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South Korea: Chungcheongnam-do to pay 1 million won per hectare of double-cropping farms

Rice
South Korea
Published Oct 31, 2022

Tridge summary

A supplementary budget of 5 billion won, including direct payment of strategic crops, 3.5 million won Farmers who double-crop in the Chungnam area are expected to receive subsidies of up to 3.5 million won per hectare. Chungcheongnam-do recently announced that it will allocate KRW 5 billion (KRW 1.5 billion for provincial expenses, KRW 3.5 billion for city and military expenses) in this year's supplementary budget to support double-cropping farms, and pay 1 million won per hectare of double-cropping farmland. If the Ministry of Agriculture, Food and Rural Affairs receives a direct payment of 2.5 million won per hectare through the strategic crop direct payment system, which is scheduled to be introduced next year, it will receive a total of 3.5 million won in subsidies. According to the direct payment system for strategic crops, if wheat and forage (winter) and soybean/flour rice (summer) are double-cropped in paddy fields, 2.5 million won is paid. If you plant only soybean and powdered rice (summer), you get 1 million won, and if you plant wheat in the winter and general rice in the summer, you get 500,000 won. Chungcheongnam-do explained that the summer crops to receive subsidy are soybeans, corn, potatoes, mung beans, sorghum, oats, and powdered rice, while winter crops include barley, wheat, rye, and forage. If you plant regular rice in the summer, you will not receive a subsidy.

Original content

5 billion won supplementary budget 3.5 million won including direct payment of strategic crops Farmers who double-crop in Chungnam are expected to receive subsidies of up to 3.5 million won per hectare. Chungcheongnam-do recently announced that it will pay 1 million won per hectare of double-cropping farmland by organizing 5 billion won (1.5 billion won for provincial expenses, 3.5 billion won for city and military expenses) in this year's supplementary budget to support double-cropping farms. If the Ministry of Agriculture, Food and Rural Affairs receives a direct payment of 2.5 million won per hectare through the strategic crop direct payment system to be introduced next year, it will receive a total of 3.5 million won in subsidies. According to the direct payment system for strategic crops, if wheat and forage (winter) and soybean/flour rice (summer) are double-cropped in paddy fields, 2.5 million won is paid. If you plant only soybean and powdered rice (summer), you get ...
Source: Nongmin
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