Jeonnam Province to Provide 57 Billion Won in Rice Farming Stabilization Funds... Largest Amount Nationwide

Payment Per Hectare Also Tops the Nation at 650,000 Won

A view of the pear cultivation complex in Jeonnam region. Provided by Jeonnam Province

Jeonnam Province announced that it will provide 57 billion won (22.8 billion won from the province and 34.2 billion won from cities and counties) as the "Jeonnam Province Rice Farming Management Stabilization Fund" to support rice farmers' management stability amid falling rice prices and frequent disasters.

The 57 billion won allocated by Jeonnam is the highest in the country, about twice as much as Gyeongnam, which is in second place with 30 billion won. Gyeongbuk ranks third with 16.2 billion won, Jeonbuk fourth with 12 billion won, and Chungbuk fifth with 2.6 billion won.

In terms of payment per hectare, Jeonnam also leads the nation, providing an average of 650,000 won per hectare. Gyeongbuk provides 200,000 won, Gyeongnam 150,000 won, Jeonbuk 130,000 won, and Chungbuk 90,000 won per hectare.

The recipients are 116,000 farming households who reside in Jeonnam and directly cultivate at least 1,000 square meters (0.1 ha) of rice in local farmland. The payment limit is 2 hectares per household.

Jeong Gwanghyun, Director of Agriculture, Livestock and Food in Jeonnam Province, said, "We hope this will help stabilize the management of rice farmers struggling with falling rice prices," adding, "In the future, we will expand support for advanced agricultural machinery and other resources to reduce production costs by scaling and clustering rice cultivation by field."

Jeonnam Province was the first in the country to introduce the Rice Farming Management Stabilization Fund support system in 2001, and has provided a total of 1.083 trillion won over 23 years through 2023.

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