| 초록 |
The new rice income compensation act (target price system) that consists of fixed direct payments and variable direct payments has been imposed. The introduction of rice yield insurance has been considered. This paper analyzes producer preference, producer welfare and efficiency of rice income stabilization policy measures using a producer preference model and a numerical simulation. The results show that the producer welfare effect of the combination of fixed direct payments and revenue insurance is larger than that of fixed direct payments, variable direct payments and yield insurance. The results also indicate that the combination of fixed direct payments and revenue insurance is more efficient than that of fixed direct payments, variable direct payments and yield insurance. These results imply that revenue insurance program is applicable in rice production.
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