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ECONOMY > Agriculture

MAFF financial aid targets families with plan for large-scale farming

  • August 10, 2016
  • , Nikkei , p. 4
  • Translation

The Ministry of Agriculture, Forestry and Fisheries (MAFF) will increase financial support for large-scale family-run farming operations. Currently, farmers with a management improvement plan are eligible for “Super L Fund” loans from the Japan Finance Corporation. MAFF will increase allowances for the fund’s no-interest lending and make the Super L Fund available to farmers without security or guarantee. By introducing support measures strictly targeting farming households with enthusiasm for farming, the government hopes to increase the industry’s competitiveness.

 

The second supplementary budget plan for FY 2016 is expected to include the funding for the program.

 

Additionally, MAFF will provide financial support for irrigation systems and consolidation of farmland of the regions that show active participation in “Farmland Banks” (farmland consolidation banks) that promote large-scale farming.

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