Jeonnam Province "Apply for Rice Management Stabilization Fund"

Until the 25th... 650,000 KRW per ha, the largest scale nationwide

Jeonnam Province is accepting applications for the payment of the "Management Stabilization Fund" for rice farming households until the 25th. The photo shows a rice harvesting scene. [Photo by Jeonnam Province]

On the 6th, Jeonnam Province announced that it will accept applications for the 'Rice Management Stabilization Fund' until the 25th of this month.

The Rice Management Stabilization Fund is intended to support the management stability of farmers facing difficulties due to falling rice prices and disasters. Eligible applicants are farmers residing in Jeonnam who directly cultivate rice on 1,000㎡ (0.1ha) or more in the region. The payment limit is up to 2ha per farm.

Applications can be submitted at the administrative welfare centers in the applicant's town, township, or neighborhood. The support funds will be paid in the form of direct payments in December after reviewing eligibility.

The scale of support in Jeonnam is the largest nationwide, amounting to approximately 57 billion KRW. Last year, the payments by province were 30 billion KRW in Gyeongnam, 16.2 billion KRW in Gyeongbuk, 12 billion KRW in Jeonbuk, and 2.6 billion KRW in Chungbuk.

The payment per hectare is also high at an average of 650,000 KRW, compared to 200,000 KRW in Gyeongbuk, 150,000 KRW in Gyeongnam, 130,000 KRW in Jeonbuk, and 90,000 KRW in Chungbuk.

Jeong Gwang-hyun, Director of the Agriculture, Livestock and Food Bureau of Jeonnam Province, said, “Despite Jeonnam Province's poor financial conditions, the Rice Management Stabilization Fund is supported with the largest budget nationwide every year,” and urged, “All eligible farmers should apply at their local administrative welfare centers without fail.”

Meanwhile, Jeonnam Province introduced the Rice Management Stabilization Fund support system for the first time nationwide in 2001 and has supported a total of 1.083 trillion KRW over 23 years until last year.

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