Damyang-gun Promotes 'Comprehensive Agricultural Machinery Insurance Support Project'

[Asia Economy Honam Reporting Headquarters Reporter Kim Yuk-bong] Damyang-gun, Jeollanam-do (Governor Choi Hyung-sik) announced on the 13th that it will promote the 'Comprehensive Agricultural Machinery Insurance Support Project' to minimize damage caused by agricultural machinery accidents among farmers and ensure stable farming operations ahead of the full-scale farming season.

Eligible applicants are farmers and agricultural corporations aged 19 or older who own any of 12 types of machinery including tractors, combines, cultivators, and riding rice transplanters. Applications can be submitted year-round at nearby regional agricultural cooperatives, and the insurance period is one year.

The comprehensive agricultural machinery insurance provides compensation similar to general automobile insurance by covering damages to agricultural machinery and bodily injury or property damage liability arising during the operation of agricultural machinery.

Last year, 50% of the insurance premium was supported by national funds, but starting this year, to expand enrollment, a portion of the self-payment will be additionally supported by local government funds, covering a total of 80%.

For example, the total insurance premium for one tractor is 532,000 KRW, but the subscriber only needs to pay 20%, which is 106,000 KRW.

In particular, basic livelihood security recipients and lower-income groups receive 100% support for the insurance premium, allowing them to enroll without any self-payment.

Meanwhile, last year, the number of comprehensive agricultural machinery insurance subscriptions in the county was 324, which is only 5% of the total number of major agricultural machinery (cultivators, combines, tractors) owned (5,878 units). However, in the past three years, four people have died and 24 have been injured due to agricultural machinery accidents.

A county official said, “For stable farming activities, we hope that farmers will be sure to enroll in comprehensive agricultural machinery insurance before the farming season, when the accident rate is relatively high, to prepare for unexpected agricultural machinery accidents.”

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