News

Next year’s direct payment for strategic crops in South Korea is only 72 billion won

Rice Flour
Soybean
Wheat
Rice
South Korea
Published Oct 17, 2022

Tridge summary

To increase the effectiveness of the strategic crop direct payment system, which will be implemented from next year, it was argued that the target crops should be expanded and the support unit price should be increased. The direct payment system for strategic crops is a system that pays direct payments to farms that grow powdered rice (powdered rice), soybeans, wheat, and forage instead of rice.

Original content

Nonghyup Economic Research Institute claims to be supplemented Low cost of support and fewer target crops Mechanization of field crops is also insufficient It is necessary to increase the amount of support in the past Voices of introducing rice production control system In a recent report titled 'Rice Industry Development Tasks for Stabilizing Rice Supply and Demand', the Nonghyup Economic Research Institute said, “In a situation where rice surplus has been fixed, it is necessary to introduce a rice production adjustment system and legislate the triggering requirements to enhance the policy predictability of farmers. “The direct payment system for strategic crops can partially adjust rice production, but there is a limit to the target crops and the unit price supported, so it needs to be supplemented.” The government is planning to introduce a direct payment system for strategic crops from next year to reduce the area of rice cultivation and to expand cultivation of ...
Source: Nongmin
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