Subscribe free to our newsletters via your
. Farming News .

China farmers build wall of cash with $2.2 mn payout: report
by Staff Writers
Beijing (AFP) Jan 15, 2014

Farmers in one of the poorest counties in a Chinese province built a wall of cash from more than $2 million paid out in year-end bonuses, a report said Wednesday.

The farmers, members of a co-operative in Liangshan county in the southwestern province of Sichuan, stacked bundles of 100-yuan banknotes into a wall two metres (seven feet) long and half a metre high before handing out the dividends, the semi-official China News Service reported.

The co-operative -- which runs vegetable fields, fruit farms and an investment arm -- paid out more than 13.1 million yuan ($2.2 million) to about 340 families, said the agency.

The cash was brought to the farmers in Jianshe by militiamen in camouflage uniform and stored in the village office under the close watch of seven guards, with three people sleeping on top of it at night.

"We used eight million yuan as a mattress and 4.2 million yuan for pillows," said Jin Hongzhong, one of the guards, adding they were so nervous that they stayed awake all night.

"It was not comfortable sleeping on top of so much money," he said. "It was too hard."

Residents of the village contribute to the co-operative in land, cash or other means, and their payouts are proportionate to their input.

It was not immediately clear whether the dividend was unusually high for the organisation but official figures show that China's rural residents' average net income stood at 7,917 yuan in 2012.

The highest shares in Jianshe were around 300,000 yuan, about 38 times as much, the report said.

One of them went to the family of Jin Ou, who was quoted as saying: "I've been counting for so long and my hands are sore, but still I'm not sure whether the number of notes is correct."


Related Links
Farming Today - Suppliers and Technology

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Geography has impact on grapevine moth's success in French vineyards
Heidelberg, Germany (SPX) Jan 13, 2014
'Location, location, location' is an adage also true for the European grapevine moth, it seems. Research led by Fanny Vogelweith of the Universite de Bourgogne and INRA Bordeaux-Aquitaine in France has shown that these pests are better adapted and more successful in certain French wine-growing regions than in others, because of the variety of grape on which they occur and the abundance of their ... read more

Charles River Analytics Develops Satellite Image Processing System for NASA

Earth may be heaver than thought due to invisible belt of dark matter

More BARREL Balloons Take to the Skies

China's HD observation satellite opens its eyes

GPS Traffic Maps for Leatherback Turtles Show Hotspots to Prevent Accidental Fishing Deaths

China to upgrade homegrown GPS to improve accuracy

Beidou to cover world by 2020 with 30 satellites

Obama bans construction of GLONASS stations in US without Pentagon's approval

Microbe community changes may reduce Amazon's ability to lock up carbon dioxide

Iconic Australasian trees found as fossils in South America

Long-term overstory and understory change following logging and fire exclusion in a Sierra Nevada mixed-conifer forest

Brazil moves to evict invaders from Amazon's Awa lands

NREL Finds a New Cellulose Digestion Mechanism by a Fast-eating Enzyme

More to biofuel production than yield

Inexpensive technique could drive down costs of biofuel production

York scientists' significant step forward in biofuels quest

Quantum mechanics explains efficiency of photosynthesis

Ascent Solar To Build CIGS Production Plant In Jiangsu

GS Hong Kong Solar Opens CIGS Plant In China

ConnecTables Solar Charging Stations Offer Sustainable Charging Solution

German wind farm operator Prokon warns of imminent insolvency

China to Power Ahead as Wind Turbine Rotor Blade Market Leader for Foreseeable Future

Wind Turbines Begin Providing Renewable Energy at Honda Transmission Plant in Ohio

Researchers Find Ways To Minimize Power Grid Disruptions From Wind Power

Goldman Sachs pulls out from Pacific coal export project

Colombia stops Drummond coal shipments over environmental row

China coal mine accidents kill 1,049 in 2013: govt

Australia gives environmental nod to $5.7 bln coal project

China mother left homeless by 17-yr hunt for kidnapped son

China's Xi vows to root out 'dirty' corruption: Xinhua

China Nobel winner's wife in rare video appearance

China jails doctor found guilty of stealing babies

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement