The direct payment unit price for wheat must be raised in South Korea

Published 2023년 9월 8일

Tridge summary

Wheat farmers in Korea are angry about the Ministry of Agriculture doubling the unit price of direct payments for certain crops, while freezing the price for domestic wheat. They are demanding an increase in direct payments for wheat and for the government to purchase all production from domestic wheat complexes. The government has set a goal to increase domestic wheat self-sufficiency, but farmers argue that the price competitiveness needs to be addressed to achieve this goal.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Korea Farmers and Fishermen Newspaper] Wheat farmers were very angry. This is because the Ministry of Agriculture, Food and Rural Affairs doubled the unit price of direct payment for strategic crops for paddy soybeans and powdered rice from 1 million won to 2 million won per ha in the process of preparing next year's budget, while freezing domestic wheat at '500,000 won per ha.' Wheat-related organizations are demanding that direct payments be raised from 500,000 won to 2.5 million won per hectare and that all production from domestic wheat production complexes be purchased as government reserves. In fact, the unit price of direct payment for wheat has been controversial since last year when the ‘paddy field utilization direct payment system’ was expanded and reorganized and the budget for the strategic crop direct payment system was first allocated. The expectations of wheat farmers were high as Minister of Agriculture, Food and Rural Affairs Jeong Hwang-geun answered several ...
Source: Agrinet

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