Chungcheongbuk-do reduces South Korean beef breeding

Published Mar 2, 2023

Tridge summary

Chungcheongbuk-do province in South Korea is implementing a project to reduce the number of Korean cattle to maintain an appropriate number. The province will decrease support for artificial insemination and fertilized egg transfer procedures to reduce breeding. The number of Korean cattle in the province has increased by 21% since 2018. The province will also reduce budgets for these services, resulting in a 20 to 30% decrease in the number of Korean cattle breeding. The province will also invest 34.3 billion won in 18 projects to reduce production costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Cheongju = Yonhap News) Reporter Shim Gyu-seok = Chungcheongbuk-do is promoting a reduction project to maintain an appropriate number of Korean cattle. According to Chungcheongbuk-do on the 2nd, the number of Korean cattle raised in the province was 248,000, or 7% of the total (3,528,000) nationwide as of December last year. Compared to 205,000 in 2018, it increased by 21% (43,000). The province will reduce support for artificial insemination fees and fertilized egg transfer procedures to reduce the breeding of Korean cattle by next year. The artificial insemination fee increased from 174.5 million won (8725 animals) last year to 83 million won (4150 animals) this year. 300) was reduced. A provincial official said, "These budgets will decrease next year as well," and "the number of Korean cattle breeding will decrease by 20 to 30 percent compared to now." Consumption promotion campaigns for farm households suffering from falling prices of producing areas will also be conducted at ...
Source: Yna

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.