Gwangyang City Provides Loan Support for '2020 Academic Farmers Development'

Up to 200 Million KRW for Farmland Purchase and More, 1% Annual Support... Initiatives to Foster Professional Farmers Underway

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Gwangyang City announced that it will provide low-interest loans to support funds necessary for establishing a farming foundation and stabilizing management for young and talented '2020 Bachelor-level Farmers Development' who will lead future advanced agriculture.

The support targets bachelor-level farmers who reside in the region and are engaged in agriculture, aged 50 or younger, who have graduated from a 2-year or higher college in the fisheries and agriculture field (including those who completed more than 2 years of college courses but dropped out) or graduated from a 2-year or higher college in a non-fisheries and agriculture field and have been engaged in farming for more than 2 years.

Bachelor-level farmers will be provided with loans up to 200 million KRW for costs such as land purchase, facility greenhouses, mushroom cultivation houses, and orchard establishment (1% annual interest rate, 3-year grace period, 10-year installment repayment).

Lee Sam-sik, Director of Agricultural Support Division, said, "Through this low-interest management fund loan support, we will nurture young and promising farmers who will lead Gwangyang City's future technological agriculture and help them settle in farming," adding, "We hope for active participation from innovative talents."

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