Market Structure Analysis Using Changes in the Number of Farms and Farm Income: In the Case of Korea

Won Sil Choi and Sang Hyeon Lee ()
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Won Sil Choi: Institute of Ocean and Fisheries Policy, Seoul 06367, Republic of Korea
Sang Hyeon Lee: Department of Food and Resource Economics, Korea University, Seoul 02841, Republic of Korea

Agriculture, 2023, vol. 13, issue 7, 1-20

Abstract: This study proposes a method to analyze market structures using changes in the number of farms and amount of farm incomes, taking Korea as a case study. We discern the market structures in agriculture by scrutinizing the impact of variations in agricultural added-value and production costs on the count of farms and farm-type specific agricultural incomes using the method. We also explore the significant influence of policy changes on agricultural market structures. As a result, in response to the increase in agricultural value-added, most types of farm households are in a short-term equilibrium state with both the number of farm households and amount of agricultural incomes increasing. In response to the increase in agricultural management costs, results of the distribution of farm households and agricultural incomes depend on farm types.

Keywords: market structure; agricultural policy; entry and exit; number of farms; agricultural income despite (search for similar items in EconPapers)
JEL-codes: Q1 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Date: 2023
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