South Korea: Rice planthopper disaster recovery funds payment in November

The government recognizes rice planthopper damage as an agricultural disaster and pays disaster recovery expenses. The Ministry of Agriculture, Food and Rural Affairs recently held the ‘Agricultural Disaster Countermeasure Deliberation Committee’ at the Sejong Government Complex and made this decision. Local governments will receive damage status reports by the 21st and disaster recovery expenses such as green onions and pesticides will be paid out within November. Green onions and pesticides will be paid differentially according to the damage rate. Farmers with a damage rate of 80% or more will receive KRW 3.52 million per 1ha (3,000 pyeong) in green onions (50% subsidy, 30% loan, 20% self-payment). Farmers with a damage rate of 30% or more but less than 80% will receive KRW 790,000 per 1ha in pesticides (100% subsidy). If you have subscribed to crop disaster insurance (pest control special contract), you will receive insurance money but will not receive green onions. However, if ...