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Farm Household
  • Average farm household income in 2004 is KRW29,001,000, 7.9% (KRW2,123,000) up from KRW 26,878,000 in 2003.
    Such increase is due to 14.0% increase of farm income and 1.6% growth of non farm business income.
  • Farm household income trend
    		• (Unit: 1,000won)
  • Farm household income trend
  • Farm household income
    		• (Unit: 1,000won)
  • Farm household income
    1995 1998 2001 2002 2003 2004
    Farm household income 1) 21,803 20,494 23,907 24,475 26,878 29,001
    Current income 21,803 20,494 23,907 24,475 22,000 24,600
    Farm business income 10,469 8,955 11,267 11,274 10,572 12,050
    Non Farm business income 6,931 6,976 7,829 8,140 9,397 9,544
    transfer income 4,403 4,563 4,811 5,060 2,031 3,006
    Non current income - - - - 4,878 4,401
  • Note 1) Farm household income = current income (farm business income + non farm business income + transfer income) + non current income. In the survey in 2004, one time subsidy received from other households with leaner relation is counted as transfer income.
  • Structure of farm household income
  • IOut of farm household income, farm business income that indicates dependency level on farming accounts for 41.6%.
    Share of non farm business income decreased by 2.1% compared with a year before while share of farm business income increased by 2.3%.
    Korea's dependency level on farming (41.6%) is relatively higher than that of Japan (14.5%) in 2003.
  • component ratio of farm household income
    		•
  • component ratio of farm household income
    1995 1998 2001 2002 2003 2004
    Farm household income 1) 100.0 100.0 100.0 100.0 100.0 100.0
    Current income 100.0 100.0 100.0 100.0 81.9 84.8
    Farm business income 48.0 43.7 47.1 46.1 39.3 41.6
    Non Farm business income 31.8 34.0 32.8 33.2 35.0 32.9
    transfer income 20.2 22.3 20.1 20.7 7.6 10.4
    Non current income - - - - 18.1 15.21
  • * The farm dependency rate is the percentage of farm business income out of farm income.
  • Farm Business Income
  • Farm business income in 2004 is KRW12,050,000 14.0% (KRW1,478,000) up from KRW10,572,000 in 2003. Farm business income increased because the gross farm receipts rose 12.8% while farm management cost in this year showed relatively small increase (11.8%).
  • Farm business income
    		•  (Unit: 1,000won, %)
  • Farm business income
    1995 1998 2001 2002 2003 2004
    Farm household income(%) 10,469
    (65.4)    		 8,955
    (53.8)     		11,267
    (55.8)     		11,274
    (56.5)     		10,572
    (44.8)     		12,050
    (45.3)
    Gross farm receipts 16,012 16,630 20,193 19,951 23,611 26,623
    Farm management cost 5,543 7,675 8,927 8,677 13,039 14,572
  • Farm business income = gross farm receipts farm management cost
    Percentage of farm business income = (farm business income / gross farm receipts) X 100
  • Gross Farm Receipts
  • Gross farm receipts in 2004 is KRW26,623,000 increasing by 12.8% (KRW3,012,000) from KRW23,611,000 in 2003. It is because the import of farm products increased generally including rice (7.5%), vegetable (14.3%) and fruit (29.0%) although the import of livestock showed little decrease (-0.7%).
  • Gross farm receipts
    		•  (Unit : 1,000won)
  • Gross farm receipts
    1995 1998 2001 2002 2003 2004
    Gross income 16,012 16,630 20,193 19,951 13,611 26,623
    Rice income 5,450 6,703 8,277 7,471 8,049 8,653
    Livestock income 3,999 2,054 2,423 2,558 5,055 5,021
    Vegetable income 3,386 4,030 5,064 5,100 5,721 6,538
    Fruit income 1,542 2,119 2,407 2,632 2,298 2,964
    Other income 1,635 1,724 2,022 2,190 2,488 3,447
  • Fnote 1) other income includes income from barley, cereals, pulse, special crops, flowering grass, other crops, agricultural by products, miscellaneous receipts, etc.
  • Out of gross income of agricultural products, import of rice, vegetable, livestock product, fruits and others account for 32.5%, 24.6%, 18.9%, 11.1%, and 12.9% respectively.
  • As a consequence of the market liberalization, the shares of rice and fruit import out of the total have decreased by 7.8%p and 1.6%p respectively since 1998. On the other hand, percentage of vegetable and livestock product import increased by 0.4% and 6.6%p.
  • Component ratio of gross farm receipts
    		•  (Unit : %)
  • Component ratio of gross farm receipts
    1995 1998 2001 2002 2003 2004
    Gross income 100.0 100.0 100.0 100.0 100.0 100.0
    Rice income 34.0
    		 40.3
    		 41.0
    		 37.4
    		 34.1
    		 32.5
    Livestock income 24.9 12.3 12.0 12.8 21.4 18.9
    Vegetable income 21.1 24.2 25.1 25.6 24.2
    		 24.6
    Fruit income 9.6 12.7 11.9 13.2 9.7 11.1
    Other income 10.4 10.5 10.0 11.0 10.6 12.9
  • Farm Management Cost
  • Farm management cost in 2004 is KRW14,572,000 rising by 11.8% (KRW1,533,000) from KRW13,039,000 in 2003.
    The major causes of such increase are increase of labor cost (17.9%), and repair and farm appliances cost (9.6%) and decrease of the rental cost (13.0%).
  • Farm management cost
    		•  (Unit : 1,000won, %)
  • Farm management cost
    1995 1998 2001 2002 2003 2004
    Farm management cost 5,543 7,675 8,927 8,677 13,039 14,572
    Repair and farm appliances cost
    		 807 1,224 1,541 1,596 305 335
    Labor cost 441 495 593 635 808 952
    Cost for raising live stock 1,261 1,337 1,144 944 2,350 2,607
    Cost of fertilizer and agricultural chemicals 695 1,056 1,281 1,221 1,452 1,587
    Rental cost 1,070 1,254 1,625 1,664 1,515 1,318
    1,269 2,309 2,742 2,617 6,606 7,773
  • * note 1) seedling cost, others, heat and light expenses, repairing charges, tax and charges, interest payment, miscellaneous expenses, insurance cost, service charge, other sales and management cost, depreciation cost, etc.
  • Non-farm business income
  • Non-farm business income in 2004 is KRW9,544,000 growing by 1.6% (KRW147,000) from year 2003 (KRW9,397,000).
    Non-farm business income grew because non business income increased by 1.0% (KRW70,000) and side business income increased by 3.4% (KRW76,000).
  • Non farm business income
    		•  (Unit : 1,000won, %)
  • Non farm business income
    1995 1998 2001 2002 2003 2004
    Non farm business income 6,931 6,976 7,829 8,677 8,140 9,544
    Side business income

    		 1,527
    (22.0)
    		 1,213
    (17.4)
    		 1,491
    (19.0)
    		 1,454
    (17.9)
    		 2,266
    (24.1)    		 2,342
    (24.5)
    Non business income 5,404
    (78.0)    		 5,763
    (82.6)    		 6,338
    (81.0)    		 6,686
    (82.1)    		 7,131
    (75.9)    		 7,201
    (75.5)
  • note1) non farm business income = side business income + non business income ( ) is the component ratio.
  • transfer Income and Non-current Income
  • Total of transfer income and non-current income increases by 7.2%. transfer income increased by 48.0% while non-current income decreased by 9.8%.
  • * It is because one time subsidy received from other households with leaner relation which was part of non-current income before has been counted as transfer income from 2004.
  • transfer income and non current income
    		•  (Unit : 1,000won)
  • transfer income and non current income
    1995 1998 2001 2002 2003 2004
    Total 4,403 4,563

    4,811

    		 5,060 6,909 7,407
    transfer income

    		 4,403
    		 4,563
    		 4,811
    		 5,060
    		 2,031 3,006
    Non current income - - - - 4,878 4,401