"Significant Strengthening of Farmland Acquisition Qualification Review"…Legislative Notice of Farmland Act Amendment Bill

[Asia Economy Sejong=Reporter Kim Hyewon] The Ministry of Agriculture, Food and Rural Affairs announced on the 6th that it has publicly notified the amendment of the Enforcement Decree and Enforcement Rules of the Farmland Act, focusing on strengthening the qualification review for farmland acquisition and post-management, on the 3rd, and will collect opinions until the 12th of next month.

The Ministry of Agriculture, Food and Rural Affairs first revamped the agricultural management plan form so that the relevant local governments can thoroughly review the agricultural management intentions of those seeking to acquire farmland. Specifically, items such as farming experience, farming distance, farming start and harvest periods, and farmland acquisition fund procurement plans were added to the form, and a weekend and experiential farming plan form was newly established.

To verify the occupation of farmland acquirers, submission of certification documents such as an agricultural worker confirmation, articles of incorporation of agricultural corporations, and employment certificates was required. A fine of up to 5 million KRW will be imposed if false certification documents are submitted.

In addition, to prevent transactions of farmland illegally converted by owners without restoration, the issuance of farmland acquisition qualification certificates for illegally converted farmland is fundamentally restricted. However, an exception was made to allow issuance of the farmland acquisition qualification certificate if the city, district, town, or township head judges that restoration can be completed within three months according to the plan submitted by the acquirer.

The review subjects of the farmland committees established in each city, district, town, and township were specified as persons seeking to acquire farmland in land transaction permission zones under the Real Estate Transaction Reporting Act, agricultural corporations, and persons acquiring farmland for the first time in areas not adjacent to their residence.

To strengthen post-management of farmland, the scope of farmland that local governments must investigate annually for ownership and usage status was also specified.

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