• Journal of Agricultural Extension & Community Development
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• v.21 no.1
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• pp.117-142
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• 2014

This study aims to analyzing economy of agricultural investment to the Ukraine based on survey and analysis of environment of agricultural investment to the Ukraine. The Ukraine had been used as a grain belt for Russia for some 60 years among CIS nations so that agricultural environment is excellent and capital investment on agricultural field is on the rise every year. Accordingly, agricultural investment to the Ukraine should be approached not only in economy but also in the dimension of diversification of foreign agricultural investment area and food security. And it is necessary to seek measures for both government and private body to make inroads into the country together.

• Journal of Korean Society of Rural Planning
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• v.26 no.3
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• pp.57-65
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• 2020

Agricultural research and development (R&D) investment has contributed not only to agriculture but also to the overall economic growth of the country. The recent arrival of the fourth industrial revolution has raised the need for agricultural R&D as a preparation. Agriculture R&D is directly related to the fourth industrial revolution in the agricultural and livestock sectors that utilize big data, robots, artificial intelligence and cloud. Meanwhile, subsidies or grants are considered the most widely used means of policy. Therefore, in light of the current situation in which Chinese agriculture values R&D investment, this study attempted to analyze the dynamic relationship between variables by establishing a model of agricultural environment subsidy representing the role of government, agricultural technology progress representing existing agricultural R&D investment, agricultural income representing agricultural development and total agricultural output. The analysis results showed that each variable's reaction to the rise in China's agricultural R&D investment has a positive effect on agricultural development, in line with the theory that the investment in science and technology in the agricultural sector has a positive effect. In addition, the response of each variable to China's rising agricultural environment subsidy is shown to have a positive relationship, which can also be said to be in line with the theory that the government's market-friendly intervention is beneficial to economic development.

• Journal of Korea Technology Innovation Society
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• v.2 no.3
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• pp.107-117
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• 1999

This study was conducted to provide a improving direction of R&D investment for agricultural technology. The results is summerized as follows : 1) it is necessary to make a systematic master-plant of R&D investment for agricultural technology especially including management system 2) Reinforcement of researchers and investment related with agricultural technology might be im-portant factor 3) To clarify the roles by organization is necessary to efficient management for this is needed to efficient use of research resource 5) In the meeting pro-vice era a synthetic management of tech-nology developed by researchers and mutual exchange between research organization researcher is necessary. Finally Builing up a information delivery system of agricultural technology compatible to use the technology developed is recommended.

• Journal of Agricultural Extension & Community Development
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• v.10 no.1
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• pp.57-76
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• 2003

This study examined th socioeconomic returns to agricultural research in Korea, using multivariate time series technique and Akino-Hyami formula. Results showed that the socioeconomic returns were quite competitive with internal rates of 49.18% and 56.04% for agricultural research and horticultural research respectively. The lagged response to the investment in research varied according to the type of production: agricultural production responded to agricultural research shock about three tears after the shock, while horticultural and livestock productions responded only after abort seven, and ten years, respectively. The magnitudes of the impacts of investment, however, showed a similar pattern for the three types of production: after responding to the shock, the impact increased until a peak was reached and then declined and got down to zero after some years. The peak was reached within five, seventeen, and twenty tears after the intial expenditures for agricultural, horticultural, and livestock productions, respectively. Moreover, the impacts disappeared about thirty tears after the initial expenditures for all three types of production. These findings were consistent with the results from previous literature on agricultural research, which indicated that the lag lengths of the response to investments on research were between seven and thirty years.

• Journal of Agricultural Extension & Community Development
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• v.25 no.3
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• pp.149-160
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• 2018

This study aimed to analyze the replacement investment of the diesel fuel system with the pallet fuel system in the Korean farming sector. Equivalent annual annuity approach was used to resolve a discrepancy of useful life in capital goods and to facilitate investment analyses in an independent perspective. Data was obtained from previous studies on economic analysis of greenhouse tomato, paprika and cucumber. Results showed that the replacement with the pallet fuel system was acceptable irrespective of the remaining period of useful life for the diesel fuel system. In addition, sensitivity analysis with government support level, repair cost, and light and heat energy cost show ed robustness in the possibility of replacement with the pallet fuel system while the speed of replacement was accelerated with an increase in the amount of diesel fuel used and price of diesel fuel, and a decrease in price of the pallet fuel. The result implied that the replacement investment rather than a new investment was appropriate for existing greenhouse farmers and the pallet fuel system was acceptable to replace existing diesel fuel system in producing greenhouse tomato, paprika and cucumber.

• Korean Journal of Organic Agriculture
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• v.11 no.4
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• pp.39-59
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• 2003

The purpose of this study is to introduce issues on agricultural policy of participatory government and to suggest some implications for national consensus. According to the finance and investment plan, 119 trillion won in total will be invested in the farming industry for improving the welfare system and development of the sector over the next 10 years. It is very important that this plan will make Korean farmers competitive and income per capita increased more and more. By the way, the plan has been argued by farmer’s organization(NGO) and some people of academic circles because there is a fair question as to how effective these investment aids will be. Therefore, the finance and investment plan must be established on the basis of effective execution system as well as additional discussion for national agreement. In addition, the 'Special Plan Committee for agriculture-fishery and farming-fishing communities' will work out an ideal framework for succeeding this plan.

• Agribusiness and Information Management
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• v.8 no.2
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• pp.9-15
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• 2016

In several industries, including the agriculture industry, information and communication technology (ICT) expenditure has been gradually increasing. This study explores the ICT investment of Korean agricultural corporations, and examines the effect of ICT investment on their profitability using an IT portfolio framework. As the organizational capabilities and environment in which ICT is used is critical in examining its impact, the IT-savvy level is used as a moderator. An increase in ICT investment size results in a significantly positive effect on profitability in organizations with higher IT-savvy levels, whereas there is no effect in organizations with lower IT-savvy levels. This study shows the necessity of understanding the structure of ICT investments in the agriculture industry, and suggests the importance of organizational capabilities and environment in making best use of ICT.

• Korean Journal of Organic Agriculture
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• v.27 no.4
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• pp.391-408
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• 2019

The purpose of this study is to analyze the spillover effect of R & D investment focusing on agriculture sector. Therefore, the Korean industry is divided into 18 industries and the data period including 1970 ~ 2014 is analyzed. In addition, the method is based on the analysis of the production function, the growth contribution of the production factor, and the spillover effect of other industries that affect the agricultural output. The results of this study are summarized as follows. First, R & D investment has a positive effect on the production of Korean agriculture. Second, the impact of high tech industry R & D investment on Korean agriculture is positive. Third, the R & D investment in the public sector is relatively higher than the R & D investment in the private sector. In the R & D stage, the R & D investment of the first level technology has a great influence on the production of agriculture. As a result of this study, governments should consider the above mentioned research results to determine resource priorities based on limited resources in relation to R & D investments that contribute to production and economic growth.

• Journal of Korea Technology Innovation Society
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• v.15 no.2
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• pp.277-298
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• 2012

Once a production focused on primary industry, Food, agriculture, forestry and fisheries industry is now trying to shed away and plans to totally transform the paradigm of agricultural R&D with a leaping goal towards being a new growth engine. Promoting the bioindustry through utilizing agricultural bioresources was selected as the primary task and also made all efforts to support by all government department and ministry. In this study, we are raised problems and planned the improvements by the empirical analysis of national R&D policy, investment strategy, the recent progress of R&D program, and the performance of R&D investment to achieve early commercialization in fields of agricultural bioresources utilizing. We also propose the R&D role sharing and cooperations of public/private sector to commercialize the agricultural bioresources from the comprehensive empirical analysis results. It will eventually strengthen the national R&D investment strategy and efficiency and then will contribute towards a successful early commercialization performance in bioindustry through utilizing agricultural bioresources.

• Korean Journal of Agricultural Science
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• v.40 no.2
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• pp.169-176
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• 2013

The price and revenue of rice are expected to decrease due to increasing rice imports, decreasing consumption and the discontinuance of the government's rice procurement. This degenerating profitability is leading to a rise in the cultivation of upland-crops such as beans, fodder crops and fruits in paddy fields. However, there is a lack of research on the selection of rice substitute crops which are adaptable to the relevant region through profitability analysis. This research, therefore, analyzed investment profitability of rice substitute crops for Cheorwon-gun area in Kangwon province. The study applied net present value (NPV) and internal rate of return (IRR), which fit for mutually exclusive investments that make one selection to the exclusion of other crops. Target crops are green house plants in Cheorwon-gun area. Financial analysis showed paprika and cucumber have investment feasibility for automated vinyl greenhouses and conventional plastic greenhouses respectively.