The first national pilot project for land restoration and new farmland conversion trading has been implemented.

On November 5th, the first land consolidation index trading for the treatment of collapse erosion was signed in Nanchang, Jiangxi Province, marking a new path for the treatment of collapse erosion in southern China. Collapse erosion is common in hilly areas in the south, referring to the phenomenon of soil separation, collapse, and accumulation on slopes under the action of gravity and water. The treatment of collapse erosion has always been a difficult point in the control of soil erosion in southern China. In March of this year, Shangyou County, Ganzhou, Jiangxi Province launched a comprehensive project to treat collapse erosion and add arable land, transforming 14 collapses with existing risks of soil erosion into fertile land through measures such as comprehensive slope treatment and soil improvement. In this transaction, the people's government of Shangyou County and the people's government of Nankang District signed a contract to complete the trading of 21.56 mu of land consolidation index for collapse erosion treatment, with an amount of 3.4496 million yuan. The funds obtained will mainly be used for local soil and water conservation.