Hamyang-gun, 'Fostering Young and Talented Farmers to Lead Future Agriculture'

'Youth Successor Farmer Farming Settlement Support' and 'Successor Agricultural Manager' Application Now Open

Gyeongnam Hamyang-gun Agricultural Technology Center.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hamyang-gun, Gyeongnam Province, is launching support programs for ‘Successor Agricultural Managers (Loans)’ and ‘Young Successor Farmers’ Settlement Support’ to nurture young and talented farmers who will lead future agriculture.

The ‘Young Successor Farmers’ Settlement Support Project’ provides a differentiated monthly settlement support fund of 900,000 to 1,100,000 KRW for up to three years to young successor farmers whose income is unstable in the early stages of farming.

Eligible applicants are farmers aged 18 to under 40 with less than three years of independent farming experience. Applications can be submitted through the Agricultural Business Information System (Agrix) by 6 p.m. on the 27th.

The ‘Successor Agricultural Managers Development Project’ selects farmers aged 18 to under 50 with less than 10 years of farming experience and supports them with customized funds, education, and consulting. Interested parties should submit their application forms to the Human Resources Development Department at the Hamyang-gun Agricultural Technology Center by the 27th.

In particular, the loan support limit for ‘Successor Agricultural Managers’ has been increased from 300 million KRW to 500 million KRW, the interest rate has been reduced from 2.0% to 1.5%, and the loan repayment period has been extended from 5 years grace period plus 10 years repayment to 5 years grace period plus 20 years repayment to reduce the burden.

A county official said, “Through this project, we hope to discover promising prospective farmers and agricultural managers who will lead agricultural development and nurture them into elite agricultural personnel.”

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