Economic Daily Jin Guanping: Ensure that the transfer price of land management rights is reasonable.

An article in the Economic Daily stated that improving the mechanism for determining the transfer price of contracted land management rights is not about changing market-determined prices and turning it into government set prices, but rather about better utilizing the role of the government to prevent market failure. It is necessary to resolutely correct the use of administrative measures to forcibly promote land transfer. The decision on whether to transfer contracted land, how to determine the price, and what form to choose, all lies with the farmers. Farmers have the final say, and should not be forced off the land by setting targets and quotas. Any improper practices in some areas, such as including the area of land transfer or the transfer rate in performance assessment or policy rewards, or using the land transfer rate as a planning indicator or project application condition, should be corrected in a timely manner. While improving the price determination mechanism, it is also necessary to establish a risk prevention mechanism. Local governments should continue to investigate and resolve irregularities and risks in the transfer of rural land by social investment entities, and strengthen risk assessment for long-term and large-scale land transfers. For projects with a large area of whole village land management rights transfer, involving many farmers, and with high operating risks, the transfer parties can negotiate to establish a risk protection fund, or the acquiring party can purchase performance guarantee insurance to enhance performance capability.