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An evaluation of the environmentally friendly direct payment program in Korea

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  • An evaluation of the environmentally friendly direct payment program in Korea
  • Kim, Chang-Gill; Lim, Song Soo
  • Hosei University


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Title An evaluation of the environmentally friendly direct payment program in Korea
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Material Type Articles
Author(English)

Kim, Chang-Gill; Lim, Song Soo

Publisher

[Tokyo, Japan] : Hosei University

Date 2015-03
Journal Title; Vol./Issue Journal of International Economic Studies:vol. 29
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Agriculture
Holding Japanese Institutional Repositories Online
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Abstract

Welfare economics supports government intervention to ensure the proper provision of positive environmental externalities when markets fail to address it. As an effective policy instrument to rectify such a failure, the Environmentally Friendly Direct Payment Program (EFDPP) has been proposed and designed to be compatible with international trade rules. Since 1999 the EFDFF has contributed to growth of participating farms and areas. As of 2010, the program accounts for about 426,247 hectares of farmland with a payment of 483,000 won, or USD418 per hectare on average. A survey indicates both the participating farmers and programresponsible government officials fully recognize the necessity and effectiveness of the program. To improve the EFDPP this paper suggests an increased payment rate up to one half of the gap in gross margins between conventional and environmentally friendly farms, differentiated payments over the transition periods of farming methods, sound monitoring systems, and menu-typed, targeted payments on specific agricultural practices.