Yongin City Selects 22 Young Startup Farmers and Successor Farmers for Farming Settlement Support

[Suwon Ilbo=Reporter Park No-hun] Yongin City announced on the 4th that it has selected 22 recipients for management improvement funds and farming settlement support to help promising young farmers establish stable livelihoods in agriculture for the future.

The recipients consist of 14 young startup farmers aged 18 to under 40 with three years or less of farming experience, and 8 successor farm operators aged 18 to under 50 with ten years or less of farming experience. They were finalized after submitting applications in January and undergoing written and interview evaluations.

The city will provide them with management improvement financing of up to 300 million won (2% annual interest, 5-year grace period, 10-year repayment) for farmland purchases and farm facility installation.

Additionally, farming settlement support funds will be provided to young startup farmers whose income is unstable in the early stages of farming for up to three years to support farm management and living expenses.

Depending on the farming period, 1 million won per month will be provided in the first year of independent management, 900,000 won in the second year, and 800,000 won in the third year. Farmland leasing, farming technology education, and management consulting will also be provided concurrently.

A city official said, "We will spare no effort in supporting young farmers to settle stably, breathe new vitality into rural areas, and grow as key leaders contributing to local agricultural development."