Yeongyang-gun, 2023 Red Chili Pepper Purchase Program Implemented

Yeongyang-gun, Gyeongbuk Province, will conduct the purchase of 2023 red chili peppers through the Yeongyang Chili Distribution Corporation from the 10th to September 27th.

Yeongyang-gun has been conducting the purchase of 2023 red chili peppers since the 10th.

This year's purchase plan targets 1,119 farming households that have signed shipment agreements, with a total of 4,743 tons. The red chili purchase project not only supports prices at production sites but also helps reduce production costs and alleviate labor shortages in the era of high oil prices, receiving great support from chili pepper farmers in Yeongyang-gun.

The purchase price of chili peppers is determined by the board of directors of the Yeongyang Chili Distribution Corporation, referencing auction prices of dried and red chili peppers at public wholesale markets in Seoul, Daegu, and nearby Seoeandong Nonghyup Agricultural Products Market. The initial purchase price this year is 3,000 KRW/kg for premium grade and 2,900 KRW/kg for first grade. Prices will be adjusted once a week during the purchase period and will be adjusted as needed in response to sudden market price fluctuations to reflect market conditions as much as possible.

Additionally, contracted farms for red chili purchase will receive incentives and organic fertilizer support based on purchase performance. Incentives of 300 KRW/kg will be given to farms with a purchase rate of 60% or higher, and 100 bags per hectare of organic fertilizer will be provided to farms with a purchase rate of 50% or higher.

County Governor Oh Do-chang stated, “We will actively support the red chili purchase project so that farmers can focus on chili farming without worrying about sales channels.”

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