Farmer’s Insurance

In a recent article in the Japan Times, the topic of insurance for Japanese farmers is discussed. With the new TPP deal, cheap imports are set to flood the Japanese market. Everything from produce to beef to cattle feed will become much cheaper and Japanese farmers fear that they will be put out of business. The Japanese government is looking to set up insurance for these farmers and protect them from these low prices. Is it wise to have the government step in and save the farmers? Why did Japan agree to these conditions under the TPP when they just have to use their own money to bail out the farmers? How will the Japanese farming industry evolve to these new conditions?

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