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Structural Changes and Forecasts of Agricultural Economy

Author

Listed:
  • Kim, Kyeongduk
  • Suh, Jinkyo
  • Lee,Byounghoon
  • Song,Woojin

Abstract

The employed in the agriculture, forestry, and fishery sector at 2001 are projected to decline by 2.3 % compared to the previous year. The decreasing rate, however, is reduced due to increases in unemployment rate in the non-agricultural sectors. The cultivated area in 200 l is expected to decrease by 1.5 % compared to 2000. The agricultural value added in 200 l at 1995 prices would decline little and mark minus growth rate, -1.5 % because production in grain including rice, and livestock is projected to be stagnant or decreased. The agricultural income in 200 l is expected to decrease 5. l % compared to that of 2000. The average farm household income, however, is projected to increase 0.5 % due to decreases in number of farm households.

Suggested Citation

  • Kim, Kyeongduk & Suh, Jinkyo & Lee,Byounghoon & Song,Woojin, 2001. "Structural Changes and Forecasts of Agricultural Economy," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 24(2), June.
    • Handle: RePEc:ags:jordng:288050
    DOI: 10.22004/ag.econ.288050
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    Keywords

    Agricultural Finance;

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