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Sustainable farm development in the Republic of Korea in a global economy

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  • Sustainable farm development in the Republic of Korea in a global economy
  • Kim, Jong Moo
  • University of Minnesota


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Title Sustainable farm development in the Republic of Korea in a global economy
Similar Titles
Material Type Articles
Author(English)

Kim, Jong Moo

Publisher

[Minneapolis]:University of Minnesota

Date 2008-08
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Agriculture
Holding University of Minnesota

Abstract

The Republic of Korea will need to alter many of its national economic and agricultural policies to meet the requirements of new global trading agreements. One farm structure that is being encouraged is sustainable farms that use less inorganic fertilizer and pesticide. The main reasons for reducing pesticide and chemical fertilizers on rice, vegetable, and fruit farms are environmental and nutritional: to improve the quality of agricultural products and to protect drinking water supplies for large cities, including Seoul. Other reasons are economic. Korea has to import more than 80% of its food and agricultural products, and the present shortage of foreign currency contributes to a rapidly increasing trend in farm debt on all types of farms: only 20.4% of Korean farms were debt-free in 1997 (MAF 1998). The present goal of Korea`s agricultural policy is to reduce pesticide and chemical fertilizer use on farms by 50%. (The rest omitted)

User Note

15th Congress - Developing Entrepreneurship Abilities to Feed the World in a Sustainable Way