Yoon: "Agricultural Direct Payments Will Be Expanded to 5 Trillion Won Within My Term"

Attended 'Farmers' Day Ceremony' Emphasizing Future Growth and Industrialization of Agriculture
Yoon "Doing Our Best to Stabilize Farmers' Income... More Support for Budget Expansion"
Will Promote Agricultural Technology on Overseas Trips... "Actively Pioneering New Markets"

President Yoon Suk-yeol announced on the 10th, "We will expand agricultural direct payments to 5 trillion won during my term to stabilize farmers' incomes." This is a government subsidy program provided to farmers who meet certain conditions, and it was a key agricultural policy pledged by President Yoon during his presidential campaign.

On the same day, President Yoon attended the '28th Agricultural Day Commemoration Ceremony' held at Seohu Lawn Square in Suwon, where he emphasized the future industrialization of agriculture using advanced technologies.

President Yoon Suk-yeol is delivering a congratulatory speech at the 28th Farmers' Day ceremony held on the afternoon of the 10th at Seohu Lawn Square in Paldal-gu, Suwon, Gyeonggi Province.
[Photo by Yonhap News]

This event was organized to inform the entire nation that agriculture is the foundation of the national economy and to encourage the efforts of 2.2 million farmers who are responsible for the nation's dining tables. In his congratulatory speech, President Yoon evaluated that the government has done its best to stabilize farmers' incomes by restoring rice prices to around 200,000 won per 80kg as promised, and by expanding disaster recovery funds for the recent heavy rain damage to three times the previous amount.

He also emphasized, "For the future of agriculture, the Ministry of Agriculture, Food and Rural Affairs' budget for next year will be expanded by 5.6% from this year to 18.3 trillion won, enabling more than 500 billion won additional support compared to this year for fostering young farmers, export support, and smart agriculture."

He then promised, "To stabilize farmers' incomes, we will expand agricultural direct payments to 5 trillion won during my term, and on every overseas trip, we will promote our agricultural products and technologies abroad and actively pioneer new markets." He instructed related ministries and agencies to do their utmost to support the transformation of Korean agriculture into a high-income industry based on advanced mechanical engineering such as IT and AI, so that young people can innovate agriculture across generations.

At the subsequent government awards ceremony, President Yoon presented awards including the Gold Tower Industrial Medal to eight individuals, including Jeon Dae-gyeong, CEO of Midu Young Agricultural Cooperative Corporation (age 52, Pyeongtaek, Gyeonggi), for their contributions to Korea's food security. During the event, farmers proposed to President Yoon that they become the 'No. 1 Supporter of Agriculture and Rural Communities Together.' President Yoon accepted this and promised to be a strong supporter.

Meanwhile, the ceremony was attended by on-site farmers, presidents of about ten farmers' organizations, young and female farmers, local agricultural cooperatives, agricultural students, corporate and consumer representatives. From the government, Minister of Agriculture, Food and Rural Affairs Jeong Hwang-geun and Chairman of the Local Era Committee Woo Dong-gi attended; from local governments, Gyeonggi Province Governor Kim Dong-yeon was present; and from the National Assembly, People Power Party members Lee Dal-gon, Park Deok-heum, Song Seok-jun, and Democratic Party member So Byung-hoon were in attendance.

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