The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Wed, July 6, 2022 | 18:57
Business
Farmers Suffer From Rising Rice Output Cost
Posted : 2008-02-13 16:06
Updated : 2008-02-13 16:06
Print Preview
Font Size Up
Font Size Down
By Yoon Ja-young
Staff Reporter

Pressured between rising production cost and decreasing income, rice farmers are experiencing difficult times.

According to the National Statistical Office (NSO), the production cost of rice per 10-acre paddy field stood at 607,354 won last year, up 1.2 percent from the previous year. The cost of fertilizer grew notably by 8.7 percent, followed by farming tools at 7.2 percent and pesticides, 5.5 percent.

The cost of producing an 80-kilogram-sack of rice reached 101,491 won, up 7.2 percent from 2006.

Amid growing production cost, farmers are earning less from rice cultivation. Farming households made 246,887 won in net profit per 10-acre paddy field, down 15.4 percent from the previous year. The statistical office explained that the sales price of rice, which grew just 1.4 percent from 2006, was not enough to offset the rising cost of fertilizer, pesticide, or tools.

The ratio of net profit to production cost stood at a mere 28.9 percent for rice farmers, dropping 3.8 percentage points from 2006. The ratio is even lower than other agricultural products. The ratio of net profit to production cost for sesame farmers, for example, was 43.1 percent, and for pepper farmers, 37.8 percent. Those cultivating garlic and onion also had the ratio hover above 30 percent, showing rice farming is becoming less profitable than others.

Rice production last year totaled 4.5 million tons, down 5.8 percent from the previous year.

Rice consumption is decreasing each year as more people choose substitutes such as bread. According to NSO data, Koreans consumed 76.9 kilograms of rice on average last year, 2.4 percent less than a year ago. Rice consumption has been falling each year since 2002, when each person consumed 87 kilograms of rice.

chizpizza@koreatimes.co.kr
 
LG
  • Fashionista first lady draws polarized reactions
  • Price-conscious consumers flock to fresh food sales
  • Son Heung-min recalls experiencing racism in Germany, rejoicing at revenge in World Cup upset
  • Child porn website operator gets 2-yr prison term for concealing criminal proceeds
  • USFK member accused of alleged DUI on motorcycle
  • Korea's inflation soars to 24-year high, weighing on economy
  • June Huh becomes 1st scholar of Korean descent to win Fields Medal
  • Korea's inflation growth hits nearly 24-year high in June on fuel costs
  • US bill expresses concerns over proposed abolishment of Korean ministry of equality
  • Korea to expand nuclear power generation to 30% of total by 2030
  • Maroon 5's world tour image with Rising Sun design causes stir Maroon 5's world tour image with Rising Sun design causes stir
  • [INTERVIEW] How Frank Wildhorn became most popular musical composer in Korea [INTERVIEW] How Frank Wildhorn became most popular musical composer in Korea
  • [INTERVIEW] Yoon Doo-joon juggles music and acting for series 'Never Give Up' [INTERVIEW] Yoon Doo-joon juggles music and acting for series 'Never Give Up'
  • Enhypen returns with more intense music and performances Enhypen returns with more intense music and performances
  • Korea box office tops 15 mil. admissions in June Korea box office tops 15 mil. admissions in June
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group