Yeonggwang-gun Launches Full-Scale Implementation of 'Minimum Price Guarantee System for Major Agricultural Products'

[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 1st that from this year, with the full implementation of the Minimum Price Guarantee System for major agricultural products, farmers cultivating chili peppers, onions, and green onions must sign cultivation contracts with local agricultural cooperatives, producer organizations, and towns or townships by the end of this month.

The Minimum Price Guarantee System for major agricultural products provides compensation for the difference between the minimum price of major agricultural products and the wholesale market price when the wholesale market price remains below the minimum production cost for more than 10 consecutive days during the shipment period of the target items.

Eligible applicants are farmers who cultivate more than 1000㎡ of the target crops and have registered their agricultural management information. If the owner of the cultivated land and the actual farming household differ, support will be provided to the actual farming household.

A county official stated, “Support will only be available to farmers who have signed cultivation contracts in the future, so farmers cultivating the eligible crops are urged to sign cultivation contracts within the deadline,” adding, “We will do our best to establish this as a continuous and stable farm management stabilization system.”

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