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Country case study investigating supportive policies and resource allocations for agriculture investment

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  • Country case study investigating supportive policies and resource allocations for agriculture investment
  • Global Agriculture Policy Institute
  • Global Agriculture Policy Institute


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Title Country case study investigating supportive policies and resource allocations for agriculture investment
Similar Titles
Material Type Reports
Author(English)

Global Agriculture Policy Institute

Publisher

[Seoul]:Global Agriculture Policy Institute

Date 2011-10
Pages 79
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Agriculture
Holding FAO

Abstract

During the industrialization process of the economic development plans, Korean agriculture experienced many changes. In the 1960s, low productivity and a shortage of rice production resulted in the surge of farm debts, which could have devastated the Korean agricultural foundation. Constructing an agricultural foundation and improving productivity were required during the industrialization process, so the government supported the agricultural sector through investment and loan programs. In the 1950s, Korean agriculture solved the farmland ownership problem through the Farmland Revolution of 1950. The 5-year economic development plans of the 1960s brought in major changes to the agricultural sector. The government increased investment and loans to raise productivity and to increase rice production, which secured a reasonable level of farm income. (The rest omitted)