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Act on Preserving Agricultural Income.

Country/Territory
Korea, Republic of
Document type
Legislation
Date
2013 (2017)
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Farming Agricultural development Financial agricultural measures Subsidy/incentive Rural employment
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Abstract

The purpose of this Act is to prescribe matters concerning the implementation of the direct payment system for agricultural income preservation aimed at stabilizing the incomes of farmers, etc., and matters concerning the establishment, operation, etc. of the direct payment fund for agricultural incomes preservation for securing financial resources necessary for such implementation. In particular, the Minister of Agriculture, Food and Rural Affairs shall comprehensively establish and implement policies concerning a system for granting income subsidies to farmers to stabilize their incomes. The text consists of 15 articles.

Full text
English
Website
elaw.klri.re.kr