In August 2007, the COA put forward a plan of establishing a farmland bank. The bank was designed to promote the circulation of farmland, enlarge the farming scale, encourage the aged farmers to retire and lease out their farmlands, attract the young to engage in agriculture, assist the farmers’ and fishermen’s associations to address the issue of non-performing loans, and to best use the idle farmland. This service-oriented bank will work closely with the farmers’ and fishermen’s associations to better serve the current and future farmers and fishermen.

After the bank’s inauguration, 272 farmers’ and fishermen’s associations, or 80% of the total, applied for establishing farmland bank service centers in their associations. Also 540 association staffers obtained their licenses as had real estate agents after receiving intensive training. By the end of 2007, the bank’s website posted 7,000-plus entries of sales, leases and court auctions of farmland. There were 519 cases of successful transaction, involving 151 hectares of farmland and 41 mortgage loans at NT$85.690 million.