Seoul City-NongHyup, Up to 6 Million Won Support for Agricultural Machinery Purchase

This Year's First Project ... 30% Subsidy for Each Type per Seoul Farm Household

[Asia Economy Reporter Jo In-kyung] When agricultural workers in the Seoul area purchase agricultural machinery such as agricultural tillers and agricultural sprayers, Seoul City and NongHyup provide up to 6 million KRW per farm for machinery purchase costs.

Seoul City announced on the 26th that, to alleviate difficulties caused by the aging agricultural workforce and labor shortages and to increase farm productivity and income, it will support the purchase costs of about 30 agricultural machines annually starting this year.

This project is a collaborative effort between Seoul City and the Seoul Regional Headquarters of NongHyup, with each covering half of 60% of the agricultural machinery purchase cost. However, if the applying farmer is a non-member of NongHyup, only Seoul City's support is available.

Support is provided to registered agricultural operators who reside in Seoul and have cultivated farmland located in Seoul for more than one year, limited to one type of machinery (including attachments) per farm. If the purchased machinery exceeds the support amount, the applicant farm must cover the difference.

Applications will be accepted from the 4th to the 29th of next month, and applicants will be selected through a support recipient selection committee considering residence history within the jurisdiction, farming experience and scale, and eco-friendly certification farms.

Selected farmers notified in mid-June must purchase and receive agricultural machinery registered with the Korea Agricultural Machinery Industry Cooperative and certified for quality, then apply for the subsidy with supporting documents. Farms that have received subsidy benefits once will be excluded from review for three years.

Kim Ui-seung, Director of Seoul City's Economic Policy Office, said, "We hope this practical support will help farms struggling with the aging agricultural workforce and labor shortages to increase productivity. As this is the first year of the project, we will carefully monitor and operate it to ensure effective support."

For more details, contact the Urban Agriculture Support Team of Seoul City's Urban Agriculture Division (02-2133-5346), the Seoul Regional Headquarters of NongHyup, or local NongHyup branches.

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