| Title |
Impact of Increased Forage Imports on Forage Cost Volatility and Managerial Stability for Korean Hanwoo Cattle Farm
|
| Author |
Chanho Sohn, Hyemin Ku, Kyungsoo Nam
|
| Paper Information |
Vol.66 No.2 (2025-6)
|
Page |
83~102
|
| File |
KJAE(2025-Vol66No02)-Korean-04.pdf
|
| Abstract |
This study analyzes the impact of increased forage imports on Korean hanwoo farmers' forage
cost volatility and managerial stability by estimating risk premium. The results indicate that the
risk premium of Korean hanwoo beef farmers rises as forage imports increase, due to the
liberalization of imported forage in South Korea, and the risk premium also increases as the
risk-aversion coefficient increases or the price volatility in imported forage increases within the
same scenario. The change in risk premium by breed type was higher for Hanwoo beef fattening
farmers than for Hanwoo beef breeding farmers.
|
