South Korean cattle breeding and livestock environmental regulations large losses of small farms, support should be considered

Published 2023년 2월 7일

Tridge summary

A recent study commissioned by the Korean Beef Fund Management Committee, as reported on 2023-02-07, reveals the economic impact of livestock environmental regulations on small and medium-sized Korean cattle farms. The research conducted by Korea University identifies that these regulations result in greater production losses for farms with less than 50 heads of cattle, compared to larger operations with 100 or more heads. The findings show that the increased costs associated with these regulations do not justify their environmental benefits, leading the Hanwoo Fund to call for policy support for small and medium-sized farms. The study's findings also indicate a decrease in total social welfare and added value due to the increased costs of compliance, suggesting that the current regulations may not be economically efficient.

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Original content

cost of regulation Analyzing as Outweighing Environmental Benefits It is argued that support policies for small-scale farms should be considered, as production losses due to livestock environmental regulations are found to increase more in small and medium-sized Korean cattle farms with less than 50 heads of cattle than in large-scale farms with 100 or more heads. The results of the ‘Study on Korean Beef Productivity and Related Ripple Effects of Livestock Environmental Regulations’ ordered by the Korean Beef Fund Management Committee (Chairman Min Kyung-cheon, hereinafter referred to as Hanwoo Fund) and conducted by Korea University (Research Director: Professor Ahn Byeong-il) have been announced. The Hanwoo Fund conducted this study to analyze the effects of livestock farming environmental regulations on Korean cattle farm productivity and to analyze the effects of livestock farming environmental regulations on the national economy through mutual comparison of greenhouse gas ...

Source: Aflnews