Make Full Use of Two Kinds of Resources and
Two Markets to Protect Our Food Security and
Raise Farmers’ Income ----Taking soybeans as an example

LI Xin, XU Dianqing

China Center for Economic Research, Peking University
University of Western Ontario, Huron College

Abstract:
The import of China has impacted on the international soybean price. China’s basic situation determines that improving the profit of unit land is more import than the profit of unit labor. The higher degree of self-sufficiency rate of major agricultural products, the higher the cost will impede the rational use of domestic resources. In this paper, we discuss that through making full use of two kinds of resources effectively, expanding the domestic and international markets, adjusting the agricultural production structure in order to guarantee the safety grain supply and improve the overall efficiency of domestic economy while increasing the farmers’ income level.

Keywords: Soybean; Labor-intensive product; Land-intensive product; Resource Allocation; Cost and Revenue; International Trade;