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

Published 2022년 10월 31일

Tridge summary

Chungcheongnam-do in South Korea has allocated a supplementary budget of 5 billion won to provide subsidies to farmers who engage in double-cropping. The subsidy will reach up to 3.5 million won per hectare, with an additional 2.5 million won expected from the strategic crop direct payment system. The subsidy will be given for crops such as wheat, forage, soybean, and flour rice, cultivated from October to June the following year. The goal is to increase the double-cropped area in Chungnam from the current 2.6% to 15% by 2026, aiming to strengthen food security, stabilize rice supply and demand, and increase farm household income.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

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