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Structural changes in agriculture, farm household economy and policy implications

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  • Structural changes in agriculture, farm household economy and policy implications
  • Kim, Mee-bok; Park, Seong-jae
  • Korea Rural Economic Institute


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Title Structural changes in agriculture, farm household economy and policy implications
Similar Titles
Material Type Reports
Author(English)

Kim, Mee-bok; Park, Seong-jae

Publisher

[Seoul]:Korea Rural Economic Institute

Date 2014-10
Series Title; No Agricultural Policy Focus / no. 95
Pages 29
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Industry and Technology < Agriculture
Holding KREI

Abstract

In 2013, the agricultural authorities announced that the average farm income reached 34.52 million won, 11.3 percent up from the previous year. This figure was considered a signal of the rebound of income that had long been stagnant, and formed expectations of the industry.

-Given that the 2013 Farm Household Economy Survey is the statistics of the first year of the new samples that are renewed every five years, the increase in farm income can be deemed a rebound that reflects structural changes in agriculture.

Since the 2000s, the social structure has changed with the increase in the numbers of both small and large farms, the aging of farmers and the increase in the number of single households. At the same time, the agricultural structure has also shifted in various ways, including the switch from rice farming to livestock breeding or fruit/vegetable/special crop cultivating. (The rest omitted)