Livestock development in Korea: issues and policies
1982
Shim, Y.K. (Seoul National University, Seoul (Korea R.). Dept. of Agricultural Economics)
Traditionally, Korean agriculture has centered on the production of rice and other cereals, and the livestock sector has been ignored as an industry. As a result of rapid economic growth, the rise in income has stimulated a major increase in the consumption of animal protein, and Korean agriculture is faced with a number of crucial adjustment problems. Domestic production has not kept pace with demand because of limited feed, land, and capital restraints. This supply shortage is projected to increase in the future. Rapid development of the livestock industry is, therefore, becoming increasingly important as a component of Korean agriculture. However, most of Korea's small scale farmers cannot make the necessary adjustment by transferring their limited farming resources from cereal to livestock production. To meet current market demand, the government has initiated various measures including the provision of institutional loans, importation of meat and dairy products, paying subsidies for reclaiming grassland, extension services for breeding and raising cattle, livestock marketing activities to stabilize prices, regulations to offset losses from investing in livestock farming, and so forth. To date, such government policies have not been very effective in alleviating the constraints faced by the industry, because they reflect a response only to the immediate situation without adequate consideration of related problem areas. Thorough and comprehensive analysis is required to formulate effective, longer term policies.
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