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FY2015 budget seeks to strengthen dairy industry with an eye on TPP

  • 2015-01-15 15:00:00
  • , Mainichi
  • Translation

(Mainichi: January 15, 2015 – p. 13)

 

 By Masashi Taguchi

 

 The fiscal 2015 budget proposal allocated 2.309 trillion yen to agriculture related programs, a drop of 0.8% from fiscal 2014.

 

 The government seeks to bolster the competiveness of dairy farmers, as discussions are underway for the Trans-Pacific Partnership trade pact and other economic partnerships. It earmarked 7.5 billion yen to help build livestock barns and secured 183.1 billion yen to ease the impact of price increases in compound feed on dairy farmers, which is 12.1 billion yen more than in fiscal 2014. It expects these funds to help prevent dairy farmers from closing their businesses and strengthen their production bases.

 

 The government also allocated 19 billion yen to put into operation a “farmland bank” to consolidate abandoned farmland and manage it for efficient use. Banks will be set up in each prefecture and handle various administrative tasks, such as paying subsidies to individuals and communities which lease their land.

 

 The government also earmarked 2.29 billion yen for a program to promote Japan’s exports of farm produce.

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