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Decoupled Payments and Agricultural Policy Reform in Korea AgEcon
Lim, Song-Soo.
Abolishing a nearly 50-year-old policy for rice price support, Korea adopted a new direct payment program in 2005. Making the transition to decoupled income payments has been governed by the need for operative and effective income safety nets and the WTO disciplines on domestic support. The program aims to deal with over-supply of rice while guarding against the threat of income insecurity. Integrated into a target price mechanism, the fixed and variable payments compensate part of farm income loss arising from adverse market conditions. Besides, the government launched a public stockholding measure to ensure food security. A review of previous studies highlights the fixed payment has no or at most minimal effects on production while the variable payment...
Tipo: Conference Paper or Presentation Palavras-chave: Decoupled payments; Direct payments; Policy reform; Rice; Korea; Agricultural and Food Policy.
Ano: 2007 URL: http://purl.umn.edu/9755
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Impacts of the Doha Round on Korea's Agricultural Tariff Profile AgEcon
Lim, Song-Soo.
The purpose of this paper is to simulate the proposed modality in market access and estimate its potential impacts on Korea's tariff profile. By accommodating a tiered formula for tariff reduction, the modality attempts to harmonize tariffs across products and countries. When no flexibility in tariff cuts is taken into account, Korea would face up to 68 percent reduction in tariffs in an average term (the baseline). The provision of sensitive products in which the tariff cuts are allowed to deviate from the tiered formula by two-thirds at a maximum is likely to bring about 11 percentage points of maximum tariff saving effects compared with the baseline case. Besides, Korea would be able to maximize savings in tariff reductions by 25 percentage points by...
Tipo: Journal Article Palavras-chave: Tariff; Tiered formula; Modality; Market access; Doha Round; Korea; Agribusiness; Agricultural and Food Policy; Agricultural Finance; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/45677
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Transition to Decoupled Rice Support and Its Production Effects in Korea AgEcon
Lim, Song-Soo.
Abolishing a nearly 50-year-old policy for rice price support, Korea adopted a new direct payment program in 2005. Making the transition to decoupled income support has been governed by the need for operative and effective income safety nets and the WTO disciplines on domestic support. The program aims to deal with over-supply of rice while guarding against the threat of income insecurity. Integrated into a target price mechanism, the fixed and variable payments compensate part of farm income loss arising from adverse market conditions. An empirical estimation based on the farm-level data is performed to test the degree of a linkage between rice support and production. The analysis suggests that rice support have only marginal influence on production with...
Tipo: Journal Article Palavras-chave: Rice; Decoupled support; Direct payments; Agricultural policy reform; Korea; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development.
Ano: 2008 URL: http://purl.umn.edu/45680
Registros recuperados: 3
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