The implementation of the purchase subsidy policy is highly efficient, and the level of agricultural machinery and equipment is rapidly increasing. The central government's agricultural machinery purchase subsidy funds reached 21.5 billion yuan, an increase of 2 billion yuan over the previous year, and it was fully implemented at the end of November. The effect of the subsidy policy was significant, which drove the demand for agricultural machinery consumption to heat up. The production and sales of agricultural machinery industry were booming, the total amount of agricultural machinery and equipment was accelerated, and the structure was accelerated. In 2012, the national total agricultural machinery power reached 1 billion kilowatts, which is expected to reach 1.02 billion kilowatts, an increase of 4.3%. Large and medium-sized tractors are expected to reach 4.9 million units, up 11.2% year-on-year; the number of weak rice transplanters and corn combine harvesters is expected to reach 507,000 units and 233,000 units, up 18.7% and 36.1% respectively. The trend of large-scale, double-type and matching of key crops and key links is obvious. The total output value of agricultural machinery industry above designated size is expected to exceed 300 billion yuan, maintaining a growth rate of more than 20% for six consecutive years, and continues to be in a leading position in the machinery industry.
