Gyeongnam Sancheong-gun Invests 2.5 Billion Won in Agricultural Income Increase Support Project

New Income Crop Development and Support for Small-Scale Farmers

153.2 Billion KRW Focused Investment in Agriculture Sector This Year

Loan-supported vinyl greenhouse complex.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam Province, will invest a total of 2.5 billion KRW in the 2022 Agricultural Income Increase Project, which focuses on stabilizing farmers' management, increasing income, and fostering small-scale farmers.

According to the county on the 28th, the Agricultural Income Increase Project is a program designed to develop new high-income crops to enhance farmers' competitiveness and strengthen the capacity of small-scale farmers to create a foundation for income generation.

This year’s ‘Agricultural Income Increase Project’ is divided into two parts: ▲ Income increase projects centered on developing income crops and supporting small-scale farmers (1.7 billion KRW) ▲ Support projects for agricultural product dryers and low-temperature storage facilities essential for the distribution of high-quality agricultural products (800 million KRW).

The income increase project will implement 235 initiatives with a budget of 1.7 billion KRW, including developing new crops and supporting small-scale and low-income farmers.

It also supports facility projects aimed at improving the quality of agricultural and marine products. In particular, strategic items tailored to the characteristics of each region will be fostered.

Modernization facility projects such as support for low-temperature storage facilities and agricultural product dryers, which are essential infrastructure for fresh agricultural product distribution, will also be promoted.

This year, with a budget of 800 million KRW, the county plans to support about 190 dryers and 140 low-temperature storage units. The support limit is up to 50% of the price (project cost) per unit for both dryers and storage units, with a maximum limit of 5 million KRW.

A county official stated, “The Agricultural Income Increase Project was launched to raise the competitiveness of small-scale farmers and increase the average income of all farming households. We will continue to promote the development of new high-income crops and facility modernization projects.”

Sancheong-gun allocated 153.2 billion KRW, which accounts for 25% of this year’s main budget of 600 billion KRW, to the agriculture, forestry, and marine fisheries sectors. This year’s budget for these sectors increased by 39.1 billion KRW compared to last year.

To enhance competitiveness in agriculture and forestry, the county plans to implement comprehensive agricultural support projects with budgets including 2.5 billion KRW for income increase and dryer support, 7.1 billion KRW for agricultural development fund loan support, 3.6 billion KRW for farmer and fisherman allowances, and 23.2 billion KRW for forest income revitalization.

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