Muju-gun Lowers Farmer Burden Rate for Crop Disaster Insurance to 5%

Expectations for Reduced Burden on Farmers

[Muju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Muju County announced on the 3rd that it has decided to reduce the farmers' burden rate for crop disaster insurance from the previous 10% to 5%.

According to Muju County, the scale of the crop disaster insurance farmers' burden support project in Muju County this year is about 1,000 farms and approximately 2.9 billion won. Applications are accepted year-round at local agricultural cooperatives and settled in December.

The scope of disasters and coverage levels (60~90%) vary depending on agricultural facilities, facility crops, and items.

Muju County plans to increase the county's burden rate from the existing 20% to 25% this year and reduce the farmers' burden rate from 10% to 5%.

Accordingly, it is expected to help farmers subscribe to insurance without burden and focus on farming without worry.

Meanwhile, the number of farms in Muju County that subscribed to crop disaster insurance last year was 2,298 households, of which 1,030 farms (619ha) suffered damage due to cold damage and heavy rain, receiving compensation of 3.45 billion won.

Muju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

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