NH Nonghyup Bank Holds 'Agricultural Finance Consulting Field Meeting'

Visit to 'Teotgol Farm', a laying hen farm in Anseong-si, to hear on-site opinions
Expanding financial and consulting support for young farmers' successful agricultural settlement

On the 11th, Ji Junseop, Vice President of 'Teotgol Farm' located in Anseong-si, Gyeonggi-do (second from the left), and participants of the meeting are observing the egg collection site.

[Asia Economy Reporter Kangwook Cho] NH Nonghyup Bank announced on the 12th that Vice President Jisun Seop of the Agriculture and Public Finance Division and employees visited the laying hen farm 'Teotgol Farm' located in Anseong-si, Gyeonggi-do on the 11th to hold an 'Agricultural Finance Consulting Field Meeting' to listen to on-site opinions regarding the establishment of a farmer-centered loan system and consulting.

Agricultural finance consulting is a specialized service that combines agricultural fund support with financial and management consulting. It quantitatively analyzes and evaluates the management status of agricultural management entities, suggests improvement measures, and supports the sustainable growth of agricultural management entities by linking optimal funds according to the management diagnosis results. This is a unique free service provided exclusively by Nonghyup.

Woo Juseok, the representative of Teotgol Farm, is a successor young farmer who learned laying hen breeding following his father. He applied for agricultural finance consulting to introduce a smart farm at 'Teotgol Farm' and received consulting from Nonghyup Bank consultants on the entire business process, from preparing financial statements to smart farm comprehensive fund loans and administrative permits, and broke ground for the new smart farm at the end of last year.

Representative Woo said, "Nonghyup Bank consultants provide consulting with the mindset that they are farming themselves, from business plan establishment, investment analysis, to management guidance, which is a great help to young farmers who are challenging returning to farming or are unfamiliar with starting a farm."

Nonghyup is expanding agricultural finance consulting support by increasing specialized agricultural finance consultants and conducting practical consulting training for employees of agricultural and livestock cooperatives. Last year, Nonghyup Bank supported 320 consulting cases, and regional agricultural and livestock cooperatives supported 3,681 cases.

Vice President Ji said, "We are expanding financial and consulting support for young farmers, who are the future of agriculture and rural areas, to help them successfully settle in farming," adding, "We will fulfill our social responsibility as the dedicated agricultural finance bank by supporting consulting for more farmers."

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