Nonghyup has reached a contract cultivation of 4,400 tons of mixed grains this year in South Korea

Published 2021년 7월 2일

Tridge summary

Nonghyup Economic Holdings has announced plans to contract the cultivation of 4,400 tons of domestic mixed grains for the year, up from last year's 2,100 tons. The types of grains have also been expanded to include oats, and the project is aimed at stabilizing the production of domestic mixed grains and increasing consumer confidence. The contract cultivation is part of the 'Measures to Enhance the Competitiveness of the Mixed Grain Business' and involves subsidizing raw material and transportation costs for farmers. The response from producers has been positive, with 4,400 tons applied, exceeding the target of 3500 tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Nonghyup will contract cultivation of 4,400 tons of domestic mixed grains this year. It is twice as large as last year, and the number of items has also been expanded to six including oats. Nonghyup Economic Holdings announced on June 28 that it will carry out the ‘multi-grain contract cultivation project’, which was first promoted last year, again this year. The Agricultural Cooperatives has been promoting the ‘Measures to Enhance the Competitiveness of the Mixed Grain Business’ in July last year to help the stable production of domestic mixed grains and to increase consumer confidence. The contract cultivation of mixed grains is one of these measures. This is a method of subsidizing related expenses such as the raw material price and transportation cost when the local agricultural cooperative purchases the mixed grains from the farmers who have agreed in advance. In the aftermath of the novel coronavirus infection (COVID-19), food security anxiety has grown, and it has ...
Source: Nongmin

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