Support Funds for Farms Damaged by Heavy Rainfall to Triple... Full Coverage of Replanting Costs Provided

Plan to Increase and Expand Support Funds for Agricultural and Livestock Damage
Subsidy for Restocking Costs Due to Livestock Deaths Increased from 50% to 100%
Support Also Provided for Damage to Production Equipment Such as Agricultural Machinery
Special Consolation Payment Up to 5.2 Million Won

The government has decided to significantly expand support for agricultural and livestock farms damaged by the heavy rains that occurred in June and July this year. It will fully cover the costs of replanting crops and restocking livestock lost due to death, and for the first time, provide support for damages to production facilities such as agricultural machinery.

The Ministry of Agriculture, Food and Rural Affairs announced the "Plan to Increase and Expand Support Funds for Agricultural and Livestock Damage" containing these details on the 23rd.

Jung Hwang-geun, Minister of Agriculture, Food and Rural Affairs, stated, "In cases where crop damage is severe or livestock have died, we plan to provide support at about three times the current level compared to existing support funds, including replanting and restocking costs as well as special consolation payments. We will also expand disaster response infrastructure for agricultural production facilities to fundamentally respond to frequent extreme heavy rains."

Jeong Hwang-geun, Minister of Agriculture, Food and Rural Affairs. (File photo)

This expansion plan will be applied temporarily to damages caused by the heavy rains in June and July this year. However, the ministry will also apply this plan to farms affected by Typhoon 'Khanun' in August, whose damages are still being assessed.

First, the government will raise the subsidy rate for "replanting costs, seed costs, and seedling costs," which support replanting crops, from the existing 50% to 100%. Additionally, for 10 items such as watermelon and melon, whose standard unit prices for replanting costs are less than 60% of the actual sowing costs, support will be increased to the actual transaction price level. Costs for restocking young livestock lost due to death, which were previously subsidized at 50%, will now be fully supported.

The scope of support funds now includes damages to production facilities installed in essential agricultural machinery and facilities. This is the first time such support is provided for natural disaster damages. A subsidy rate of 35%, the same as that for agricultural and fishery facility restoration support, will be applied based on the residual value of agricultural machinery or production facilities, with support up to a maximum of 50 million KRW. To compensate for income gaps caused by the heavy rains, special consolation payments of up to 5.2 million KRW will be provided according to the type and scale of crop farming.

In addition to expanding support funds, the government will pay strategic crop direct payments even if cultivation cannot continue due to flood damage for strategic crops encouraged to increase food self-sufficiency, such as rice beans.

To respond to climate change and expand disaster response infrastructure for agricultural production facilities, measures such as expanding drainage facilities in frequently flooded areas, increasing reservoir dredging, and improving farming infrastructure linked to river maintenance will also be promoted.

The government will finalize the announced support standards through deliberation at the Central Disaster and Safety Countermeasures Headquarters meeting along with the flood damage recovery plan. Subsequently, it will allocate the necessary funds using disaster countermeasure budgets from the Ministry of the Interior and Safety, and after completing required procedures such as verifying victims' account numbers by city, county, and district, it plans to disburse support funds within September.

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