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

Published 2022년 10월 17일

Tridge summary

The Nonghyup Economic Research Institute has called for improvements to South Korea's strategic crop direct payment system, set to be implemented from next year. The institute has recommended increasing the support unit price and expanding the target crops to better adjust rice production. It also suggested that a rice production control system should be introduced and that the Grain Management Act should be amended to make the production adjustment system more predictable for farmers. The institute made these recommendations in a report titled 'Rice Industry Development Tasks for Stabilizing Rice Supply and Demand'.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

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 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. 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 ...
Source: Nongmin

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