News

The number of South Korean beef farms in Jeju City decreased, and the number of cattle raised increased

Meat
Frozen Bone-In Beef
South Korea
Market & Price Trends
Published Dec 9, 2023

Tridge summary

Over the past 10 years, the number of Korean beef farms in Jeju City has decreased by 22.5%, while the overall number of cattle has increased by 28%. This decline in the number of farms is attributed to factors such as the decrease in the price of Korean beef after the Korea-US FTA and the closure of small farms due to demands for facility improvement and environmental regulations. The city anticipates an increase in the appearance rate of high-quality Korean beef and plans to implement measures to stabilize the management of Korean beef farms in the future.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

[Korea Farmers and Fishermen Newspaper Reporter Kang Jae-nam] In Jeju City's Korean beef industry, the number of breeding farms has decreased over the past 10 years, while the overall number of cattle has increased. According to the city, as a result of analyzing changes in the Korean beef industry over the past 10 years, the number of Korean beef farms decreased by 109 farms, or 22.5%, from 483 farms in 2013 to 374 farms as of last year. The total number of animals raised was 21,291, an increase of 4,670 animals (28%), and an average of 57 animals were raised per farm. The city analyzed that the decrease in the number of farms occurred due to the decline in the price of Korean beef after the Korea-US FTA and the closure of small farms due to demands for facility improvement due to environmental regulations and quarantine. In addition, it is expected that the appearance rate of 1++ based on steers will increase from 21% to 44% due to the improvement of farm Korean beef and the ...
Source: Agrinet
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