Nonghyup Membership Conditions and Benefits
Agriculture is classified as Korea’s primary industry and is responsible for the people’s food. However, low-cost imported agricultural products and rising prices are making it difficult for farmers. So, the country is implementing various measures to provide policies and benefits for farmers. One of them is a member of the Nonghyup, and if you become a member of the Nonghyup, you can receive various benefits. Then, let’s learn about the registration process and benefits necessary to become a member of the Nonghyup. 농협조합원 가입조건
-Conditions for Nonghyup Membership- 좋은뉴스
1. To manage farmland of 1000㎡ or more and to engage in agriculture for more than 90 days a year
2. In the case of cultivation or cultivation by installing agricultural production facilities of 330㎡ or more on farmland
3. Breeding livestock or engaging in livestock farming for more than 120 days per year
4. In case the annual sales of agricultural products through agriculture are 1.2 million won or more
5. Subscription is possible if you raise 2 large livestock, 10 medium livestock, 100 small livestock, 1,000 poultry or more than 10 bees.
-Nonghyup member registration procedure-
To sign up, bring a copy of your resident registration, a copy of your ID card, a certificate of family relationship, the Agricultural Support Department, and a confirmation of fact. After visiting the Nonghyup, fill out the application form. The fact confirmation document is a document proving that you have been engaged in agriculture for more than 90 days, and it is a document that requires confirmation from the head of the neighborhood, so you must prepare it before visiting the Nonghyup.
(It is not immediately enlisted, and membership is determined through deliberation and resolution of the Nonghyup Board of Directors held once a month.)
-Nonghyup member benefits-
As a member of the Agricultural Cooperative Federation, you can receive discounts when purchasing various items and items necessary for agriculture, including representative fertilizers, pesticides, feed, agricultural materials, cultivated products, and feed. In addition, in accordance with the Restriction of Special Taxation Act, income tax is not imposed on income received from investments made in financial institutions such as Nonghyup, Fisheries Cooperatives, Credit Cooperatives, Saemaul Geumgo, and Forestry Cooperatives, and the total amount per person is less than KRW 10 million. In addition, when Nonghyup members receive a loan, the interest rate is much lower, and they are entitled to participate in support projects for farmers. In particular, it is possible to participate in agricultural machinery bank projects supported by the Nonghyup, and gifts are provided on Farmer’s Day and holidays.
If you are engaged in agriculture, livestock farming, etc., there is no loss by joining, so if you are engaged in the relevant occupation or business, it is recommended to check the conditions for joining the Nonghyup union before joining.