This year, goat meat has been selected as an item for the FTA damage compensation direct payment.

[Livestock News Reporter Kim Soo-hyeong] The Ministry of Agriculture, Food and Rural Affairs has announced that goat meat has been finally selected as a supported item for the Free Trade Agreement (FTA) Damage Compensation Direct Payment by 2026. The FTA Damage Compensation Direct Payment is a system that compensates for some of the damages to the producing farmers of items whose domestic prices have fallen due to increased imports as a result of the implementation of the Free Trade Agreement. The target items will be compensated based on the standard price compared to the actual price for farmers and agricultural corporations that have produced the items before the enforcement of the Free Trade Agreement.

[Livestock News Reporter Kim Soo-hyung] The Ministry of Agriculture, Food and Rural Affairs has announced that goat meat has been finally selected as a supported item for the Free Trade Agreement (FTA) Damage Compensation Direct Payment for 2026. The FTA Damage Compensation Direct Payment is a system that compensates some of the losses to farming households whose domestic prices have fallen due to increased imports and FTA implementation. It is paid to farmers and agricultural corporations that have produced the target items before the FTA came into effect, reflecting the decrease in price compared to the base price for the year and the contribution to imports, within the range of 95% of the price decrease. The Ministry of Agriculture, Food and Rural Affairs analyzed the possibility of import damage for a total of 105 items through the FTA Implementation Support Center of the Korea Rural Economic Institute, and after collecting opinions and expert reviews, it finally selected goat ...