Praying for a Bountiful Harvest... Sangju City Lends Agricultural Machinery During Sowing and Harvest Seasons

Long-term Lease Project for Mechanized Jusanji Cultivation

Gyeongbuk Sangju City Agricultural Machinery Rental Center.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The Agricultural Technology Center of Sangju City, Gyeongbuk Province, will implement the 2022 Long-term Consistent Mechanization Leasing Project for Major Production Areas.

Started in 2019, the long-term consistent mechanization leasing project for major production areas is a policy aimed at increasing the mechanization rate of field crops to the level of paddy crops.

It was promoted to reduce the burden of purchasing agricultural machinery for farmers and to improve agricultural productivity by purchasing machinery especially for sowing, transplanting, and harvesting periods, where the mechanization rate of field crops is particularly low.

Agricultural machinery is rented to farmer organizations under the condition of paying a fixed rental fee for the available years or the contract period or longer.

Every year, 4% of the agricultural machinery purchase cost is paid as rent during the available years, and after the period expires, the machinery can be returned or purchased at 10% or more of the purchase cost.

The city plans to invest 200 million KRW this year to select one site and plans to expand the project annually.

Priority leasing is available to local agricultural cooperatives, major production area crop groups, agricultural cooperatives, joint sorting associations, and local agricultural cooperatives promoting paddy-to-other crop conversion projects or agricultural work outsourcing.

Applications can be submitted by February 18, and for more details, refer to the project information announced on the city and Agricultural Technology Center websites or contact the Agricultural Machinery Team at the Agricultural Technology Center for guidance.

Jo Inho, Director of the Rural Support Division, said, “We will lease agricultural machinery that is essential in major production areas on a long-term basis to solve labor shortages on farms and reduce the burden of purchasing expensive agricultural machinery. This will reduce agricultural management costs and greatly help increase farm income.”

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