Ministry of Agriculture, Food and Rural Affairs provides FTA damage compensation to Korean cattle and beef farms

(Seoul = Yonhap News) Reporter Shin Seon-mi = The Ministry of Agriculture, Food and Rural Affairs announced on the 27th that it has selected four items, including Korean beef, Korean beef calves, beef cattle, and mung beans, as targets for direct payment support to compensate for damage from the Free Trade Agreement (FTA) this year. The direct payment to compensate for FTA damage is a system that provides partial support to farmers who have suffered damage from price declines due to increased income due to the implementation of the FTA. Those eligible for direct payment are farmers who were engaged in producing the relevant item before the effective date of the agreement. Farmers wishing to receive support can apply at the town/myeon/dong office with jurisdiction over the production area of the item eligible for support by ...