Suncheon City Implements 'Farmer Salary System' to Resolve Income Disparity

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City (Mayor Heo Seok) announced on the 23rd that it will implement the ‘Farmer Salary System Support Project’ to ensure stable livelihoods for farmers.

Since most farmers' income is concentrated in the autumn season, they cover spring farming preparation funds, children's tuition fees, and living expenses through loans, and repay the loans after the purchase price is settled.

Accordingly, Suncheon City is implementing the Farmer Salary System (advance payment for rice shipment) to allow farmers to secure funds when needed, aiming to resolve the income concentration issue among farmers.

This project has been promoted since 2013 through a business agreement between Suncheon City and Suncheon Nonghyup.

When farmers contract with Suncheon Nonghyup for rice purchase, 60% of the purchase price is paid monthly in advance by Nonghyup, and Suncheon City supports the interest to Nonghyup. So far, 211 farms have benefited from this program.

Especially from this year, the maximum monthly payment has been increased from the original 2 million KRW to 2.5 million KRW to provide practical help for farm management.

Farmers wishing to participate in the project must visit Suncheon Nonghyup by the end of this month to sign the purchase contract and submit an application. Monthly payments will be made for up to 8 months starting next month.

A Suncheon City official stated, “The Farmer Salary System project has been a great help to farmers' stable livelihoods, and we will continue to steadily promote various policies to improve farmers' welfare.”

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