Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Reality check: N. Korea’s agricultural mechanization vs. rising hand tool costs
    Commodities

    Reality check: N. Korea’s agricultural mechanization vs. rising hand tool costs

    May 29, 20253 Mins Read


    North Korea’s Rodong Sinmun newspaper reported on Sept. 25, 2022, that a ceremony for conveying farm machines sent to South Hwanghae province by North Korean leader Kim Jong Un took place at Haeju Square. (Rodong Sinmun, News1)

    Despite North Korea’s repeated emphasis on agricultural mechanization, farmers continue to depend on basic hand tools like shovels, hoes, pickaxes and sickles. With rice planting season underway, farm tool prices are surging due to high demand, adding financial strain on farmers.

    A Daily NK source in North Pyongan province reported recently that farm implement prices had jumped as much as 33% by May compared to early 2025, varying by item.

    Domestically-made shovels climbed 33% from 6,000 to 8,000 North Korean won, while hoes and sickles increased about 20% from 2,500 to 3,000 won. Chinese-made shovels rose roughly 11%, from 11,500 to 12,800 won.

    The following graph shows price changes for major farm tools in Sinuiju, North Pyongan province.

    tools, farming, farms, agriculture

    “Prices always go up during farming season, but this year demand for farm tools in agricultural areas has been especially strong, with prices starting to spike in March,” the source explained.

    This reality stands in sharp contrast to Kim Jong Un’s “agricultural modernization” policies, which promote farm equipment delivery and model mechanized farms. In practice, however, actual farm machinery provision remains inadequate. A single cultivator costs around $1,500, making it unaffordable even for collective farms, leaving farmers “100% dependent” on simple hand tools, as they put it.

    Purchasing farm tools isn’t difficult—domestic steelworks mass-produce them for farming seasons, ensuring adequate supply. But rising demand drives up prices, and high-quality Chinese tools, which are scarce, sell out quickly.

    Farmers call for production improvements

    Farmers have shown mixed reactions to these conditions. Since Kim Jong Un introduced the bunjo management system, which allows farmers to keep agricultural surpluses, they’ve become more willing to invest in fertilizers and equipment. Still, many complain that farming communities “continue to suffer the most.”

    Most farmers believe they need “tools they can use immediately rather than expensive machines.” Some argue that in the long run, “meaningful production improvements will only happen when farmers can work independently as individuals, not as state entities.”

    North Korea has consistently prioritized boosting agricultural output since 2022, making rural prosperity a key state objective. However, the gap between official rhetoric and ground-level reality remains wide, with farmers facing ongoing challenges from inefficient production methods and systemic constraints.

    Read in Korean



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Octopus Energy issues £93 update to customers with a Direct Debit

    Commodities

    Do these three things for more energy throughout the day

    Commodities

    Farmland prices fall 5% as confidence wanes

    Commodities

    UK households can get £255 energy bill refund thanks to two-month rule

    Commodities

    7 sun-powered innovations leading the next-gen energy shift

    Commodities

    Millions of households could get £255 energy bill refund by checking two-month rule

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Property

    Independent cattle producers gather in Deadwood for 2025 R-CALF USA convention

    Cryptocurrency

    Cryptocurrency and Exchange Control: The legal implications of Standard Bank of South Africa v South African Reserve Bank and others

    Stock Market

    Intuit Unveils More AI Tools, PayPal Integrates With ChatGPT, Google Chrome Under Fire

    Editors Picks

    Affordable credit, fintech key to deepening inclusion, says EFInA

    August 26, 2025

    Les technologies sont là, place aux applications [Time to Change] 

    March 28, 2025

    SBP to Legalize Digital Currencies Under New Bill 2025

    September 3, 2025

    These buy-rated ASX dividend shares offer 5% to 8% yields

    February 24, 2025
    What's Hot

    1 Top Cryptocurrency to Buy Before It Soars 3,536%, According to ARK Invest’s Cathie Wood

    August 29, 2025

    Top Suffolk farmers among the line-up at REAP conference

    October 31, 2025

    Haïti – Éliminatoires Mondial 2026 et Gold Cup 2025 : Pré-liste des Grenadiers et Calendrier

    May 12, 2025
    Our Picks

    The Commodities Feed: Oil holds decline after Fed rate cut | articles

    September 18, 2025

    Heed This Warning Before Investing in Precious Metals

    August 12, 2024

    Nanjing Public Utilities Development Co. annonce ses résultats pour l’exercice clos le 31 décembre 2024

    April 10, 2025
    Weekly Top

    What’s Changed and How Your Retirement Savings Are Affected

    January 10, 2026

    After Gold And Silver, Is Copper The Next Bet? Can Retail Investors Invest? | Savings and Investments News

    January 9, 2026

    Key Definition and Investor Roles

    January 9, 2026
    Editor's Pick

    Renewable energy project approvals hit record high in GB in 2025, data shows | Energy industry

    December 30, 2025

    “So metal”: Headless Marie Antoinette steals the show at Paris Olympics opening ceremony

    July 26, 2024

    Former Liverpool defender announces retirement

    October 10, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.