earticle

논문검색

Culture Convergence (CC)

Economic Effect of Local Feed Utilization in Korea

원문정보

초록

영어

Rice straw is the principal forage for Korean cattle. Limited supply of domestic forage forces Korea to depend on imported forage. Utilizing locally available domestic feed as an alternative would lead to self-sufficiency and stability in cattle farm management. Locally available feed can be utilized as forage. The challenge of collecting local feed has been overcome by machines that have been developed to harvest feed. Local feed can be completely consumed in the production regions, thus reducing transportation costs and increasing price competitiveness. Hitherto, studies have focused on feed technologies and price competitiveness, among other factors, while the substitution of forage has not been examined. This study conducts a quantitative analysis to estimate the extent to which local feed can replace existing forage. We find that local feed is cheaper, and abundantly available, and can thus replace high-quality forage.

목차

Abstract
1. Introduction
2. Current Status of Local Feeds in Korea
2.1 An Economic Analysis of the Local Feed Utilization
2.2 The Marginal Rate of Technical Substitution (MRTS) and Elasticity of Local Feed
2.3 The Marginal Rate of Technical Substitution (MRTS) between Local forage and Local feed
2.4 Marginal Replacement Rate between Imported Forage and Local Feeds
2.5 Alternative Elasticity between Local Forage and Local Feed
2.6 Alternative Elasticity between Local Forage and Local Feed
3. Analysis Result
4. Conclusion
Acknowledgement
References

저자정보

  • Byung Oh Lee Department of Agricultural and Resource Economics, Kang won National University, Chuncheon 24341, Korea
  • Jeong Hee Yang Agriculture and Life Science Research Institute, Kang won National University, Chuncheon 24341, Korea
  • Sang Youn Park National Institute of Crop Science, RDA, Wan ju-gun, lseo-myeon, hyeok sin-ro 181, Korea
  • Byeong Soon Lee Gang won-Do, Hwa cheon-Gun, Hwa cheon-Eub, Sancheoneogil 206 Korea

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