On April 13, Japan’s Agriculture and Livestock Industries Corporation (ALIC), a state-trading enterprise, announced details of $875 million it will receive as part of Japan’s COVID-19 supplementary budget. Over half of the budget will be used to stimulate consumption of wagyu beef. The remainder will be used to support beef and dairy producers as well as hides/skins companies and farms directly affected by COVID-19.
ALIC Announces Details of COVID-19 Funding for Beef Industry