QR codes" to mortgaged assets. The notice also advocates establishing sound credit risk sharing and monitoring mechanisms, exploring innovative guarantee service pathways, expanding insurance coverage, and supporting the use of intelligent means such as IoT platforms to strengthen the management of pledged assets.
The notice proposes that significant attention be paid to mortgage financing for agricultural facilities and livestock, concentrating on agricultural facilities with high investment value and strong demonstration effects, as well as livestock with clear ownership rights, to carry out mortgage financing. Standardized systems for confirming rights and registering agricultural facilities and livestock should be established, including procedures for declaration, investigation, verification, and publicity, while promoting the application of digital technologies like electronic ear tags and biometric identification. Scientific assessment of the value of agricultural facilities and livestock is essential, and regions with the necessary conditions are encouraged to establish supporting management systems for appraisal institutions and personnel.
The notice emphasizes improving the mortgage registration model for agricultural facilities and livestock, establishing lists of抵押物 based on local conditions, and encouraging standardized registration and inquiry through the People's Bank of China Credit Reference Center's unified registration and publicity system for movable property financing. Support is provided for regions with the necessary conditions to build digital management platforms for agricultural facilities and livestock mortgages, assigning exclusive "QR codes" to mortgaged assets. Financial institutions are encouraged to innovate financial products and service methods, explore the "agricultural insurance + financing" model, make good use of credit market service platforms, and strengthen information sharing and financing connection services. Establishing sound credit risk sharing and monitoring mechanisms, exploring innovative guarantee service pathways, expanding insurance coverage, and supporting the use of intelligent means such as IoT platforms to strengthen the management of pledged assets are also highlighted.
The notice requires continuous improvement of抵押物disposal mechanisms, exploring the construction of multi-level networked rural property rights trading platforms, improving the circulation and trading of rural property rights, standardizing the acquisition and disposal of non-performing assets using agricultural facilities as抵押物, and broadening disposal and变现channels. Strengthening policy incentives and financing support services, comprehensively utilizing monetary and credit policies to激励引导financial institutions to expand the issuance of agricultural facility and livestock mortgage loans, and deepening the pilot program for interest subsidies on modern facility agriculture construction loans are emphasized. Units are urged to actively promote agricultural facility and livestock mortgage financing policies to create a favorable public opinion environment. Moving forward, the People's Bank of China will strengthen coordination with the Ministry of Agriculture and Rural Affairs and the National Financial Regulatory Administration, promptly summarize typical experiences and practices from various regions and financial institutions, and continuously improve support and safeguard systems to ensure the active, steady, and orderly advancement of agricultural facility and livestock mortgage financing.
The notice calls for fully recognizing the significant importance of agricultural facility and livestock mortgage financing. Agricultural facilities and livestock are important assets for agricultural operators with substantial value development potential. Promoting mortgage financing for these assets helps revitalize rural property resources, broadens the range of农村融资抵押物, and is highly significant for improving the accessibility and convenience of financing for agricultural operators and promoting agricultural and rural modernization. The focus of business promotion should be highlighted. Various regions should center on the six major projects for modern facility construction proposed in the "National Modern Facility Agriculture Construction Plan (2023-2030)", focusing on agricultural facilities with high investment value and strong demonstration effects, as well as livestock with clear ownership rights. Priority should be given to areas around large and medium-sized cities, facility agriculture clusters, and major livestock breeding counties, guiding new agricultural operators with strong operational capabilities and medium-to-large agricultural enterprises to carry out agricultural facility and livestock mortgage financing. This involves gradually establishing standardized management systems, improving financing products and services,健全风险防范化解机制, and guiding and leveraging financial resources and social capital to increase investment, aiding comprehensive rural revitalization.
Standardizing the confirmation of rights and registration for agricultural facilities and livestock is essential. Improving the agricultural facility rights confirmation and registration system involves local agricultural and rural departments, in conjunction with relevant departments, formulating management measures for agricultural facility rights confirmation and registration that suit local conditions, clarifying the management agencies for rights confirmation and registration, and establishing完善申报、调查、核实、公示等工作流程. Agricultural facilities with clear ownership rights, projects that comply with planning and land use management requirements, and facilities of a certain scale and high value should undergo ownership registration and filing according to law, with property rights certificates issued. Promoting differentiated methods for livestock rights confirmation involves local agricultural and rural departments actively promoting the application of digital technologies like electronic ear tags and biometric identification. Based on the different biological characteristics of livestock,探索赋予livestock electronic dynamic files, digital identity identifiers, and other differentiated rights confirmation methods to achieve precision and traceability in the rights confirmation process. Enhancing the level of rights confirmation and registration services involves encouraging regions with the necessary conditions to set up review windows for rights confirmation and certification issuance, improving the service level for agricultural facility and livestock rights confirmation and registration. Giving full play to the important role of rural grassroots organizations in tasks like registration declaration and rights confirmation and certification issuance, and mobilizing the participation enthusiasm of the broad masses of farmers is also important.
Scientifically assessing the value of agricultural facilities and livestock is crucial.探索构建a value assessment system involves financial institutions drawing on the experience of valuing assets like commercial real estate, land assets, and industrial plants, or relying on third-party professional institutions. Based on multi-dimensional information such as purchase and sales contracts, transaction invoices, tax certificates, agricultural subsidies, and historical average transaction prices, exploring big data modeling analysis, and comprehensively adopting methods like the market approach, cost approach, or income approach to build a standardized value assessment system that符合the production and use characteristics of agricultural facilities and livestock. Establishing supporting management systems for value assessment involves encouraging regions with the necessary conditions to explore establishing supporting management systems for the qualifications of appraisal institutions and personnel targeting agricultural facilities and livestock. Local agricultural and rural departments should provide necessary information data and industrial policy support, strengthen cooperation with various industry associations, professional societies, and third-party service institutions, and provide effective support for the reasonable valuation of agricultural facilities and livestock.
Improving the mortgage registration model for agricultural facilities and livestock is necessary. Establishing a抵押物list catalog involves local agricultural and rural departments organizing the formulation of recommended lists of抵押物for agricultural facilities and livestock, clarifying based on local conditions the types of facilities, types of biological assets, construction scale, production standards, market value range, etc., that can be used for financing抵押in the region. Financial institutions, based on their own business development situation and risk control capabilities, should include eligible agricultural facilities and livestock from the list into their抵押物catalogs. Implementing抵押registration publicity and pre-loan review requirements involves borrowers applying for loans from financial institutions being responsible for the authenticity, completeness, and legality of the provided information content. When financial institutions conduct agricultural facility and livestock mortgage loan business, they must conduct in-depth and meticulous pre-loan due diligence, encourage standardized registration and inquiry through the People's Bank of China Credit Reference Center's unified registration and publicity system for movable property financing, accurately publicize抵押information, ensure that the collateral can be checked, and prevent duplicate mortgages. Support is provided for regions with the necessary conditions to issue他项权证, with抵押credentials used only for matters related to financing and not as a basis for other purposes. Innovating asset mortgage models involves encouraging regions with the necessary conditions to build digital management platforms for agricultural facilities and livestock mortgages, assigning exclusive "QR codes" to mortgaged assets, gradually achieving "one shed, one code" management for agricultural facilities and "batch code assignment" management for livestock assets, exploring connections with digital integration platforms in the field of rural revitalization, and establishing multi-party linkage mechanisms involving industry guidance, financial services, and asset transactions to ensure that mortgaged assets have clear ownership and are safe and effective.
Innovating financial products and service methods is encouraged. Innovating financial products involves encouraging financial institutions to create agricultural facility and livestock mortgage financing credit products based on local conditions. Exploring supply chain finance models, revolving around leading enterprises in facility agriculture, to provide accounts receivable pledge loans, order financing, and other services for upstream and downstream small and medium-sized farmers and cooperatives. Giving play to the linking role of agricultural insurance products and services, encouraging financial institutions to effectively utilize the comprehensive situation of agricultural insurance in credit evaluation and risk management models, and exploring the "agricultural insurance + financing" model. Enhancing the quality and efficiency of financial services involves encouraging financial institutions to issue medium- and long-term loans based on agricultural facility and livestock mortgages. Financial institutions can, based on actual needs,介入early in the preliminary work of facility agriculture projects, design and improve investment and financing plans and担保structures, optimize principal and interest repayment methods, and ensure that the remaining value of the抵押物matches the loan balance throughout the entire loan cycle. Making good use of platforms like the credit market service platform, the agricultural operator credit express, and the agricultural and rural infrastructure financing project database to strengthen information sharing and financing connection services. Expanding diversified financing channels involves encouraging eligible financial institutions to issue special "agriculture, rural areas, and farmers" financial bonds. Supporting financial leasing companies to use qualified modern agricultural facilities and livestock (productive biological assets) as eligible lease items, and actively exploring innovative models like bank-lease linkage.
Establishing sound credit risk sharing and monitoring mechanisms is essential. Enhancing risk保障capabilities involves effectively leveraging the role of the national agricultural credit担保system, exploring innovative担保service pathways, and promoting service models like "担保+产业链" and "担保+数字化". Improving insurance policies for facility agriculture and livestock, innovating insurance products, expanding insurance coverage, and reducing the production risks of operators. Encouraging insurance companies to scientifically and reasonably determine insurance rates for pledged agricultural facilities and live livestock. Strengthening post-loan monitoring and management involves financial institutions tracking and monitoring the production and operation of borrowers, changes in the value of collateral, etc., and taking effective measures to prevent和控制credit risks. If during the loan period situations such as the transfer, sale, damage, or depreciation of agricultural facilities and livestock are discovered, borrowers may be required to provide additional担保or take relevant preservation measures. Strengthening the management of pledged assets involves local agricultural and rural departments actively assisting financial institutions in closely monitoring the quality of pledged agricultural facilities and livestock assets, and urging breeding entities to submit plans for the release of mortgaged live livestock to financial institutions for filing in advance. Supporting the application of modern information technology, using intelligent means such as IoT platforms, electronic fences, biometric identification, and blockchain to enhance the precise control and management capabilities of pledged assets.
Continuously improving抵押物disposal mechanisms is necessary. Improving the circulation and trading of rural property rights involves actively exploring the construction of provincial, municipal, county, and township multi-level networked rural property rights trading platforms to enhance the liquidity of rural assets within regions. Encouraging priority given to auction disposal through local rural property rights trading institutions. Exploring "pre-transaction" models for agricultural facilities and livestock involves encouraging rural property rights trading institutions to sign transfer or transaction agreements with breeders and financial institutions. If a loan default occurs, the rural property rights trading institution can auction the mortgaged assets, with the generated收益优先used to repay the loan principal and interest. Broadening disposal and变现channels involves encouraging financial asset management companies, local asset management companies, etc., to standardize the acquisition and disposal of non-performing assets using agricultural facilities as抵押物. Supporting capable agricultural investment, agricultural reclamation, and other enterprises to carry out businesses like the collection and storage of agricultural facility抵押assets and entrusted leasing through market-oriented means, promoting capable rural collective economic organizations to establish bottom-line repurchase mechanisms for agricultural facility and livestock抵押assets, and accelerating the circulation, trading, disposal, and变现of agricultural facilities. Encouraging regions with the necessary conditions to strengthen cooperation with financial institutions, establish databases围绕verified collateral information, assessed value, mortgage status, and other要素信息, and provide comprehensive services such as information inquiry, supply and demand对接, and transaction matching.
Strengthening policy incentives and financing support services is important. Strengthening support from monetary and credit policy tools involves comprehensively utilizing monetary and credit policies to激励引导financial institutions to expand the issuance of agricultural facility and livestock mortgage loans. Differentiated credit policy support will be given to financial institutions that demonstrate large issuance volumes, good operational results, and strong sustainability. Strengthening capital incentive support involves deepening the pilot program for interest subsidies on modern facility agriculture construction loans. Encouraging regions with the necessary conditions to establish loan risk compensation funds to compensate for defaulted agricultural facility and livestock mortgage loans according to agreed sharing ratios. Regions that achieve good results in promoting agricultural facility and livestock mortgage loans will be given priority consideration and support in the arrangement of relevant fund projects.
Strengthening organization, implementation, and promotion is crucial. Improving support and safeguard systems involves local People's Bank of China branches, agricultural and rural departments, and financial regulatory departments strengthening coordination, promotion, and supervision management, conducting regular scheduling services, promptly discovering and resolving blockage points and stuck points, continuously improving support and safeguard systems, and ensuring the active, steady, and orderly advancement of agricultural facility and livestock mortgage financing. Strengthening publicity and demonstration involves units actively promoting agricultural facility and livestock mortgage financing policies through media such as television, radio, and the internet to create a favorable public opinion environment and work atmosphere. Timely summarization of advanced experiences and practices from various regions and financial institutions, with relevant departments selecting typical model cases for publicity and promotion annually.