2020.04.30
Japan To Revise Criteria for Beef Marukin Support Payments
Japan’s Ministry of Agriculture, Forestry and Fisheries is expected to revise the calculation method for payments under the Beef Marukin program which provides financial support to beef producers when average production costs exceed average revenues. Currently, average revenues are calculated separately by each prefecture based on local market prices. The new calculation method will group Japan’s 47 prefectures into 10 regional blocks. FAS/Tokyo anticipates that this change could lead to larger overall payments under the program.