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Fertilizer Policy in Korea

Anderson, Kym


Farmers in Korea are often thought to be assisted by current fertilizer policy, since the government sells fertilizer to them at roughly 20 per cent below cost. However, this farm price is about 20 to 30 per cent above the international price. That is, fertilizer manufacturers are enjoying a nominal rate of protection of more than 50 per cent. The fertilizer "subsidy" is really a mechanism by which taxpayers help farmers bear the direct cost of that protection. It involves large government...[Show more]

CollectionsANU Research Publications
Type: Journal article
Source: Journal of Rural Development


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