Sancheong-gun to Distribute 12.5 Billion KRW in 2021 Basic Public Interest Direct Payments
Targeting 7,500 Farms Covering 5,619ha
Scenic view of Mundae Grain Comprehensive Processing Plant [Image source=Sancheong-gun]
View original image[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam Province announced on the 1st that it will pay 12.5 billion KRW in direct payments through the second implementation of the ‘2021 Basic Public Interest Direct Payment Project’ this year.
The basic public interest direct payment recipients this year are about 7,500 verified farms covering 5,619 hectares.
There are about 3,900 small-scale direct payment recipients who have less than 0.5 hectares of eligible area and meet certain conditions, receiving 1.2 million KRW per farm regardless of area. About 3,800 recipients receive area-based direct payments depending on their land size.
Sancheong-gun plans to pay the farms sequentially after administrative procedures such as verifying payment accounts by town and listening to opinions from farms subject to reductions due to violations of compliance requirements.
An official from the county said, “We will strive to make early payments of the basic public interest direct payments to help stabilize the management of farmers who are facing difficulties due to COVID-19 and other factors.”
Hot Picks Today
"It Has Finally Crossed Borders"... Greater Fear Due to Delayed Detection, No Treatment for Variant Ebola [Reading Science]
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Meanwhile, the Basic Public Interest Direct Payment Project is conducted to promote the public functions of agriculture and rural areas such as environmental conservation, rural maintenance, and food safety through agricultural activities, and to stabilize farmers’ income. Since last year, rice direct payments, fixed field direct payments, and conditionally disadvantaged direct payments have been integrated into the ‘Basic Public Interest Direct Payment’.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.