Test 2
Created on Today
On July 12, the opening market price of fresh jasmine flowers in Hengzhou, known as the 'Hometown of Chinese Jasmine,' once broke through 50 yuan per jin, hitting a record high. However, the day before the flood disaster, the purchase price of fresh jasmine flowers in Hengzhou had dropped to as low as 3 yuan per jin. Logically, this should have been the time for flower farmers to rush harvesting.
A paradoxical scene unfolded simultaneously in the fields: while jasmine prices were rising, large-scale growers were retreating. The land Lin Bin rented is located in Shangrenshui Village, Xiaoyi Town, and his 60 mu of jasmine fields were unaffected by the flood. He posted sublease information everywhere, offering to transfer the lease under the original contract terms, with two and a half years remaining, and the old jasmine roots given free of charge to the new tenant. Li Fudong, a grower with a large-scale base of over 800 mu, plans to eliminate low-yield plots and reduce his planting scale to 500-600 mu.
On one hand, the market is frenzied, with unit prices hitting temporary highs; on the other hand, operators holding intact flower fields are eager to exit and reduce capacity. Even more puzzling is that Lin Bin, the sublessor, rented the 60 mu plot at the end of 2024 and, in the nearly two years since, has never picked a single jin of fresh flowers for sale, letting the buds naturally bloom and wither on the branches.
The answer lies in the crazy 'wealth-making myth' of 2024. That year, jasmine flowers sold for a maximum of 41 yuan per jin, setting a historical record at the time, with average income per mu exceeding 37,500 yuan. The high prices ignited a nationwide craze for expanding planting. Capital, local farmers, and outside operators flocked to rent land at high prices and snapped up flower seedlings. Then came the cliff-like price drop in 2025, followed by the 'prices but no flowers' situation after the 2026 flood. A industry shakeout triggered by frenzied overplanting is now unfolding in Hengzhou, the 'World Jasmine Capital.'
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