Dried red peppers are a staple agricultural product used in Korean cuisine and as such, are an important aspect of agricultural producers' income. Correctly forecasting both their supply and demand situations and price is very important in terms of the producers' income and consumer price stability. The primary objective of this study was to compare the performance of time series forecasting models for dried red peppers in Korea. In this study, three models (an autoregressive model with exogenous variables [ARX], AR-exponential generalized autoregressive conditional heteroscedasticity [EGARCH], and ARX-EGARCH) are presented for forecasting the wholesale price of dried red peppers. As a result of the analysis, it was shown that the ARX model and ARX-EGARCH model, each of which adopt both the rolling window and the adding approach and use the agricultural cooperatives price as the exogenous variable, showed a better forecasting performance compared to the autoregressive model (AR)-EGARCH model. Based on the estimation methods and results, there was no significant difference in the accuracy of the estimation between the rolling window and adding approach. In the case of dried red peppers, there is limitation in building the price forecasting models with a market-structured approach. In this regard, estimating a forecasting model using only price data and identifying the forecast performance can be expected to complement the current pricing forecast model which relies on market shipments.
Traditional international trade theory assumes that import goods and domestically produced goods of the same industry are equal in quality. However the substitutability of the two goods is imperfect. This article estimated the import functions of pulp and paper using econometric and vector autoregressive models, and calculated the elasticities of substitution between imported and domestically produced pulp and paper. The import of pulp is inelastic to import price and domestic price, and elastic to national income in econometric model. And it is inelastic to import price, domestic price and national income in vector autoregressive model. On the other hand, the import of paper is inelastic to domestic price, and elastic to import price and national income in econometric model. And it is inelastic to import price and domestic price, and elastic to national income in vector autoregressive model. The elasticity of substitution between imported and domestically produced pulp was positive, and the elasticity was respectively 0.42 and 0.20 in econometric and vector autoregressive models. This may be because of the high proportion of imports. On the other hand, the elasticity of substitution between imported and domestically produced paper was positive, and the elasticity was respectively 0.75 and 0.81 in econometric and vector autoregressive models. This may be because the quality of imported paper is different from that of domestically produced paper.
The political and technological countermeasures to cope with the UR problems are under studying at present or some of them are already applied to increas farm household income. It is evident that the leisture farm development is considered the best alternative among the countermeasures. On account of mitigating labour shortage, a most difficult problem encountered by agriculture, and of promoting consumption of farm products, the leisure farm development could increase farm household incomes accoringly. This study is ultimately aimed at identifing the countermeasures to increase farm household incomes by suggestion of the improvement of leisure farm management thorough survey of the present leisure farm management status. The leisure farm. management survey was carried out based on the seven leisure farms such as Songnam, Cheongrock, Yusung, Duryong, Hwachun, Maesan and Sinhuck which are saperately located in Chungnam Province.
Citrus farming become one of highly potent area for the farmer s income in the Asia region. Because of its favorable taste and distinctive aroma, attractive color, and nutritional values, market demand has increased steadily along with the income increases in the region. However, realization of the potent have been constrained due to poor orchard management, frequent occurrences of pest and diseases, and a high cost in production besides of the market failures. Cutting down of production cost should be an operational goal to obtain mope profit where marketing structure has yet been underdeveloped. The objective of this study was to provide a comparative information to those program efforts of searching comparative advantage in production. For the three countries, reduction of labor cost by reduction of chemical application frequency was recommended while pursuing further mechanization in those operation such as in pruning, harvesting and pest control. Adoption of the IPM (integrated pest management) will be useful to reduce the number of spraying chemicals with changed knowledge and attitude of the farmers.
Current status and prospect of sericultural industry in Gyeonsangbukdo were examined through history and business of institute, sericultural status of Gyeongsangbukdo, purchasing results, and prospects of Gyeongsangbukdo. Silkworm & Insect Business Center was established in 1911 as Sericultural training institute. Original silkworm 400 case, and Nuedongchunghacho inoculant 100 box will be spreaded. Sericultural farmer is 339 and 41.5 percent on the whole country in 2016. Ten thousand kilogram of cocoon was purchased by institute in 2016. Farm income was increased to 13.7 million won and purchased cocoon 9,875 kg in 2017. To activate sericulture Gyeongsangbukdo will support Hanbok Institute in 2019 and make sericultural complex.
The major problems of food crop cultivation in Korea are low yield of most crops except rice. inefficient cultivation techniques for aged farmers. and low international competibility. Therefore, development of cultivation techniques of food crops should aim the yield. quality improvement, labor reduction and production cost. The primary issue for increasing the yield of soybean, barely and wheat is to reduce the yield gap between the farmer's yield and recommended ones of experiment station. More advanced cultivation techniques needs to be developed. and/or the conventional breeding methods to be reconsidered. The newly developed labor-saving mechanized technique needs to reduce labor hours , and the cost of agricultural implements and machineries. In other words the labor-saving mechanized technique should be developed based on the improvement of total farming system as well as systemic fundamental innovation of cultural methods. The efficiency of solar energy use in food production of Korea in 1997 is as low as $0.52{\%}$ so there is much room to increase yield. It is recommendable that the concept of food Production should be changed to energy Producing efficiency Per unit area basis from volume and weight of food materials. Moreover, introduction of resonable cropping system is needed to increase yield of main crops, farmer's income, solar energy use efficiency, and decrease of land service expenditure. Current cropping system emphasized on economic crops. especially in vegetables , is not desirable for resonable use of arable land. stability of agricultural management and staple food crop self-sufficiency ratio. It is desirable to increase food crops . that are energy of carbohydrate and protein rich and land dependent crops. in cropping system. And the agronomist should develop the cultural methods to replace food crops for food self-sufficiency and stable farming management instead of economic crops in current cropping system. Low-input and environmentally-sound crop cultivation techniques, especially nitrogen-reducing culture technique which is directly related to food crop quality, also needs to be developed urgently. The extended cultivation of corn in upland and barely and wheat in lowland as a feed stuffs is recommended to prevent further decrease of food self-sufficiency ratio, which is mainly caused by the high reliance on imported feed grain. It is also considered that the calculation and presentation methods of standard agricultural income needs to be improved. The current calculation method uses unit land area of 10a regardless of crop kinds , characteristics of agricultural management and cultivation scale. So, it is apt to lead misunderstanding of farm income value. Therefore. it should show an income of average farmers for certain number of years. Research and developing system for food producing is not desirable because they are conducted currently individual crop and mono-culture basis. But actual agricultural income is usually earned by cropping system including upland and lowland. For example. the barley and wheat is usually cultivated in double cropping system. The cooperation among research institutes such as university agribusiness. government and farmers is indispensible. The public information and education on importance and consumption habit of food crops is necessary in Korean society to increase food self-sufficiency through nationwide cooperation.
This study is aimed at identifying the economic effects of drainage improvement projects. The total area of poor drainage is equivalent to 170,000ha, 13% of the total area of paddy field in Korea. The development of poor drained paddy is an urgent problem considering the low rate of self-sufficiency of food grain and the limitation of farmer's income increase. Rapid development of Korean economy has brought labor shoriage in rural farming sector. Accordingly farm mechanization is an important agricultural policy to hike labor productivity and to save production costs of rice farming. The expected economic benefits of the drainage improvement project are derived from increasing land productivity, expanding double cropped area and farming the farm mechanization base in paddy fields. The economic and financial rate of return of the project are considered very important decision making criteria for project implementation by resource allocation. Therefore this study covered benefit and cost analysis of the sampled area, the estimated financial rate of returns in $Buy{\check{o}}$ and Jinsung are represented 15% and 51% respectively and the economic rate of returns in both project area are also showing 1% and 26% respectively. The rate of return of the projects has showed an outstanding variance according to the locational and natural characteristics of the project area. As showing the above economic rate of return, $Buy{\check{o}}$ is very low Jinsung is very high. But the financial rate of return of both projects are considered comparatively high. Cosequently, the drainage improvement projects should be promoted from the view point of farm income increase to make narrow the income gap between rural and urban incomes and farm mechanization to solve labor shortage in the rural area.
The Fishing Communities (so-called Uchongae) in Korea was legally established in 1962. It has been gradually expanded by quantity, and we have total 1,969 communities in 2006. The major establishment purpose of Uchongae was put 2 functions. The first function is to make up the double industry structure in coastal region, and second function is to make economical condition for Uchongae. Nevertheless the Fishing Communities System in Korea was not successfully developed after first beginning. The Income gap have become heavily between fishing area and non - fishing area, including agricultural area. The income gap has been due to rapid industrialization and urbanization in Korea. And the income gap even have become heavily among Uchongaes. In this paper, It have been researched the degree of Income inequality among Uchongaes in Korea during 1986-2006. The income inequality degree was analyzed by Gini coefficient and Mean Log Deviation (MLD) using Lorenz Curve. According to analysis result, the Gini coefficient of Uchongaes in Korea has been about 2-times high from 0.0847 to 0.1770 during 20 years. And the MLD has been 5.4 times from 0.0125 to 0.0679 during same periods. This means to more wide the general Income Inequality among the Uchongaes in Korea. Especially, It means to more wide the gap of high ranking Uchongaes and low ranking Uchongaes that MLD index multiplier has been more high.
The Journal of Asian Finance, Economics and Business
/
제8권2호
/
pp.1237-1246
/
2021
The purpose of the research is to evaluate how education influences the income of household heads, who are young adult in rural Vietnam. In order to examine the impact of education on the households where their heads are young adults, in this paper, the authors employ two research methods. First, ordinary least squares (OLS) regression is used to study the impact of education on different groups of income; second, quantile regression is applied to find out how education influences the income of households. The dataset includes a survey of 800 young households aged between18 and 35 who are the head of agricultural farms in rural areas. The findings indicate that education has a positive impact on income of young households. Furthermore, the results prove that the longer schooling years, the higher income youth can attain. The results showed that, at the survey time (Sep 2019), the average monthly income of rural young adults who are joining the production process shows a big gap between low and high incomes. Moreover, the study has revealed that other factors positively affect the incomes, namely, joining job-related associations, land resource, hired labour, hi-tech application as well as extension of producing unit.
The aims of this study were to determine the effects of feeding medium-roasted soybean meal (SBM) and corn dried distiller's grains with solubles (CDDGS) in dairy cows on milk production and income over feed costs. A randomized complete block design experiment was conducted with 24 crossbred multiparous Holstein Friesian dairy cows in early- and mid-lactation. Four dietary treatments were as follows: basal diet without feed substitute (Control), 7.17% dry matter (DM) roasted SBM replaced for concentrate (R-SBM), 11.50% DM CDDGS replaced for concentrate (DDGS), and 3.58% DM roasted SBM plus 5.75% DM CDDGS replaced for concentrate (SB-DG). The roasted SBM was produced using a medium-heated treatment at $100^{\circ}C$ for 180 min. Dry matter intake was not affected by feeding high rumen undegradable protein (RUP) sources, but the replacement of roasted SBM and CDDGS for concentrate significantly improved (p<0.001) RUP intake (0.90, 0.86, and 0.88 kg/d corresponding to R-SBM, DDGS, and SB-DG) compared to the control (0.61 kg/d). Feeding roasted SBM and CDDGS alone or in combination had no significant effect on milk composition of dairy cows (p>0.05), whereas milk yield was significantly increased by 3.08 kg/d in the SB-DG group relative to the control group (p<0.01). Net income was meaningfully increased (p<0.05) from 4th week post feeding, the SB-DG group reached the greatest net income ($3.48/head/d) while the control group had the lowest value ($2.60/head/d). In conclusion, the use of CDDGS alone or in combination with medium-roasted SBM as substitute for concentrate in lactating dairy cattle diet led to improved milk production and net income over feed costs without affecting total dry matter intake and milk composition, while feeding medium-roasted SBM seemed to show intermediate values in almost parameters.
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