Enactment of the Essential Agricultural Materials Support Act...expectations for stabilizing agricultural material prices and easing management costs

Published 2025년 12월 1일

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[Agricultural, Fisheries, and Livestock Newspaper=Reporter Park Yu-sin] A legal basis has been established for the government to prepare and provide measures in advance when prices of agricultural materials such as fertilizers, feed, electricity, and oil rise abnormally. The National Assembly passed a bill on the "Act on Support for Essential Agricultural Materials to Respond to Supply Chain Risks (hereinafter referred to as the Essential Agricultural Materials Support Act)" during a plenary session last month. The Essential Agricultural Materials Support Act, which passed through the National Assembly that day, is scheduled to be implemented starting December next year. Until now, due to global financial crises or international tensions such as the Russia-Ukraine war, the prices of raw materials have surged, leading to abnormally rising prices of agricultural materials used in farming, impacting the operating costs of farms.

Original content

A legal basis has been established for the government to prepare and provide measures in advance if prices of agricultural materials such as fertilizers, feed, electricity, and oil rise abnormally. The National Assembly passed the bill for the "Act on Support for Essential Agricultural Materials to Respond to Supply Chain Risks" at a plenary session last month. The Act on Support for Essential Agricultural Materials, which passed the National Assembly, is scheduled to be implemented from December next year. Until now, the government has provided temporary financial support to farmers to alleviate the burden of operating costs due to the sharp rise in prices of agricultural materials caused by global financial crises or international tensions such as the Russia-Ukraine war, which led to a surge in raw material prices. However, this support was only taken after the sharp rise in agricultural material prices, and it was pointed out that it had limitations in resolving the operational ...
Source: Aflnews

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