South Korea: Gyeongsangbuk-do provides emergency restoration costs to hail-damaged farmhouses

(Andong = Yonhap News) Reporter Lee Seung-hyung = Gyeongbuk Province announced on the 15th that it would support emergency restoration expenses to farmhouses that suffered crop damage from recent hailstorms and last spring's cold weather. In order to prevent secondary damage to crops, such as growth and quality deterioration and poor fruit yield, a reserve fund worth KRW 5 billion is urgently organized to provide expenses for purchasing farming materials such as growth promoters, nutrients, and fertilizers. The target area is a total of 25,000 hectares, and the support standard is 200,000 won per hectare. In addition, to stabilize the management of affected farms, it was decided to secure 10 billion won of its own financial resources, the Rural Development Fund, and provide a loan of 5 million won at a 1% low interest rate per farm. During the fall harvest season, it plans to purchase mid- and low-grade apples for processing, which are damaged by hail damage, to prevent price ...