Japan: Japan Revises Support Payments for Beef Calf Producers
The Government of Japan has revised the calculation method for two reference prices used to determine support payments under its Deficiency Payment Scheme for Feeder Calves. The revision is designed to enhance the competitiveness of domestic beef as Japan lowers tariffs on imported beef from Australia, Canada, Mexico, and New Zealand. In doing so, the government abolished a separate support program which only applied to certain calf producers. The changes took effect on December 30, 2018.
Japan: Japan Revises Support Payments for Beef Calf Producers