Hampyeong-gun Eases Financial Strain with Advance Subsidy Payments for Forage Production Farms

[Hampyeong=Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Hampyeong-gun, Jeollanam-do recently announced on the 29th that it has advanced 1.4 billion KRW out of 3.1 billion KRW in subsidies for manufacturing and transportation costs of forage silage to forage-producing farms (organizations) facing financial difficulties due to the prolonged COVID-19 pandemic.

This advance payment was prepared to alleviate farmers' financial difficulties and revitalize the local economy in accordance with the guidelines for the forage silage manufacturing and transportation cost support project and the rapid execution utilization guidelines.

This project is promoted annually by Hampyeong-gun to increase the self-sufficiency rate of forage, which is essential for livestock farming, and to reduce feed production costs.

It is implemented with the aim of activating the production and use of high-quality domestic forage and reducing production costs to strengthen the competitiveness of the livestock industry. The target includes 32 management entities participating in the forage silage manufacturing and transportation cost support project, covering an area of 2,943 hectares, with a goal of producing 52,974 tons of silage.

A county official stated, “Through the forage silage manufacturing and transportation cost support project, we hope to expand the production and use of high-quality domestic forage silage, alleviate farmers' difficulties caused by rising imported forage prices, and that this advance payment will help revitalize the local economy, which has been stagnant due to COVID-19.”

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