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Abstract

This paper addresses major agricultural marketing and price policies in Korea. The objectives of these policies are firstly to stabilize prices of agricultural products, secondly to raise farm incomes comparable to the incomes of those who work in non-farm sectors, and thirdly to establish a perfect market for agricultural produces. To achieve these objectives the government has initiated a number of measures including purchase programs, production and supply arrangements, mortgage loan, price controls, export promotion and import restrictions, producer subsidies, and disaster payments. By reviewing the policy instruments one indicates that many of the detailed implementary programs paper to be poor primarily because of the lack of scientific knowledge and financial support. More importantly, what Korea needs are trust and responsibility for its programs.

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