Community type” where a group of farmer households pool their rights and undertake unified planning, production, operation and management of the land. Collective leasing type" where farmers entrust the operation rights to a collective cooperative which then may re-organise the land before issuing it for public lease. Joint operating type" where farmers transfer shares to a rural land joint-stock company, which is often a larger agricultural enterprise with modern technologies and skills. Farmers retain a share of the profits derived from the land. The first such trust was CITIC Trust Co., Ltd which was established in 2013 in Yongqiao district, Suzhou, Anhui province. As part of this arrangement, in return for their operation rights, farmers receive rent and a share of the net profits of the trust (dependent on the area of land they initially contributed).