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