Jeollanam-do, Hanwoo Farmers Feed Purchase Fund Repayment Period Extended by 1 Year

Published Mar 11, 2025

Tridge summary

South Korea's Jeollanam-do region has announced an extension of the repayment period for feed purchase funds for Korean and beef cattle farms by one year, for those with maturing loans in 2023. Farmers can apply for this extension by December 31. Additionally, the region offers a 1.8% interest rate loan with a two-year grace period for new feed purchases and repayment of existing credits, and has supported feed purchase funds amounting to KRW 285.1 billion for 2023 and 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In order to ease the burden of livestock farm management, Jeollanam-do will extend the repayment period for feed purchase funds that mature this year for one year for Korean and beef cattle farms. The target of the extension of the repayment period for feed purchase funds is Korean and beef cattle farms that use feed purchase funds in 2023, when the loan repayment period is due this year. Farmers who wish to extend the repayment period can submit a confirmation of repayment grace period project recipients to the relevant city or county by December 31. Meanwhile, Jeollanam-do is supporting a 1.8% interest rate, 2-year grace period, lump-sum repayment loan for new feed ...

Source: Agrinet