According to the Law of People's Republic of China (PRC) on State-owned Assets, state-owned assets refer to assets owned by the state and representing state ownership. Agricultural companies established and managed by the government are state-owned enterprises and can be classified as state-owned enterprises.
Single-farmer company is the abbreviation of Agricultural Credit Guarantee Co., Ltd., whose role is to implement the national and provincial policies of strengthening agriculture and benefiting farmers, and to provide credit guarantee services for new agricultural business entities, especially farmers engaged in moderate-scale grain operation.