Jeonnam Province Puts Full Effort into Comprehensive Coverage from Disasters to Agricultural Work Accidents

152.2 Billion KRW Invested in Four Types of Policy Insurance Including Crop Disaster Insurance

Jeonnam Province announced on the 3rd that it will invest 152.2 billion KRW (76.1 billion KRW national funds, 57.4 billion KRW local funds, 18.7 billion KRW self-pay) in four types of policy insurance, including crop disaster insurance, to protect the lives and property of farmers from disasters such as typhoons. This project is a response to the normalization and intensification of disasters due to climate change.

In fact, this year, there were five disasters including ▲low temperatures in March-April ▲hail in June ▲extreme heavy rain in June-July ▲typhoons and heatwaves in August, causing damage to crops (31,569 ha) and livestock deaths (74,000 heads).

The policy insurances include ▲crop disaster insurance, which subsidizes 90% of the premium ▲farmers' safety insurance, which supports 80% ▲comprehensive agricultural machinery insurance ▲and livestock disaster insurance.

'Crop disaster insurance' is a product that pays insurance benefits when crops suffer disaster damage. The coverage includes 70 items, with 90% of the premium subsidized and 10% self-paid. This year, 117 billion KRW will be invested targeting 123,000 people.

'Farmers' safety insurance' is a product that covers farmers from death, injury, to illness during agricultural work. Farmers registered with agricultural management entities can enroll anytime throughout the year by visiting the local agricultural cooperative. This year, 15 billion KRW (3 billion KRW self-pay) will be used.

'Comprehensive agricultural machinery insurance' covers various accidents occurring during the use of agricultural machinery, with eligible machinery including seven types such as tillers, tractors, and rice transplanters. This year, the project budget is 10.2 billion KRW (2 billion KRW self-pay).

Livestock disaster insurance pays insurance benefits when livestock die due to typhoons, heavy rain, heatwaves, etc. This year, 10 billion KRW will be provided to 2,500 farms.

Farmers wishing to enroll in agricultural policy insurance can fill out an application form and submit it to the local agricultural cooperative.

Kang Hyo-seok, Director of the Agriculture, Livestock and Food Bureau of Jeonnam Province, said, “To protect farmers and the agricultural foundation from various disasters, we provide comprehensive coverage from human accidents during farm work to damage to crops, facilities, and livestock. We will expand support for policy insurance enrollment so that farmers can engage in farming with peace of mind.”

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