Last year, the farm-gate rice price (per 20kg of milled rice) hit a record high of 58,000 won. Thanks to this, net profit per 1,000㎡ (about 302 pyeong) of rice farming surged 58% from a year earlier.

In a rice paddy in Gaknam-myeon, Cheongdo-gun, North Gyeongsang, a farmer cuts and carries sheaves with a sickle where the combine cannot reach. /Courtesy of News1

According to the Ministry of Data and Statistics (MODS) "2025 rice production cost survey results" on the 27th, last year's farm-gate rice price was 58,000 won, up 25% from a year earlier. It was the record high since related statistics were first compiled in 2017.

With rice prices rising more than production costs, net profit from rice farming was 427,000 won, up 57.9% from a year earlier. The growth rate was the highest since 2011 (63.5%). The net profit margin was 31.7%, up 8.2 percentage points from a year earlier.

Last year's rice production was 522kg per 1,000㎡, an increase of 1.7% (9kg) from a year earlier.

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