Recently, Hainan Nongfeng Nanfan Technology lacks funds to advance ground rent and urgently needs financial support. In order to support the development of the southern breeding industry and give full play to the role of a financial tool to strengthen agriculture and benefit farmers, the Ledong Rural Credit Cooperatives issued the first "southern breeding industry loan" of 1.5 million yuan for the company, marking the real landing of the "southern breeding seed industry loan".
As China's experimental field and breeding ground for improved varieties, Hainan has gathered strength from generation to generation to focus on tackling new crop varieties, and successfully built a "Nanfan Silicon Valley" integrating scientific research, production, sales and achievement transformation. In this hot land in the south, there is such a group of deep business entities - with the typical tropical climate resources of Sanya, Ledong and Lingshui and the superior ecological conditions that can meet the annual growth and reproduction of crops, they come here from September to October every year to May and June of the following year to carry out new crop breeding, seed identification and production and promotion activities, and return to their hometown for seed production in the rest of the time by taking advantage of the difference in the climate between the north and the south. This migratory bird migration operation method makes it difficult to obtain financing in Hainan because family assets and personal household registration are in their hometowns.
In order to actively support the development of the South Breeding Seed Industry, Ledong Associated Press has actively acted as a pilot project to join hands with the Hainan Provincial South Breeding Administration and the Provincial Agricultural Credit Guarantee Company to innovate and develop the "South Breeding Seed Industry Loan" for this type of business entity, and establish a seed industry risk control model of "regulatory information + order + discount policy", which is guaranteed by the Provincial Agricultural Credit Guarantee Company's innovative "seed production" products, and the South Breeding Administration provides seed industry technology and information support, unifies the risk control standards of the silver burden, and jointly weakens the requirements for conventional collateral. The loan amount can be up to 2 million yuan, the loan term is up to one year, and the interest rate is not more than 55%, which greatly alleviates the financing problems of seed production entities and injects strong financial impetus into the construction of "Southern Silicon Valley". (Reporter Wang Xiaowu, correspondent Zhang Yong, **Editor Zou Yu).