Yeonggwang-gun to Enroll in 'Rice Crop Disaster Insurance' Starting from the 11th
[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 8th that from the 11th of this month to the 26th of next month, farmers can subscribe to the 'Rice Crop Disaster Insurance' through local agricultural cooperatives.
The rice crop disaster insurance covers damages caused by natural disasters such as typhoons, strong winds, and heavy rains, as well as damage from birds and beasts, and fires.
Additionally, through special contracts, it broadly covers diseases and pests such as rice blast disease, rice planthoppers, and brown stink bugs.
Since 2017, the county has expanded the insurance premium support rate to 90% and reduced the farmers' self-pay to 10% to lessen the burden of insurance subscription and allow more farmers to benefit.
The county is also promoting a crop disaster insurance support project.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
A county official stated, "If natural disasters come without warning and cannot be avoided, farmers should prepare by subscribing to crop disaster insurance," and added, "We hope many farmers will subscribe to crop disaster insurance."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.