The Ministry of Agriculture, Food and Rural Affairs encourages the enrollment of agricultural income stabilization insurance in Muan, the main production area for onions.

Published 2025년 10월 17일

Tridge summary

[Korean Farmers' News Agency, Reporter Go Seong-jin] The Ministry of Agriculture, Food and Rural Affairs visited Muan, Jeonnam, a major onion production area, to encourage enrollment in the Agricultural Income Stabilization Insurance. The Agricultural Income Stabilization Insurance is a system that compensates for the full amount of income reduction in the insurance enrollment year if income decreases below a certain level compared to the past average income due to reduced yield and market price drop caused by natural disasters, fires, etc. After being piloted in 2015, it has been expanded nationwide this year. The target items total 15, with 9 items including soybeans, garlic, onions, and barley being nationwide, and 6 items including rice, spring potatoes, and autumn cabbage being piloted in some major production areas.

Original content

The Ministry of Agriculture, Food and Rural Affairs visited Muan, South Jeolla Province, a major onion production area, to encourage enrollment in the Agricultural Income Stabilization Insurance. The Agricultural Income Stabilization Insurance is a system that compensates for the entire decrease in income for the insured year if the income decreases below a certain level of the past average income due to a decrease in yield and market price decline caused by natural disasters, fires, etc. Since its pilot operation in 2015, it has been expanded nationwide this year. The target items are a total of 15, with 9 items including soybeans, garlic, onions, and barley nationwide, and 6 items including rice, spring potatoes, and autumn napa cabbages being piloted in some major production areas. Of the 18 products of the 15 items, 12 products have been sold so far, and 6 products including onions, garlic, and barley are scheduled to be sold between October and November. On the 16th, Park ...
Source: Agrinet

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