Gyeongnam Province, Government and Local Governments Support 80% of Wild Plant Disaster Insurance

For Forestry Workers: Five Items Including Tteolkeun Gam, Pyogo, Bam, Daechu, and Omija

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongsangnam-do announced on the 18th that it will intensively promote the subscription to forest product disaster insurance to alleviate the management instability of forestry farms in preparation for natural disasters.

Forest product disaster insurance can be subscribed to by individuals or corporations cultivating forest products.

80% of the insurance premium (50% national subsidy, 30% local subsidy) is supported, and forestry farmers only need to bear 20% of the subscription amount.

The subscription conditions by item are as follows: for astringent persimmons, the minimum subscription unit area is 1000㎡ or more, and the insurance subscription amount is 2 million KRW or more.

For shiitake mushroom single-span and multi-span greenhouses, the complex must be 300㎡ or more, and for chestnuts, jujubes, and omija, the insurance subscription amount is 2 million KRW or more.

Subscriptions can be made seasonally according to the item at local agricultural cooperatives until November.

Forestry workers submit an application form, undergo on-site verification, complete the subscription form, and pay the insurance premium to receive the insurance policy; credit card payment is also available.

The subscription schedule by forest product item is as follows: astringent persimmons can be subscribed from January to March, shiitake mushrooms from February to November, chestnuts and jujubes from April to May throughout Gyeongnam.

However, omija can only be subscribed in November, and in Gyeongnam, insurance subscription is only possible in the Geochang-gun area.

In case of damage, the subscriber reports to the local agricultural cooperative, and NH Nonghyup Property & Casualty Insurance conducts damage assessment and payment procedures to pay the insurance money.

Damage caused by typhoons and hail is covered by the main contract, and damage caused by frostbite in spring and autumn and damage to fruit trees due to heavy rain is covered by special contracts.

Meanwhile, as of the end of last year, the subscription performance by forest product item in Gyeongnam was identified as 1,304 cases covering 987ha for astringent persimmons, 65 cases covering 8ha for shiitake mushrooms, 285 cases covering 856ha for chestnuts, 209 cases covering 62ha for jujubes, and 2 cases for omija, totaling 1,865 cases covering 1,913ha.

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