• Title/Summary/Keyword: Agricultural Investment

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Development of Farm Size Dairy Feedmill System in Korea(I) -Development of the TMR Terminal- (우리나라의 낙농단지규모에 알맞는 사료가공시설의 모델개발(I) -TMR 터미널의 모델 개발-)

  • Park, K.K.;Kim, T.W.
    • Journal of Biosystems Engineering
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    • v.19 no.4
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    • pp.329-342
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    • 1994
  • In order to reduce the production cost and improve the quality of dairy feed, several dairy feed mill models suitable for Korean farm size were developed. 6 TMR models were developed for the 1000, 600, 200 head of dairy cattle, and evaluated for capital investments and production costs to suggest the best model. Followings are summary of this study : 1. TMR terminal models were designed that dairy production capacity of TMR1000 models are 40 ton/day, TMR600 model is 20 ton/day and TMR200 models are 10 ton/day. Also, they can be extended their capacity up to twice. 2. Capital investment of TMR terminal models is 145 million won for TMR200-1,205 million won for TMR600 and 609 million won for TMR1000-3 model. 3. The bigger TMR terminal model has the more advantage in production cost. The best model for 1000 head of dairy cattle farm was TMR1000-3 with 10,849 won/ton of production cost, TMR600 for 600 head of dairy cattle farm with 13,829 won/ton, TMR200-1 for 200 head of dairy cattle farm with 16,943 won/ton of production cost, so feed production cost for the 200 head farm was 50% higher than 1,000 head size farm.

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A Non-cooperative Game Theoretic Approach to Dust and Sand Storm in North East Asia

  • Song, Yang-Hoon
    • Journal of Environmental Policy
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    • v.6 no.3
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    • pp.91-114
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    • 2007
  • The cooperative cost sharing scheme for Dust and Sand Storm(DSS) in North East Asia, as suggested in Song and Nagaki(2007), may not be feasible due to possible defection(s) of participating countries. If non-cooperative strategies are more plausible, Nash equilibrium can suggest possible outcomes of the cost sharing game. The result from the continuous strategy model shows that there exists an infinite number of Nash equilibrium such that the summation of investment from each country is always equal to the required budget of the ADS pilot project. It is also discussed that the discrete strategy model points to only 3 Nash equilibria in continuous strategy game outcome and the cooperative game solution may be just one of the infinite equilibria.

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Development of a Tractor Attached TMR Mixer(III) -Cost analysis- (트랙터 견인형 TMR 배합기의 개발(III) -경제성 분석-)

  • Park, K. K.;Kim, H. J.;Seo, S. H.;Nah, K. D.;Hong, D. H.;Jang, C.;Ha, Y. S.;Lee, J. S.
    • Journal of Biosystems Engineering
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    • v.25 no.4
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    • pp.265-272
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    • 2000
  • Feasibility of the self-TMR mixing/feeding system for dairy farm in Korea was analyzed by comparing with a traditional feeding system. The total operating cost of self-TMR feeding system decreased with an increase of farm size. However, the cost was higher than that of traditional feeding system because of its high purchasing cost of TMR mixer as an initial investment. Profit per unit input of the TMR feeding system became greater over the traditional system when the farm size is larger than 17 heads due to more and better milk production. The profitable discrepancy became bigger as dairy farm size increases.

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Development of Model for Estimation of Green-Tourism Revenue on Rural Village by Factor Analysis (요인분석에 의한 농촌마을의 그린투어리즘 수익 추정 모형 개발)

  • Um, Dae-Ho;Kim, Tai-Cheol;Gim, Uhn-Soon
    • Journal of Korean Society of Rural Planning
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    • v.12 no.4 s.33
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    • pp.23-32
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    • 2006
  • Recently, Owing to booming of leisure activities and national enforcement of 5-day workweek system, Korean government has been promoting rural tourism policy of which operating project's title is Green Rural Experience Village, Rural Traditional Theme Village, etc. In this study, ken investigation result on Green Rural Experience Village sites, an estimation model of returns by green-tourism activities was developed. The model was constructed through factor analysis and regression analysis method. Regression model developed can estimate green-tourism revenue by investment budget, homepage preengagement sales, homepage visitors, capacity of eating and drinking facilities, capacity of lodging facilities. The model developed was applied in sample villages. With these results, estimation revenue was recorded average 138.3% of survey revenue, and statistical significance was good(correlation coefficient $R^2$ = 0.8255, level of significance : 0.000), and the range of relative error was recorded largely from -7.1% to 158.6%, and average relative error was 38.3% and good. And, the model developed in this study have the critical point in aspects of insufficient data, but the results will be used in green-tourism policies and projects, and revenue estimation about each village in the present and future is limited, but in province or the whole country the application is good.

Emergy Evaluation of Resource Values for Rice Paddy Production in South Korea (에머지 분석을 통한 논벼 생산의 자원적 가치 평가)

  • Lee, Jimin;Kim, Taegon;Suh, Kyo
    • Journal of Korean Society of Rural Planning
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    • v.20 no.4
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    • pp.35-43
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    • 2014
  • The purpose of this study is to analyze emergy flows of rice for evaluating the value of rice production and sustainability. Emergy analysis evaluates the sustainability of systems or processes considering all the inputs to make a product or a sevice. In this study, we analyzed the emergy flows and indices of rice productionand compared the regional emergy values using statisticcal analysis: input materials, hours per unit area(10a), and production costs. As the results, we found that the rates of external investment (EIR= 18.87) and environmental loading (ELR=21.7) are significantly high during the rice cultivation. However, emergy yield ratio(EYR) shows that rice is a valuable resource because EYR is 5.12 and environmental Sustainability IndexSI value is as low as 0.24 and it shows rice has low sustainability. This study also shows that Chungcheongnam-do has the highest SI value for rice production due to low environmental loading and abundant natural energy during rice cultivation. These results of rice emergy flows and sustainability assessments could provide a way of sustainable rice cultivation with decrease of environmental loading from fertilizer.

Global Assessment of Current Water Resources using Total Runoff Integrating Pathways and Global GIS

  • Taikan Oki;Takao Saruhashi;Yasushi Agata;Shinjiro Kanae;Katumi Musiake
    • Proceedings of the Korea Water Resources Association Conference
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    • 2001.05a
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    • pp.67-75
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    • 2001
  • Anticipated water scarcity in the first half of this century is one of the most concerned international issues. However, even though the issue has an international impact and world wide monitoring is critical, there are limited number of global estimates at present. In this study, annual water availability was derived from annual runoff estimated by land surface models using Total Runoff Integrating Pathways (TRIP) with 0.5 degree by 0.5 degree longitude/latitude resolution globally. Global distribution of water withdrawal for each sector in the same horizontal spatial resolution was estimated based on country-base statistics of municipal water use, industrial water use, and agricultural intake, using global geographical information system with global distributions of population and irrigated crop land area. The total population under water stress estimated for 1995 corresponded very well with former estimates, however, the number is highly depend on how to assume the ratio how much water from outside of the region can be used for water resources within the region. It suggests the importance of regional studies evaluating the possibility of water intake as well as the validity of the investment for water resources withdrawal facilities.

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Environmental Damage Theory Applicable to Kenya

  • ONYANGO, James;KIANO, Elvis;SAINA, Ernest
    • Asian Journal of Business Environment
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    • v.11 no.1
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    • pp.39-50
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    • 2021
  • Purpose: This study seeks to establish the environmental damage theory applicable to Kenya. The analysis is based on annual data drawn from World Bank on carbon dioxide emissions (CO2e) and gross domestic product per capita (GDPPC) for Kenya spanning 1963 to 2017. Research Methodology: The study adopts explanatory research design and autoregressive distributed lag model for analysis. Results: The results revealed a coefficient of -0.017 for GDPPC and 0.004 for GDPPC squared indicating that economic growth has negative effect on CO2e in the initial stages of growth but positive effect in the high growth regime with the marginal effect being higher in the initial growth regime. The findings suggest a U-shaped relationship consistent with Brundtland Curve Hypothesis (BCH). Conclusions: The findings emphasize the need for sustainable development path that enables present generations to meet own needs without compromising the capacity of future generations to meet their own. Sustainable development may include, investment in renewable energies like wind, solar and adoption of energy efficient technologies in production and manufacturing. The study concludes that BCH is applicable to Kenya and that developing affordable and effective mechanisms to boost sustainable development implementation is necessary to decrease the anthropogenic impact in the environment without any attendant reduction in the economic growth.

Trade-Development Partnership between South Korea and the Developing Countries via ODA for the TBT/SPS-related issues of Agro-fisheries & Food Goods (수입 농수산식품 검사·인증 분야에 있어서 ODA를 활용한 개도국과의 상생무역협력 방안)

  • Jung, Moo-sup;Shin, Won-kyu
    • Korea Trade Review
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    • v.44 no.2
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    • pp.287-305
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    • 2019
  • The export of agricultural, fisheries, and food products acts as an engine of growth for developing countries in particular. However, exporting these items is easier said than done since issues of certification and inspection, so-called technical barriers to trade (TBT) and sanitary and phytosanitary measures (SPS), in developed markets have worked as major obstacles for exports. This paper examines the institutional aspects and recent trends of South Korea's TBT/SPS-related cases against exporting firms of the developing countries. We suggest a win-win partnership model that can promote cooperative synergies between Korea and developing employing trade-related technical cooperation or ODA (Official Development Aid). Technical cooperation such as the provision of on-spot field consulting services on TBT/SPS-related issues for exporting firms and Korean OEM firms of developing countries can lead to mutual gains. This cooperative partnership can create gains from "the trade-development nexus" for both sides while promoting sustainable trade and investment relationships between Korea and developing countries.

Association of Mutual Fund Risk Measures and Return Parameters: A Juxtapose of Ranking for Performance in Pakistan

  • KHURRAM, Muhammad Usman;HAMID, Kashif;JAVEED, Sohail Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.25-39
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    • 2021
  • This purpose of this study is to investigate the association among mutual funds (MFs) risk measures and return parameters, evaluate mutual fund performance and also explore the best appropriate mutual fund performance measure for investment in Pakistan. Therefore, thirty-five mutual funds have been selected for the period 2007-2015. The Sharpe, Treynor, Jensen Alpha, Information ratio and Fama's Net Selectivity measures has been used to analyze MF performance. Our study findings show significant positive relation exist between Sharpe and Jenson alpha & information ratio (IR); Treynor ratio is negatively correlated to Jenson alpha and Jenson alpha is positively allied with IR. Moreover, association among performance measures, Fama's net selectivity is a major driver in leading to other measures but Sharpe and IR lead to Treynor ratio as well. Furthermore, performance measures are ranked in accordance standard deviation with the arrangement of Fama's net selectivity at top, Jenson Alpha at second, Sharpe ratio at third, IR at fourth and Treynor ratio at fifth position according to risk parameters in Pakistan. Overall, Jensen Alpha measure appears to be the best suitable mutual fund performance measure in Pakistan due to its practical nature. Finally, the Pakistani stock market index KSE100 (as benchmark) performs better than MF industry of Pakistan.

A study on the process of spatial reduction of cotton culture in Korea since 1945 (해방 이후 우리나라 면작농업 소멸의 지역적 전개과정)

  • ;Kim, Kihyuk
    • Journal of the Korean Geographical Society
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    • v.29 no.3
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    • pp.318-339
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    • 1994
  • U.S. had given large amount of cotton to Korea as food aid program since 1945. This cotton aid had negative impact on cotton culture in Korean agriculture. Korean government used counterparts funds (sale proceeds of food aid) not for investment to agriculture sector, but for military budgets. And food aid on program type had influenced general economic policies, which neglected agricultural sector too. Anti-agricultural policy which was helped by U.S. food aid, had caused cotton cultivator an economic loss. So this economic loss had made many farmers abandon cotton culture. But in our times, cotton is cultivated for the purpose of domestic consumption in a few rural villages. The purposes of this study are 1) to analyze the process of spatial reduction of cotton culture since 1945 in regional contexts in Korea, and 2) to identify the function and meaning of cotton culture which does not pay off in agricultural region. Materials for acreage of cotton culture are acquired through the agricultural statistical year book(1952-1989) and census. To clarify the meanings of cotton culture, field survey are conducted in a rural village which is identified as only one where cotton was cultivated in 1993. In these contexts, this study has come to the following conclusions. In the period of under the rule of Japanese Imperialism (1910-1945), G. arboreum, species of cotton which was traditionally cultivated since 1364, had been driven out. And G. hirustun species, which is suitable for the production of highly qualified textile, has been hierarchically diffused by policy. In these period, regional structure of Korean agriculture was reorganized for the provision with food to Japan. Crops leading this dependent spatial structure were rice and cotton. So agricultural region, specialized with cotton, were distributed in the hinterland of the area which is specialized with rice. U.S. cotton aid to Korea began in 1947. U.S. took an interest in agricultural export because of her domestic surplus of cotton. Cotton aid is one mechanism by which U.S government developed agricultural market in recipient countries, Specially in the exchange rates, up-valuation of won to the U.S. dollars made domestic cotton more expensive than cotton imported, Production cost of domestic cotton is higher than Government's purchasing price of cotton which was also more expensive than price of cotton imported. Korean farmer could not help abandoning the cultivation of cotton, and this gave rise to spatial reduction of cotton culture. Spatially, cotton culture was abandoned in early stage of reduction in regions where stand at a disadvantage climatically, and in next stage in regions where other up-land crops which paid off in urban market, eg, fruits, could be cultivated. In the stage of extinction, cotton was cultivated only in area where G. hirustun species was originated in Korean peninsula. This region is not only suitable climatically for cotton culture, but is far away from urban market. Use of cotton produced is not for spinning, but for fillings of comforter. The main purpose of cotton culture in rural village is not for cotton yields, but for increase of production of seasame, which is grown together with cotton as mixed crops. Cotton product are used for domestic consumption and sold out to gin house. Though cotton culture is not paid off, farmer wanted to cultivate continuously for the cultural purpose, and they wanted the cotton culture promotion policy with the goverment subsidy.

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