Jeongeup-si to Provide Additional 2 Billion KRW in Direct Payments for Farmers' Income Stability

Jeongeup City in Jeonbuk announced on the 20th that it will provide an additional 2 billion KRW in city-funded direct payments within this month to stabilize the income of farmers facing various adversities, including last year's rice price collapse.

Jeongeup City Hall Exterior View
[Photo by Jeongeup City]

The payment targets are about 12,000 farming households residing in Jeongeup City, and the payments will be made based on the previous year's criteria for the Basic Public Direct Payment.

Farming households eligible for the Small-scale Farmer Direct Payment meeting certain conditions will receive 130,000 KRW per household, while others eligible for the Area Direct Payment will receive 213,000 KRW per hectare.

Support is available for up to 3 hectares, combining paddy and dry fields, with a minimum of 0.1 hectares of farmland within the province.

Additionally, the Basic Public Direct Payment applications received this year will undergo verification of eligible farmland, farmers, and small-scale farmer direct payment requirements, as well as compliance inspections (from June to October). Payments, separated by national, provincial, and city funds, will be made sequentially to qualified farmers from November to January of the following year.

A city official stated, "We hope this additional direct payment will provide some relief to farming households experiencing unprecedented difficulties such as the recent rice price collapse and rising agricultural management costs."

Jeongeup = Kim Jaegil, Honam Reporting Headquarters, Asia Economy baekok@asiae.co.kr

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