Building Robust Food Security System Resilient from External Shocks with Enhanced Self-Sufficiency of Basic Crops and Expanded Overseas Supply Networks
Public Relations Division
□ To ensure stable supply of major grains despite various external shocks, we aim to ① reverse a downward trend of food self-sufficiency, and ② secure stable overseas supply networks ❶ (Domestic) Turning food self-sufficiency to an upward trend by expanding domestic production of major basic foods ▪ (Production) Large-scale, concentrated production system will be built with a focus on specialized production complexes. Income safety net for farmers will be expanded by newly establishing a direct payment system for strategically important crops. ▪ (Farmland) Farmland management will be streamlined through goal setting for farmland preservation, renewal of farmland registers, improved management of agricultural promotion areas (building its management system, etc.) and farmland conversion permits. ▪ (Stockpiling) Domestic food crop stockpiling will be expanded, and wheat-exclusive storages be newly built. ▪ (Consumption) New food products using domestic floury rice and wheat (baking and confectionery) will be developed. Alternative foods using domestic soybeans in line with food tech industries will be developed. ❷ (Overseas) Securing stable supply networks overseas by expanding support for the private sector and international cooperation ▪ (Supply networks) A new plan for low-interest loan (a total of 50 billion won, secondary conservation of interest) will be formulated to secure additional grain supply systems overseas (e.g., Grain Elevator) for private companies. ▪ (Bilateral, multilateral cooperation) Bilateral cooperation with major grain exporting countries and multilateral cooperation for grains which have a high import dependence* will be built. * By joining the Indo-Pacific Economic Framework for Prosperity (IPEF), cooperation for food security and supply networks will be encouraged among countries in the same region. Emergency reserve system that utilizes rice and wheat reserve in case of emergency will be built by adding wheat to the scope of ASEAN+3 Emergency Rice Reserve. ▪ (ODA) International trust and cooperation in case of emergency will be built by providing support for agricultural technologies, facilities, and equipment such as ODA projects.