Jeongeup-si Provides Feed Purchase Policy Funds Support for Livestock Farmers

Published 18 Jul.2024 10:04(KST)

Jeongeup City in Jeollabuk-do will provide policy funds for feed purchases in the second half of the year to alleviate the financial burden on livestock farmers who are struggling due to soaring feed prices and falling livestock product prices.

According to the city on the 18th, this support will be provided to farms that participated in the second half demand survey, excluding those allocated feed funds in the first half.

Jeongeup-si, Jeollabuk-do, will provide policy funds for feed purchase in the second half of the year to reduce the financial burden on livestock farmers.
[Photo by Jeongeup-si]

The city allocated 54.5 billion KRW to farms in the first half of this year, and the loan amount available for allocation to farms in the second half is 11.2 billion KRW.

The application period for feed purchase funds in the second half is until the 2nd of next month, and applications can be submitted at the town, township, or neighborhood offices where the business is located.

The support targets are livestock farms and corporations with livestock business permits or registrations, and the supported livestock species include Hanwoo cattle, dairy, swine, poultry, ducks, deer, horses, goats (including mountain goats), and honeybees.

The city plans to review the number of animals raised, outstanding loan balances, and support limits, then allocate and notify individual loan amounts by the 16th of next month.

Livestock farmers must execute the loan through agricultural or livestock cooperatives by October 10th, and failure to execute the loan within the deadline may result in cancellation of the loan.

Mayor Lee Hak-su said, “We are actively providing loan support to reduce the financial burden on livestock farmers in the second half as well,” adding, “We hope this feed purchase policy fund support will greatly help farms secure stable feed and stabilize management.”