Gangjin-gun Rice Management Stabilization Fund Special Support Nationwide Up to 4.65 Billion Won

Full Payment Covered by Military Funds on January 8

Gangjin County Office (Photo by Gangjin County)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Gangjin-gun, Jeollanam-do announced on the 8th that it has paid a total of 4.65 billion KRW from the county budget as a rice management stabilization fund, considering the difficulties faced by farmers due to income reduction caused by rice market liberalization and the rise in agricultural material prices.

This rice cultivation management stabilization fund is provided to stabilize the income of rice farmers in addition to the government-supported rice direct payment, based on the "Gangjin-gun Agricultural Management Stabilization Fund Support Ordinance."

It is the largest budget among projects supported by self-secured funds for rice farmers within Jeollanam-do, with a total of 4.65 billion KRW secured.

The payment targets farmers who have their residence in Gangjin-gun and directly cultivate rice or paddy field crops on farmland, supporting from a minimum of 1,000㎡ up to a maximum of 3 hectares.

This year, the target area for the management stabilization fund payment is 8,917 hectares, with a payment rate of 70.2 KRW per square meter, and the support limit area is up to 3 hectares (maximum 2,106,000 KRW), paid to 5,639 rice farming households actually cultivating rice in the region.

In particular, an additional 850 million KRW was secured compared to the previous year, increasing the payment rate by 12.9 KRW per square meter compared to last year, so farmers cultivating more than 3 hectares receive an additional 387,000 KRW per household.

Lee Seung-ok, the mayor of Gangjin-gun, said, "I hope this management stabilization fund support will help rice farmers who are struggling due to agricultural product market liberalization and rising agricultural material prices," and urged, "Farmers themselves should strive to reduce management costs so that Gangjin can lead the future food industry."

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