Korea Dairy and Beef Association strongly urges additional allocation of dairy budget next year

Published 2024년 12월 16일

Tridge summary

The Korea Dairy and Beef Cattle Association is calling for an increase in the next year's budget due to losses caused by heavy snowfall, rising production costs, and increased imports due to a Free Trade Agreement. The association also demands a support plan and the declaration of special disaster zones. They are criticizing the absence of funding for projects aimed at enhancing the competitiveness of domestic dairy products and analyzing the cow genome in the next year's budget. The association warns that the mid- to long-term development plan for the dairy industry could be empty words if dairy companies withdraw from the differential pricing system.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As dairy farmers have suffered serious damage due to heavy snowfall concentrated in the metropolitan area last month, rising production costs, and increased imports of dairy products due to the Free Trade Agreement (FTA), voices are growing louder for an increase in next year’s budget. On the 12th, the Korea Dairy and Beef Cattle Association (Chairman Lee Seung-ho, hereinafter referred to as the Dairy Cattle Association) issued a statement, strongly urging additional budget allocation, stating that the budget bill passed at the National Assembly plenary session, including the “Domestic Dairy Product Competitiveness Enhancement Support Project” and the “Cow Genome Analysis Project,” ultimately failed. In addition, they demanded a support plan while insisting on the prompt declaration of special disaster zones for areas damaged by heavy snowfall. The Dairy Cattle Association strongly protested that the budget increase bill for the Domestic Dairy Product Competitiveness Enhancement ...

Source: Aflnews