Chinese Government Discusses Grain Planting Income Insurance for Next Year's Crops The Chinese government is continuing discussions regarding the replacement of the country's grain supportive procurement policy. A pilot project of grain planting income insurance has been proposed, and implementation may begin next year. While the details are to be further released, it is obvious that the government is set on protecting the nation's grain supply and food security by its effort to replace the grain supportive procurement policy, which is blamed for having distorted the relationship between domestic and international prices.Despite the drought in the south and severe floods in the north during this past summer, China's Vice Premier Wang Y...