Next Article in Journal
The Challenges of Implementing Sustainable Development: The Case of Sofia’s Master Plan
Next Article in Special Issue
Wine Tourism and Sustainability: A Review
Previous Article in Journal
Concepts and Strategies of Organic Plant Breeding in Light of Novel Breeding Techniques
Previous Article in Special Issue
Impacts of Socially Responsible Corporate Activities on Korean Consumers’ Corporate Evaluations in the Agrifood Industry
Article Menu
Issue 1 (January) cover image

Export Article

Open AccessArticle
Sustainability 2017, 9(1), 19; doi:10.3390/su9010019

Exploring a Novel Agricultural Subsidy Model with Sustainable Development: A Chinese Agribusiness in Liaoning Province

1
School of Business, Dalian University of Technology, Panjin 124221, China
2
Department of Business Administration, Lunghwa University of Science and Technology, Taoyuan 33306, Taiwan
*
Author to whom correspondence should be addressed.
Academic Editors: Alessio Cavicchi and Cristina Santini
Received: 1 September 2016 / Revised: 9 December 2016 / Accepted: 20 December 2016 / Published: 23 December 2016
View Full-Text   |   Download PDF [4986 KB, uploaded 23 December 2016]   |  

Abstract

To improve the incomes of farmers in China, the Chinese government is paying increased attention to the reform of its agricultural subsidy policy. However, the effectiveness of the subsidy remains insufficient and thus fails to encourage farmers to cultivate their land and develop sustainability. Thus, there is a need for a novel model that will improve the effectiveness and efficiency of subsidies. The proposed novel agricultural subsidy model comprises four major actors: farmers, specialized farmers’ cooperatives, agribusiness and government. Furthermore, the subsidy in this novel model would no longer go directly to farmers but to the agribusiness. To develop the model, the empirical data for this study are obtained from a Chinese agribusiness in Liaoning Province that was selected as a benchmark. With this novel model, farmers receive triple rebates: the price received when the rice is initially sold; a share of the profits of the specialized farmers’ cooperatives; and a share of the profits of the agribusiness. Accordingly, exploring the optimal subsidy rate for agribusinesses is the critical task of this study, and the results demonstrate that agribusinesses must use the government subsidy policy as the basis for a dynamic subsidy model that ensures the income of farmers and encourages sustainable development. View Full-Text
Keywords: novel agricultural subsidy model; sustainable development; Chinese agribusiness; Liaoning novel agricultural subsidy model; sustainable development; Chinese agribusiness; Liaoning
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Cui, L.; Wu, K.-J.; Tseng, M.-L. Exploring a Novel Agricultural Subsidy Model with Sustainable Development: A Chinese Agribusiness in Liaoning Province. Sustainability 2017, 9, 19.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top