Key investment points
The No. 1 central document focused on agriculture, rural areas and farmers. The release date was concentrated in the early January to late February. Earlier, the central rural work conference stressed that "we should make every effort to do a good job in grain production and important Shenzhen Agricultural Products Group Co.Ltd(000061) supply, stabilize grain area, vigorously expand soybean and oil production, and ensure that grain output will be stable at more than 1.3 trillion kg in 2022. We should strengthen the mayor responsibility system of" vegetable basket ", stabilize pig production, and ensure the effective supply of livestock, poultry, aquatic products and vegetables". No. 1 central document is expected to continue to emphasize the key work of the central rural work conference. 2022 is the second year of 14th Five-Year planning. The No. 1 central document is a programmatic document for 2022 agriculture, and is an important step to realize 14th Five-Year's planning. We believe that food security remains one of the top priorities of the government's work, and livestock and poultry breeding focuses on stability to prevent ups and downs; The leading enterprises of agricultural industrialization will get more policy care.
This paper focuses on combing the key words mentioned in the No. 1 document of staple grain, soybean and other oil, seed industry, pigs and soft commodities (sugar, cotton and rubber) over the years, as well as some important policies related to the industry with frequent policies in the past year. We believe that based on coherence and consistency of policy keynote, we can find some "shadow" of the No. 1 central document in 2022.
Risk warning: No. 1 central document is mainly affected by extreme weather, which affects crop planting and growth, fluctuating raw material prices, agricultural policy landing, and data updating. This report mainly combs and analyzes the historical contents of Central Document No. 1 for investors' reference, and does not constitute a prediction of the contents and time of release of No. 1 central document.
