Abstract: Pig breeding industry is an important real economy industry in China. In recent years, due to the impact of industrial cycle and African swine fever, pork prices have fluctuated. In order to stabilize and restore pig production, the government departments have introduced a series of supportive policies and subsidy measures. In order to correctly and comprehensively reflect the performance of enterprises and ensure the maximum effect of subsidy policy implementation, this paper analyzed four aspects of the price subsidy of reserve meat, policy-based financial interest discount, tax planning of government subsidy and industrial support funds. The results showed that because of the diversity of subsidy policies and the complexity of economic activities, there are the following problems in dealing with government subsidies, such as reserve meat price subsidies accounted for as non-operating income; the improper treatment of policy discount accounting resulted in the failure to correctly reflect the financing cost of enterprises; failing to carry on tax planning to the government subsidy income lead to the government subsidy effect discount; industry support funds did not distinguish the nature of funds directly into the government subsidy. In view of this, the following five suggestions are put forward: 1) Reserve meat price difference subsidy should be treated as business income; 2) Financial discount loan could choose simplified accounting treatment; 3) Enterprises should enhance the awareness of tax planning to maximize the effect of subsidy policy; 4) The accounting level of pig enterprises needed to be improved; 5) Government departments could coordinate with tax departments to jointly formulate subsidy policies.