农林牧渔行业：中央一号文件发布，首提农业新质生产力

Investment Rating - Industry rating: "Overweight" (maintained) [1] Core Viewpoints - The report emphasizes the importance of developing new agricultural productivity, highlighting the role of technological innovation in enhancing agricultural efficiency and sustainability [6][7] - The central government's recent policy document outlines measures to ensure food security and improve agricultural productivity, focusing on both yield and quality [7][8] - The report identifies three key investment areas: 1) Biological breeding, with a focus on leading companies capable of developing high-quality varieties [7] 2) Agricultural new productivity, emphasizing technological upgrades in agriculture [7] 3) Land transfer mechanisms, which are expected to benefit regional leaders managing land resources [7] Summary by Sections Recent Industry Performance - The industry has shown relative returns of -2.36% over the past month, -5.79% over three months, and -18.46% over twelve months compared to the CSI 300 index [2] Related Research Reports - The report references several previous analyses on the agricultural sector, including performance forecasts for companies in the pet food industry and trends in livestock prices [3] Policy Developments - The central government's document emphasizes enhancing grain supply capabilities and promoting rural revitalization through various measures [5][6]