초록 열기/닫기 버튼
The purpose of this research is to analyze on the validity and adequacy of the difference in unit price of Public-interest direct payment system between Agricultural promotion area and Non-promotion area. The findings from the analysis show that the land price of farmlands in the agriculture promotion area are relatively lower than those in the non-promotion area. The difference in farmland prices between the two regions can be interpreted as the effect of lowering the average asset value caused by the designation of the agriculture promotion area. Therefore, the current direct payment system that sets a higher unit price for farmlands within the agriculture promotion area as a financial support measure to lessen the gap due to regulation can be seen as reasonable in terms of equity. Nonetheless, the result of the analysis on the adequacy of the unit price of the direct payment between the agriculture promotion area and non-promotion area based on the present value theory suggests that the unit price for the former is still comparatively low.
