Japanese agriculture is in a free-fall decline.

Japanese agriculture is in a free-fall decline. In the years between 1960 and 2005, the share of agricultural output in gross domestic product (GDP) dropped from 9% to 1%, the food self-sufficiency ratio from 79% to 41%, and agricultural land, indispensable for food security, from 6.09 million hectares to 4.63 million hectares.

Meanwhile, the ratio of part-time farm households, which derive more than half their income from non-farm employment, increased from 32.1% to 61.7%. The percentage of farmers over 65 years old also jumped from 10% to 60%. Gross agricultural output in 2006 was 8.5 trillion yen (US$93.4 billion), less than the sales volume of Panasonic, which stood at 9.1 trillion yen in the same year.

Read the rest of the story: High rice prices feed Japan’s farming woes

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