BEIJING, Dec 17 (Reuters) - China's Ministry of Agriculture
will start reforming collective assets in rural areas next year
and set up farmers' cooperatives under a pilot programe, the
online edition of the China Securities Journal reported on
The ministry will verify and assess collective assets in the
countryside and form the farmers' cooperatives in 50 cities and
some provinces, the journal quoted the ministry as saying.
The number of counties under the pilot programme will
increase to 300 in 2018, it said, without giving a comparative
The ministry aims to complete the reforms by the end of
Collective assets in rural areas are estimated to be 6.69
billion mu (446 million hectares or 1.2 billion acres) of
farmland with assets of nearly three trillion yuan ($454
billion), the journal said.
It gave no further details.
($1 = 6.6075 yuan renminbi)
(Reporting by Hallie Gu and Benjamin Kang Lim; Editing by
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