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http://dx.doi.org/10.23097/JPAF:2022.24(2).12

A Study on the Design of Hanwoo Farming Model  

Shin, Yong Kwang (Department of Agricultural and Fisheries Business, Korea National University of Agriculture and Fisheries)
Publication Information
Journal of Practical Agriculture & Fisheries Research / v.24, no.2, 2022 , pp. 12-22 More about this Journal
Abstract
The purpose of this study is to design a farming model for Hanwoo start-up farmers. I prepared a Hanwoo production plan model according to the growth cycle of Hanwoo using EXCEL. The Hanwoo production plan model was simulated in two model: Model 1 (a model that only purchases Hanwoo calf) and Model 2 (a model that purchases both Hanwoo cow and Hanwoo calf). Next, I reviewed the profits and costs of two Hanwoo simulation models. As a result of the analysis, Model 2 has the following characteristics compared to Model 1. First, Model 2 requires a lot of initial investment. Second, Model 2 is advantageous in terms of farm cash balance because imports occur every year. Third, Model 2 can efficiently use facilities and machines.
Keywords
Hanwoo; Farming Model; Design; Start-up farmers; Excel;
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