South Korea: Farmers receive compensation due to zucchini damage

Published May 16, 2023

Tridge summary

The Ministry of Agriculture, Food and Rural Affairs in South Korea has announced a compensation plan of 4.25 billion won for the damage caused by the suspension of zucchini shipments due to the detection of LMOs. The plan includes compensation for general farms, positive farms where LMOs were detected, and wholesale corporations. The compensation amount varies based on the cultivation area, cultivation period, and eco-certification. While the plan is generally accepted by farmers, concerns remain about the lack of a compensation plan for processing companies, with Hansalim suffering a loss of about 1.9 billion won.

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

Original content

[Reporter Choi Young-jin of The Korean Rural Newspaper] 1.18 million won based on 1000㎡ of general farmhouse Up to 10.11 million won for LMO-positive farms Up to 21.55 million won for eco-friendly training To be paid to wholesale corporations that have suspended distribution Incentives will be paid as early as the end of this month to zucchini farms who have endured hardships as domestic unapproved LMO seeds are circulated. Based on 1,000㎡ (about 300 pyeong), it is expected that ordinary farms where LMO is not detected will receive 1.18 million won, and positive farms will receive up to 10.11 million won. It was recently confirmed that the Ministry of Agriculture, Food and Rural Affairs confirmed a compensation plan of 4.25 billion won for damage to LMO zucchini. Among them, a total of 2.8 billion won was allocated to general farms, 900 million won to positive farms where LMOs were detected, and about 500 million won to wholesale corporations that suffered damage from the ...

Source: Agrinet