Jeonbuk Province to Provide 12.5 Billion Won in Agricultural Disaster Recovery Funds Before Chuseok
Support for Farms Damaged by Abnormal Low Temperatures in Orchards and Heavy Rainfall
Jeonbuk Province will provide an emergency agricultural disaster recovery fund totaling 12.5 billion won ahead of the Chuseok holiday to support farmers affected by abnormal weather conditions.
According to the province on September 26, this recovery fund has been prepared to swiftly restore damage to crops, livestock, and smart farm facilities caused by abnormal low temperatures in orchards during the spring, strong winds and hail in May, and heavy rainfall in June and July. The initiative also aims to help stabilize farm management.
The support will cover damage to 4,947 hectares of crops (equivalent to 6,900 soccer fields), 62,000 livestock, and 217 pieces of agricultural machinery and facilities. The breakdown of the recovery fund is as follows: 7.2 billion won for abnormal low temperatures in orchards, 400 million won for strong winds and hail in May, 4.2 billion won for heavy rainfall in June, and 700 million won for heavy rainfall in July, totaling 12.5 billion won.
The province will also grant up to a two-year extension on policy fund repayments and interest reductions, totaling 35.6 billion won, for 228 farms with a damage rate of 30% or higher. In addition, 4.9 billion won in additional management loans will be provided to 498 farms.
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Kim Kwan-young, Governor of Jeonbuk Province, stated, "We are providing recovery funds to farmers who suffered direct damage from strong winds, hail, and heavy rainfall before Chuseok. We hope this support will help restore normal operations for affected farms and enable farmers to enjoy a bountiful holiday."
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