> BEIJING, June 20 (Reuters) - China will spend almost twice
as much this year on subsidies to encourage farmers in the
northeast to reduce corn plantings as it intensifies its push to
rebalance grain stocks.

> The country will issue 2.56 billion yuan ($374.95 million)
in funds to pay farmers subsidies to rotate their corn plantings
with other crops every other year as well as to leave some land
fallow, the Ministry of Finance said on Tuesday.

> The funds are 78 percent higher than last year, and the
acreage targeted by the subsidies is double last year's area at
around 800,000 hectares.