Gyeongbuk Province Approaches 1 Trillion Won 'Agricultural Budget' Era... Initial Budget Set at 922.6 Billion Won

"Significant Inclusion of Gyeongbuk-type New Deal Projects Leading Rural Changes Before and After COVID-19"

The photo is an aerial view of Sangju City Smart Farm Innovation Valley.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Gyeongsangbuk-do announced on the 5th that it has allocated a budget of 922.6 billion KRW for the agricultural sector this year, an increase of 166.4 billion KRW compared to last year.

This represents a 22% increase from the 756.2 billion KRW budget in 2020. For the first time, the initial budget has surpassed 900 billion KRW, bringing the agricultural budget era closer to 1 trillion KRW.

The main agricultural budget of Gyeongbuk Province for 2021 focuses on creating prosperous rural areas together through expanding digital and green infrastructure, improving rural living conditions, enhancing the agricultural food distribution structure, and establishing a safety net for farm household income.

First, 29.6 billion KRW has been allocated for Gyeongbuk-type New Deal projects to proactively respond to the post-COVID-19 era and to facilitate the early settlement of the integrated new airport. To establish a smart farming and livestock foundation, 10.2 billion KRW will be invested in the Smart Farm Innovation Valley, 8.4 billion KRW in open-field smart agriculture pilot projects, 1.8 billion KRW in smart horticulture complex foundation, 700 million KRW in smart livestock ICT pilot complex construction, and 4.3 billion KRW in the expansion of ICT convergence in the livestock sector.

To maintain and expand the public functions of agriculture, 368.8 billion KRW will be provided, and 14.7 billion KRW will support stable agricultural production activities by addressing the shortage of rural labor.

To create a hopeful and youthful rural area where young people return and the sound of children crying can be heard, 13 billion KRW has been allocated. Notable allocations include 3.5 billion KRW for the return-to-farming and rural settlement support project, 300 million KRW for agricultural high school farming settlement support, 100 million KRW for startup cost support for agricultural high school graduates, 7.5 billion KRW for fostering young farmers' farming settlement, and 300 million KRW for establishing a foundation for young farmers' startups.

A total of 118.9 billion KRW will be invested in creating pleasant and livable rural spaces where culture, environment, education, and welfare are fulfilled. This includes 55.2 billion KRW for rural central area revitalization projects, 42.2 billion KRW for basic living base development, 19.6 billion KRW for the Rural New Vitality Plus project, and 1.9 billion KRW for the young rural settlement project.

To build an innovative agricultural food distribution system and expand sales channels, 46.7 billion KRW will be provided, and 72.2 billion KRW will be allocated to create a safe rural environment against disasters.

Governor Lee Cheol-woo emphasized, "We will discover and promote various new policies and support measures to inject new vitality into agriculture and rural areas struggling due to COVID-19, to ensure fair prices and worry-free sales, and to create prosperous rural communities together."

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