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★PPT 우수자료★ 올립니다 영문 보고서, FRM 올립니다 What is Farmland reverse mortgage, FRM 레폿

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★PPT 우수자료★ 올립니다 영문 보고서, FRM 올립니다 What is Farmland reverse mortgage, FRM

★[PPT 우수자료★][영문 보고서, FRM] What is Farmland reverse mortgage, FRM

Farmland reverse mortgage

Real estate

Contents

1. What is FRM

2. Examples of FRM

3. Problems and alternative solutions of FRM

4. Reference

1. What is FRM

1. What is FRM

Concept : To 65 year-old and over aged farmers, This is a system that keeps their own farmland as collateral and provide them pension for their a stable life after retirement.

Future directions : By securitizing farmland fund, to enjoy life of ease in their ol...

Farmland reverse mortgage

Real estate

Contents

1. What is FRM

2. Examples of FRM

3. Problems and alternative solutions of FRM

4. Reference

1. What is FRM

1. What is FRM

Concept : To 65 year-old and over aged farmers, This is a system that keeps their own farmland as collateral and provide them pension for their a stable life after retirement.

Future directions : By securitizing farmland fund, to enjoy life of ease in their old age and maintain the security farm life.

A legal basis :

Korea Rural Community Corporation and A law of farmland management.

2. Introduction background

Aging of population.

Especially, in the case of Korea, there is no perfect pension system that guarantee pension for older people.

Size of farming is small.

Because of aging, a shortage of labor and low productivity.

3. Qualification

Age : Contractor and contractor’s spouse are more than 65 years.

Farming career :

Contractor has more the five years of farming experience.

Career doesn’t need to be consecutive.

3) Owned farmland : less than 30,000㎡

4) Target farmland : land purpose is fields, paddies and orchard Actually farming in farmland

Farmland that is owned by contractor

Farmland that is not established to Limited real right. Ex) Mortgage

Farmland that is not goods. Ex) Seizing, provisional attachment, provisional disposition

4. Method payment

For whole life

For period life

Payment method

For whole life

For period life

For 5 years

For 10 years

For 15 year

Member age

More than 65 years

More that 65 years, less than 90 years

More that 65 years, less than 80 years

More that 65 years, less than 72 years

5. Advantage of FRM

1) Payment to couple for whole life.

-If farmer who receive pension died, spouse can continue to receive pension.

2) Farming or Rental income

-While receiving pension, Cultivation and rental is possible thing.

3) Secure a stability(Financial support)

-Because it is operated by government, receiver can receive stable pension.

4) Unclaimed dividends of debt

-When contractor sells the farmland and repays the debt,

if there is a remaining amount, give back to contractor

if amount of redemption is short, they don’t charge for it.

2. Field Investigation

1. Field Investigation Team 1

1. Joining member’s of farmland reverse mortgage

2012년 1월 이후로 매달 100건에 달하는 추세로 가입자가 늘어나고 있다.

-There is a growing trend to subscribers.

-Up to 100 cases per month since January 2012.

1. Field Investigation Team 1

2. The state of management

2012 business plan and result (11.08)

Contents

Farmland Reverse Mortgage

Business expense

New members

Plan

19,035

1,082

Result

14,795

1,098

percentage(%)

77.7

101.5

(one million won, ha)

Ⅱ. Farmland Reverse Mortgage’s counsel number of cases

-counsel number of cases : 1772

[문서정보]

문서분량 : 26 Page

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자료제목 : ★PPT 우수자료★ 올립니다 영문 보고서, FRM 올립니다 What is Farmland reverse mortgage, FRM

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