In South Korea, farmers who grow strategic crops will receive subsidies starting this year

Published 2023년 1월 5일

Tridge summary

South Korea's Ministry of Agriculture, Food and Rural Affairs has announced the implementation of the 'Strategic Crop Direct Payment System' for 2023 to encourage the cultivation of strategic crops like powdered rice and non-beans. This initiative, a reform and expansion of the existing rice paddy direct payment system, aims to boost domestic grain production dependent on imports. The ministry will accept applications from farms growing these crops, offering subsidies ranging from 500,000 to 4.3 million won per hectare. Additionally, the ministry plans to strengthen support for young farmers by increasing the target of the 'Agricultural Settlement Support Project for Young Successors' from 2,000 to 4,000 and raising the subsidy for farming settlement from 1 million won to 1.1 million won. Other initiatives include a public seasonal labor project, dairy system reform, and the launch of an online agricultural product exchange.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Seoul = Yonhap News) Reporter Shin Seon-mi = The 'Strategic Crop Direct Payment System', which provides subsidies to farmers who grow strategic crops such as powdered rice and non-beans, will be implemented this year. On the 5th, the Ministry of Agriculture, Food and Rural Affairs unveiled the system to be promoted this year in the booklet’This will change from 2023’. The strategic crop direct payment system is an expansion and reform of the existing rice paddy direct payment system, and is introduced to increase domestic production of grains that are highly dependent on imports. According to the implementation of the system, the Ministry of Agriculture, Food and Rural Affairs will accept applications through local governments from next month and provide subsidies of 500,000 to 4.3 million won per ha to farms that grow powdered rice and non-bean instead of rice in paddy fields. The Ministry of Agriculture, Food and Rural Affairs will also strengthen support for young farmers this ...
Source: Yna

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