China’s State Administration of Grain in a statement this week confirmed the country plans to end its corn stockpiling program. Pro Farmers First Thing Today reports China will move towards a program that will subsidize corn growers and encourage commercial firms to buy grain from farmers at market prices. This effort is aimed at improving efficiency on farms and bringing domestic prices more in line with international prices, slowing imports. Chinese corn prices are typically 30 percent to 50 percent above the international market. The new policy will take effect at the start of the 2016-2017 marketing year in October. China has already ended stockpiling programs for cotton and soybeans and the government says it will look into reforming its two remaining such programs for wheat and rice.