South Jeolla Province announced Monday that it will provide 120 billion won in feed purchase loans for the first half of 2026 to stabilize livestock farm operations as rising international oil prices and exchange rate fluctuations continue to push up feed ingredient costs.
The feed purchase loan program offers annual interest rates of 1.8% with a two-year grace period followed by lump-sum repayment. The loans can be used for new feed purchases or repayment of existing credit balances. Eligible applicants are licensed or registered livestock farms and agricultural corporations.
The maximum loan amount is 600 million won for cattle, pig, chicken and duck farms, and 90 million won for other livestock, allocated based on the number of animals raised. Farms participating in government programs such as the cow fattening support project and sow traceability system can receive up to 900 million won. Selected farms must complete loan disbursement by June 17.
South Jeolla Province has been providing feed purchase loans annually to support livestock farm management. The province provided 148 billion won in 2024 and 118 billion won in 2025.
"We expect this feed purchase funding to provide practical help in easing farmers' financial difficulties and stabilizing their operations," said Kim Seong-jin, head of the Livestock Policy Division at South Jeolla Province. "We will continue to actively pursue necessary support for the sustainable development of the livestock industry."