Sequential Payments Starting Mid-December
Yeonggwang-gun, Jeollanam-do has decided to provide an additional 2 billion KRW in special rice management stabilization funds.
According to the county on the 21st, this rice management stabilization fund was promoted to support farmers suffering from double hardships due to reduced rice production caused by abnormal weather and an unusual drop in rice prices.
Yeonggwang-gun has decided to provide an additional 2 billion won in special rice management stabilization funds. Photo by Yeonggwang-gun
The county, together with Jeollanam-do, has been providing 3 billion KRW annually for rice management stabilization measures. Despite financial difficulties due to a reduction in local allocation tax this year, the county decided to invest an additional 1.2 billion KRW of county funds to stabilize the income of rice farmers, supporting a total of 4.2 billion KRW, and will separately provide 2 billion KRW in special support.
The support targets farmers who continuously reside in the county as of 2024 and directly cultivate rice. Exceptionally, farmland participating in paddy crop diversification and rice cultivation area reduction agreements to reduce rice production will also be supported.
The support amount is 750,000 KRW per hectare for rice management stabilization funds plus an additional 360,000 KRW for special management stabilization funds, totaling 1,110,000 KRW per hectare. Each farm can receive up to 2 hectares, amounting to a maximum of 2,220,000 KRW.
A county official said, “We hope this special management stabilization fund support will provide some relief to rice farmers who have struggled due to falling rice prices and pest outbreaks.”
Meanwhile, the rice management stabilization funds are expected to be paid sequentially after mid-next month.
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