KRW 30.493 billion in disaster recovery funds for farms hit by heat waves, drought and hail — 14,689 farm households, payment planned before Chuseok
Source material is a Korean government announcement (in Korean).
The Ministry of Agriculture, Food and Rural Affairs plans to pay KRW 30.493 billion in disaster recovery funds before the Chuseok holiday to 14,689 farm households damaged by heat waves and drought and by hail and strong winds in 2026. Heat waves and drought damaged 5,887.8 ha of crops nationwide, including ginseng, sweet persimmons, pears and green onions, and hail and strong winds on August 31 in Andong, Yecheon and Uiseong, North Gyeongsang Province (경북 안동·예천·의성), damaged 296.4 ha of fruit crops such as apples. By disaster type, support amounts to KRW 29.458 billion for 14,101 farm households damaged by heat waves and drought and KRW 1.035 billion for 588 farm households damaged by hail and strong winds, finalized by a resolution of the Agricultural Disaster Countermeasures Council on September 18. For agricultural policy loans, repayment is deferred and interest reduced depending on the damage rate. Repayment is deferred for 1 year at a damage rate of 30% and for 2 years at 50% or more. Farmers who need additional funds are supported with disaster management fund loans at an interest rate of 1.8%.
Key facts
| Announced | September 21, 2026, Ministry of Agriculture, Food and Rural Affairs |
|---|---|
| Scale of support | KRW 30.493 billion in disaster recovery funds, 14,689 farm households |
| Heat waves and drought | KRW 29.458 billion for 14,101 farm households — 5,887.8 ha of crops damaged |
| Hail and strong winds (August 31) | KRW 1.035 billion for 588 farm households — 296.4 ha of fruit crops damaged in Andong, Yecheon and Uiseong, North Gyeongsang Province |
| Finalized | Resolution of the Agricultural Disaster Countermeasures Council on September 18, 2026 |
| Payment timing | Planned before the Chuseok holiday (in consultation with local governments) |
| Agricultural policy loans | Repayment deferred 1 year at a 30% damage rate, 2 years at 50% or more + interest reduction |
| Disaster management funds | Loans at an interest rate of 1.8% |
| Inquiries | Ministry of Agriculture, Food and Rural Affairs, Agricultural Disaster Support Team (농업재해지원팀) 044-201-2872 |
Last checked:
The Ministry of Agriculture, Food and Rural Affairs (농림축산식품부) said it plans to pay KRW 30.493 billion in disaster recovery funds (재해복구비) before the Chuseok holiday to 14,689 farm households damaged by heat waves and drought in July–August 2026 and by hail and strong winds on August 31. The disaster recovery funds were finalized by a resolution of the Agricultural Disaster Countermeasures Council (농업재해대책심의회) on September 18. Repayment of agricultural policy loans is deferred for 1 year at a damage rate of 30% and for 2 years at 50% or more, and farmers who need additional funds can borrow disaster management funds (재해대책경영자금) at an interest rate of 1.8%.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
Who receives the disaster recovery funds?
A total of 14,689 farm households: 14,101 farm households damaged by heat waves and drought in July–August 2026 and 588 farm households damaged by hail and strong winds on August 31 in Andong, Yecheon and Uiseong, North Gyeongsang Province.
When will it be paid?
The Ministry of Agriculture, Food and Rural Affairs plans to pay the disaster recovery funds before the Chuseok holiday in consultation with local governments.
Is the burden of loan repayment also eased?
For agricultural policy loans, repayment is deferred for 1 year at a damage rate of 30% and for 2 years at 50% or more, and interest is reduced. Farmers who need additional funds are supported with disaster management fund loans at an interest rate of 1.8%.