Jeonnam Province extends application deadline for inorganic fertilizer price support program until the 15th.

Apply at the local agricultural cooperative…Subsidy for price increase up to 80% Jeonnam Province has announced that it is extending the application deadline for the "Inorganic Fertilizer Price Subsidy Support Program" until the 15th to reduce the operating costs burden on farmers due to the rise in inorganic fertilizer prices. The initial application deadline was last month 30th, but it was extended due to unavoidable reasons such as delays in purchasing fertilizer due to farming schedules. The Inorganic Fertilizer Price Subsidy Support Program, which began in 2022, aims to reduce the production and operating costs for farms by selling inorganic fertilizers at a discount of up to 80% of the price increase, with the government, local governments, and agricultural cooperatives sharing the subsequent costs. The support limit will be calculated based on the average fertilizer purchase amount over the past two years. There is no separate application procedure; farmers using inorganic ...