"Reporting to the emperor, the private rent is generally 40%, and some even as high as 50%. If the military farm is developed, the emperor can recruit refugees and just give them a bite of food to cultivate them. When the land is cultivated, the cattle, plowing tools, and seeds can be distributed to refugees by borrowing. In addition, not only the profit of renting, but the capital for plowing oxen can also be recovered one after another." After meeting with Cao Jinyu, he suggested to Zhu Youxiao, "The biggest expense is mainly water conservancy repair. The reason why the north is severely abandoned is due to the long-term disrepair of water conservancy, floods, droughts, and frequent locust plagues."

"If my royal family organized a settlement, how could this rent be appropriate?" Zhu Youxiao asked again.

"40% or 50% are fine. If a household of refugees gives 30 mu of land, the northern wheat yields about 1 shi acre per mu, and there will be 30 shi of wheat in summer. If 50% of them rent, there will be 15 shi for self-use, and you can basically have enough food." Cao Jinyu said, and Zhu Youxiao frowned and asked, "What about clothes? Refugees must also have cotton clothes for winter."

"It will be like this if you have a province." Cao Jinyu said.

"I understand, you go down first!" Zhu Youxiao nodded. Cao Jinyu's suggestion was still worthy, but the exploitation was a bit too strong.

However, the country lacks finance. If we can make money and make farmers live a better life, this is a balance issue and we must think about it carefully.

"I'm asking for my retreat." Cao Jinyu retreated, and soon Sun Chengzong also came. Zhu Youxiao invited Sun Chengzong to sit down and then asked about the military farming.

"If the emperor wants to farm, he must first repair the water conservancy policy, and the financial support is required." Sun Chengzong said.

"Teacher, I already have funds, but it is just a idle private funds collected by banks. If you invest in the settlement, you must make a profit, otherwise the bank will go bankrupt." Zhu Youxiao said, and Sun Chengzong asked quickly: "How much money has this bank recruited now?"

"Nearly five million." Zhu Youxiao said, "and only in the capital, banks will expand to various parts of the capital in the future, and the amount of deposits will be increased by then."

"5 million? In other words, interest costs 500,000 yuan a year?" Sun Chengzong was shocked and never expected that the bank established by the emperor had absorbed such a huge amount of funds.

"Yes! So I have to find a project investment quickly. The farming can provide food for the people, so I want to cultivate in the north." Zhu Youxiao said. Sun Chengzong was not very worried about the hidden dangers of the bank and asked about the way the bank operated.

"Although the bank's interest rate reaches 10%, even if it loses a little, it can still be maintained. At the same time, banks can issue 'silver round coin bonds' in the future, and the coins are profitable. As long as there is no problem with investment, banks are unlikely to go bankrupt. The only thing is that some people are afraid of creating rumors that will lead to bank runs from depositors." Zhu Youxiao said: "There are many projects that can be invested now, and with the royal operation, the interest can definitely be earned."

After hearing the bank's operation, Sun Chengzong thought about it for a while and couldn't help but praise his hands: "The emperor is really the sage emperor, and this bank is definitely a national weapon. With money, the problem of water conservancy disrepair in the north can be solved."

"It's just that I don't know how to start with the matter of farming." Zhu Youchao said to Sun Chengzong.

"The emperor is worried about disorderly affairs. As long as there is money, farming is still very simple." Sun Chengzong said, "What the emperor is concerned about is that the scale between investment returns and the peace of the people is difficult to control."

"Please give me advice from the teacher." Zhu Youxiao asked quickly.

"The core of peace and stability is the focus. In terms of tenancy rent, the emperor sets 50% of the tenancy rent, which is not a big problem. If farmers can survive in general years, the focus is on how to ensure that farmers will not abandon the waste when they are injured or sick. For example, when they are affected by disasters and injured, they can be exempted from tenancy rent. If they really cannot pay back their bank loans, they can also be exempted from farmers' debts so that they can farm with peace of mind." Sun Chengzong said.

"Then how to determine the disaster and the injury?" Zhu Youxiao asked.

"The emperor can implement the Baojia system, with households as units set up household chiefs, ten households as units set up armor chiefs, and ten households as units set up armor chiefs. The Baojia system can not only prevent bandits and disasters, but also the injury and illness can be reported to the Baojia system, and then the Baojia system will report to the management agency. The key is that the person who manages must be honest."

"As for water conservancy, you can recruit people who are good at water conservancy, and then recruit refugees for construction." Sun Chengzong said, "Now there are many refugees in the north, and the conditions are met. In addition, there are many soldiers who are unable to fight in the Beijing camp, so you can also rectify the Beijing camp and conduct military camps, and you can also make a profit."

"Okay." Zhu Youxiao suddenly became enlightened and said to Sun Chengzong: "I would like to ask the teacher to help me preside over the settlement matter. I am not at ease with others."

"I obey the order." Sun Chengzong agreed without any hesitation. Revitalizing agriculture in the north was a matter of national finance. Sun Chengzong was not relieved that the emperor handed over the settlement to other officials to preside over the presidency. Although this settlement will be carried out in the name of the imperial village, it is necessary to bypass the imperial administration in the context of the Donglin Party controlling the government.

Moreover, there is another advantage of the imperial village that the land will not be occupied by the powerful and the military camps will often be taken over by the powerful and the powerful and the military camps.

Zhu Youxiao directly gave Sun Chengzong 3 million taels of start-up capital. Although the bank's money can be used for investment, it still has to be kept for operation.

The monetary policy of the Royal Bank of Ming Dynasty is tentatively set to be 30% of the savings funds, and 70% will be used for investment and lending.

Zhu Youxiao is still considering the issue of collecting tenant rent in the imperial village. He has to calculate the cost and benefits, and also consider the lives of farmers.

If there are guarantee measures, then the problem of charging up to 50% of the tenant rent is not big. As long as you give more land, farmers can still survive. The problem is that once there is a problem in management, the starting point of Anmin will disappear, and the imperial village will still produce a large amount of abandonment.

If a household of refugees gives 30 mu of land, then 30% of the rent will be rented, and 10 stones of grain can be collected in a year. Agricultural tools, oxen, and seeds can be distributed through interest-free loans in the bank, and the costs can be recovered one after another. The main cost is to repair water conservancy. The cost of repairing water conservancy is nothing more than labor cost. There is no need to pay wages in terms of labor cost, just feed ration.

The time for refugees to repair water conservancy is that even if it is one year of repair, the couple's labor force will be enough for 10 stones of food to eat for a year. In fact, it is not necessary to repair water conservancy, and half a year may be enough. Moreover, the land is reclaimed, and labor can be invested in the future to continue repairing and maintenance.

If it is 30% of the tenant rent, the investment cost can be almost recovered in the first year, and the farmers left 20 s of grain and had enough money to repay the loan. There is no great pressure to pay off the loan within three years. In other words, the investment cost within three years can inevitably be recovered, and a part of the profit can be made. After three years, the tenant rent in the imperial village is basically pure profit. At the same time, three years later, the farmers can live a good life. The surplus of 20 s of grain per year will not only allow the whole family to have enough food, but also have no problem in dressing. If you engage in side jobs in breeding, you can also be considered a well-off society in this era.

If it is 50% rent, the farmers will have a greater burden, and the farmers have poor risk resistance and there is a risk of collapse.

After calculating the accounts like this, Zhu Youxiao immediately felt confident and decided to set the tenant rent of the imperial village at 30%.

However, if you want to operate the military farm well, you still need to have water conservancy and agricultural talents. Zhu Youxiao thought about it and it seemed that there was an official named Xu Guangqi in the late Ming Dynasty who was good at this.
Chapter completed!