Rice cultivation area in South Korea is at all-time low: Impact of appropriate production policy

Published 2024년 8월 27일

Tridge summary

Rice cultivation in South Korea has hit a record low this year, with the area dropping to 697,714 hectares, a reduction of 12,980 hectares from the previous year. This decline is largely due to policies designed to balance rice supply and demand, such as the direct payment system for strategic crops. Similarly, chili pepper cultivation has also decreased to 26,436 hectares, down by 696 hectares from the previous year, primarily because of rising production costs.

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

Original content

Rice cultivation area at all-time low… Impact of ‘appropriate production policy’ Due to the appropriate rice production policy, rice cultivation area recorded an all-time low this year. According to Statistics Korea, this year’s rice cultivation area was 697,714 hectares, down 12,980 hectares from the previous year. Statistics Korea explained that rice cultivation area is continuously decreasing due to the impact of policies to balance rice supply and demand, such as the direct payment system for strategic crops. As production costs increase, the area for chili pepper cultivation is also decreasing. This year’s chili pepper cultivation area is 26,436 ...

Source: Yonhapnewstv