The Ministry of Agriculture, Food and Rural Affairs in South Korea is implementing a preemptive supply and demand management policy to address the instability of agricultural product prices. The ministry is introducing measures such as a rice harvest season plan, a Korean-style farmer income and management safety net, and a plan to pre-isolate 20,000 hectares of rice cultivation area to stabilize supply and demand during the harvest season. The ministry is also taking measures to revitalize the rice processing industry and Korean beef industry, and expanding an income stabilization insurance to guarantee not only harvest loss but also income decrease due to price declines.