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Profitability Analysis for Ligularia fischeri Forest Farming  

Park, Sang-Byeong (Division of Special-purpose Trees, Korea Forest Research Institute)
Kim, Mahn-Jo (Division of Special-purpose Trees, Korea Forest Research Institute)
Park, Yunmi (Division of Special-purpose Trees, Korea Forest Research Institute)
Hwang, Suk-In (Division of Special-purpose Trees, Korea Forest Research Institute)
Kim, Eui-Gyeong (Division of Environmental Forest Science(Institute of Agriculture and Life Science), Gyeongsang National University)
Publication Information
Journal of Korean Society of Forest Science / v.101, no.3, 2012 , pp. 426-433 More about this Journal
Abstract
This study was carried out for preliminary feasibility review to consult forest farmer, to make policy and to search improvement for Ligularia fischeri forest farm. The survey for eight Ligularia fischeri forest farmer in Inje-gun was conducted. And the case study was conducted with computing labor input, gross margin, net margin in each planting stages, which is contented each cultivating stage from creating to harvesting. B/C ratio, Net Present Value and Internal Rate of Return were used for profitability analysis. The results applied 3% of discount rate showed IRR 48.6%, B/C ratio 1.5 and NPV 41 million KRW, which means high profitability. Forest farming is early step in Korean forestry so that standard methods of cultivation for that haven't established yet, and differences among farmers in productivity are being. Establishing organized methods of cultivation in each stages and being political supports are essential for income generation to forest households, supply of safe food and rest place for urbanity.
Keywords
Ligularia fischeri; forest farm; profitability analysis; IRR; B/C ratio;
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Times Cited By KSCI : 2  (Citation Analysis)
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