Japan: Falling Wagyu Prices Trigger Supports Amid COVID-19
Link to report:
Falling wagyu beef prices since 2019 have triggered increased support payments under the Beef Livestock Stabilization Program, also known as Beef Marukin. Short-term demand for wagyu is projected to continue falling as a result of COVID-19, leading to additional payment increases. To further support livestock producers, the ruling party in Japan has proposed temporarily waiving the 25 percent funding contribution requirement for producers to participate in the Beef Marukin program.
