Urban Farm DB
Research catalogue
Database research record2007·South Korea

체재형 가족농원 사업의 비용편익 분석

이민수, 박덕병, 황대용

농어촌관광연구

Urban Farm DB summary

A cost-benefit analysis of Sunchang County's 2007 pilot "allotment garden with log house" program (family farm-stay plots), launched by South Korea's Rural Development Administration in JeonBuk Province, using the county's internal records and interviews with project managers. The analysis found the program to be an inefficient business with a weak cost-benefit structure that produced a negative net benefit: at an assumed 6.5% discount rate, net present value was estimated at -262 million won, with a benefit-cost ratio of 0.70 and an internal rate of return of 2.7%. The authors nonetheless conclude the program is worth maintaining as part of the government's balanced regional development policy.