以江苏种业发展为例，研究分析了种业发展和科技创新的现状以及存在的主要问题，提出了着力加强种业创新知识产权保护、加大研发经费投入、加快协同创新体系构建、加强核心团队打造、强化研发平台建设、加大特色资源挖掘、加快重大品种培育、加强技术成果转化等8个方面的对策建议。

Sea bass fishes belong to the family of Serranidae that have an elongated large head & mouth, body shape, tight scales, and a broad, fork-less tail. Widely consumed sea bass include European sea bass and Asia sea bass also known as Barramundi. European sea bass are native to the waters of Europe's southern, western, and Africa's northern coasts, whereas Barramundi is widely distributed in the Indo-West Pacific region from South Asia to Papua New Guinea and Northern Australia. Sea bass is widely consumed in China, Japan, ASEAN, France, UK, U.S. and other European countries

Textured vegetable protein is a type of protein ingredient specifically derived from the sources such as soyabean, pea, and wheat. It has substantial protein content and fiber with a very low fat. The global textured vegetable protein market is analyzed on the basis of its prospects and future growth rate. The report highlights numerous factors that influence the growth of the market. These include market forecast, drivers, restraints, opportunities, and roles of different key players operating in the market.

中国城乡二元就业与社会保障制度和城乡二元资源配置体制的改革滞后于城乡市场主体的形成，一是导致了农业劳动力非农转移的特殊路径；二是导致了社会资源不断地从农村流入城市非农产业。在上述两方面因素的影响下，农业就业结构的转换滞后于产值结构的转换，进而影响了中国二元经济转型进程，使得中国二元经济转型进程滞后于工业化发展。从二元对比系数来看，中国二元结构强度不仅高于发达国家平均水平，也高于与中国发展程度大致相同的发展中国家水平。

12 月11 日美国农业部发布12 月全球农产品供需预测报告，较11 月预测报告，主要调整包括：下调全球大豆、水稻的产量，调高小麦、玉米产量及期初期末库存，大豆期末库存下调幅度较大，驱动上述调整的主要原因包括：（1）欧盟地区玉米的产量有较11 月有所上调；（2）中国大豆产量调减导致全球预计产量环比降低，期初期末库存环比下降；（3）澳大利亚地区小麦处于收获季，产量预计将再创新高，全球产量与期初期末同步调增；（4）水稻产量较11 月预测值环比下调，期初期末库存亦有所下降。

2021 年11 月，根据国家发改委数据，全国生猪销售均价17.88 元/公斤，环比增长24.84%。截至11 月末，生猪销售均价18.67 元/公斤，猪料销售均价3.30 元/公斤，猪料比价5.66，猪料比价平衡点4.89，对应行业单位养殖成本（全成本，均重取值110kg/头）16.27 元/公斤，头均盈利265 元/头。

Proper infant nutrition is fundamental to a child’s continued health from birth to late adulthood. During the first three years of an infant's life, proper feeding plays an instrumental role in lowering morbidity and mortality and preventing chronic diseases throughout the life span. A balanced diet also promotes the cognitive and physical development of an infant. According to the United Nations Convention on the Rights of the Child, every infant has the right to good nutrition. However, only one-fourth of infants have access to the requisite dietary diversity and feeding frequency in most countries. Improper feeding practices account for almost a third of all cases of malnutrition worldwide.

当前我们建议关注农药行业的三条投资主线：一是种植周期下农药 景气度继续走高，农药行业迎来价量双升的业绩修复机遇，具备中短期的配置 机遇；二是转基因获批后国内草甘膦等除草剂迎来国内市场机遇，市占率领先 的公司受益更大；三是刚需市场下农药新老品种迭代替换，如草铵膦的成长性 机遇，关注具备技术积淀+产能储备的公司。

1）中长期，猪价底部已现，预计明年Q2有望反转。当前养猪亏损严重且多数已持续4个月以上，真实产能出清幅度或超预期（农业农村部数据来看，推算 自5月高点以来持续5个月下降，累计下降幅度超5%；涌益数据显示其样本能繁母猪存栏从6月至10月底已出现连续的环比下降，累计去化程度已达到 11.10%；天风农业100+份调查问卷，其结果显示70%以上的养殖户/场反馈能繁母猪较今年年初存栏高点去化在10%以上），即使考虑到淘三元留二元的 情况，预计整体行业产能仍然以去化为主。此外，冬季为非瘟疫情高发期，养殖全面亏损下，饲料营养、动保防疫、猪场管理均有所下降，在目前猪群存栏 密度仍然相对较高的情况下，冬季疫病发生风险敞口较大，若发生，则有望加速产能去化，届时猪周期反转有望提前到来。 2）短期，多空因素博弈。季节性消费旺季提振需求，但冻肉库存预估仍较大，且10月以来猪价反弹部分压栏猪占比边际提升出栏均重、大猪仍在消化中， 若短期反弹过高，有可能延缓产能去化节奏，需重点关注短期猪价反弹高度及养殖户产能情绪。标的关注上，重点是【温氏股份】（成长弹性高，资金储备 充足）、【牧原股份】（具有成本优势，成长稳健），其次【新希望】、【天康生物】、【傲农生物】、【正邦科技】、【天邦股份】、【唐人神】、【中 粮家佳康】等。