Changnyeong-gun, Feed Purchase Policy Fund Loan Applications Accepted

Published 21 Feb.2023 14:23(KST)

Updated 08 Aug.2025 08:43(KST)

2-Year Low-Interest Loan Support at 1.8% Per Annum

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Wook] Changnyeong-gun, Gyeongnam Province, is accepting applications for feed purchase policy funds until the 27th to promote direct feed transactions for livestock farms and alleviate management burdens.

The feed purchase fund is a project that supports policy funds at a low interest rate of 1.8% per annum for two years, allowing farms to purchase feed cheaply through cash transactions instead of expensive credit transactions.

Changnyeong County Office, Gyeongnam.

This year, the priority for feed purchase fund support has been adjusted to strengthen support centered on small and vulnerable farms.

The priorities are ▲support for farms affected by movement restrictions due to the spread of African Swine Fever (1st priority) ▲farms seeking to repay amounts purchased on credit feed (2nd priority - newly established) ▲priority support for full-time farms with small-scale livestock (3rd priority - newly established) ▲and other farms practicing environmental burden reduction, young start-up farmers, and corporate farms. Support has been expanded mainly for small and vulnerable farms under management pressure.

The main details include that farms fined for violating livestock-related laws were previously excluded from feed purchase fund support, but according to the revision of the 'Livestock Infectious Disease Enforcement Rules,' support is possible if enhanced quarantine facilities are installed early. Also, the support limit per farm for farms participating in the cow reduction (fattening support) project has been increased from 600 million KRW to 900 million KRW.

Applications for the first half feed purchase policy funds will be accepted until the 27th, and loans are expected to be executed around March after project selection and loan confirmation.

A county official said, “We will strive to allocate feed purchase funds in a timely manner to stabilize livestock management amid recent feed cost increases and Hanwoo price declines, thereby reducing the burden on livestock farms.”