Hwasun-gun to Pay '2019 Rice Price Fluctuation Direct Payment' by the 28th
[Asia Economy Honam Reporting Headquarters Reporter Kim Young-gyun] Hwasun County, Jeollanam-do (Governor Gu Chung-gon) announced on the 26th that it will make a lump-sum payment of the '2019 Rice Price Variation Direct Payment' by the 28th to stabilize the income of rice farming households.
The rice price variation direct payment is a system that compensates up to 85% of the difference when the nationwide average rice price during the harvest season is lower than the government-set 'rice target price.'
With the 2019 harvest season average rice price confirmed at 189,994 KRW per 80kg, the rice price variation direct payment will be 5,480 KRW per 80kg (367,160 KRW per hectare).
The county plans to pay 1.416 billion KRW in 2019 rice price variation direct payments to 4,711 rice farming households.
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For more details, please contact the local eup/myeon administrative welfare center or the Agricultural Policy Division.
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