Gyeonggi Region AI Culling Farms Granted 2-Year Extension on Policy Loan Repayment Period

Gyeonggi Province announced on the 6th that it will extend the repayment period for livestock policy funds by 2 years and waive interest for that period to support the management stability of farms affected by avian influenza (AI) culling.

Support targets include farms within Gyeonggi Province that conducted AI culling operations (including preventive culling) and livestock farms subject to movement restrictions within the surveillance zone (a 10-kilometer radius from affected farms).

Applicable funds include all loans provided through the livestock development fund, agricultural and livestock management funds, special feed purchase funds, emergency management stabilization funds, comprehensive agricultural funds and comprehensive livestock management funds, and livestock facility modernization funds.

The support is provided in the following manner: for livestock policy funds whose repayment period is due within one year from the date movement restrictions are imposed by the mayor or county governor, the repayment period will be extended by 2 years from the due date, and interest for that period will be waived. However, special feed purchase funds will be extended for only 1 year (with interest waiver included).

For application, farms must obtain confirmation documents through their relevant city or county office certifying that they are livestock farms subject to movement restrictions, and then submit a repayment period extension application to the bank that issued the loan.

For more details, farms can contact the Gyeonggi Province Livestock Policy Division (031-8030-3422) or the livestock department of the relevant city or county.

Meanwhile, the province decided on January 11th to provide emergency support of "special management stabilization funds of 10 billion won" to small and medium-sized enterprises and small business owners in Gyeonggi Province that were affected by AI outbreaks.