"Let's Increase Farmers' Income by Predicting Agricultural Product Prices"

Monitoring Supply and Demand of Major Agricultural Products in the Province through Agricultural Product Price Prediction System

[Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongsangnam-do announced on the 10th that it will actively promote the use of the price prediction system by utilizing the price prediction information from the 'Major Agricultural Products Price Prediction System.'

The 'Major Agricultural Products Price Prediction System' is the nation's first supply and demand platform that predicts agricultural product prices based on big data, and has been providing services since April.

Last year, the system continuously predicted a price decline for Gyeongnam's major winter items, including fresh chili peppers (Nokgwang, Cheongyang, Kkwari).

Accordingly, the province was able to respond proactively by understanding crop conditions through the shipment status from the Nonghyup, field visits to farms, and discussing countermeasures through the Gyeongnam Fresh Chili Pepper Producers Association.

As a result, the wholesale market price of Cheongyang chili peppers, which was about 9.6% lower than the average in December, rose to 3.6% above the average in February of this year.

With the supply and demand response based on the price prediction system information proving effective, the province plans to strengthen promotion to encourage system access so that it can proactively cope with supply and demand situations.

Information messages about the price prediction system will be sent to about 500 production farms in cities and counties to promote the system.

Along with the predicted prices, a link to the system's website will be attached to facilitate access for elderly farmers.

In the future, a survey will be conducted among message recipients to collect opinions on the system's strengths and weaknesses, ways to utilize displayed information, and areas for improvement from the user's perspective.

Additionally, promotional videos will be provided for use in farming education, and promotion through online communication media such as YouTube will also be pursued.

This content was produced with the assistance of AI translation services.