China's Agricultural Policy Shifts Lead to Increased Grain Production and Income
The article discusses recent changes in China's agricultural support policies, moving from taxing farmers to providing subsidies. The study shows that these changes have led to increased grain production and farm income. It predicts that the tax cuts will continue, leading to even higher support for agriculture. Two future scenarios are simulated: one with increased support leading to higher production and income, and another with stable production but more efficient income transfers.