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2025 Vol.37, Issue 3 Preview Page

Research Article

Impact of Market Opening on the Agricultural Income of Livestock Farmers
Byoung Hoon Lee1*
1Professor, Department of Agricultural & Resource Economics,Kangwon National University, Chuncheon 24341, Korea
*Corresponding Author
30 September 2025. pp. 208-218
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Abstract

To analyze the effect of market opening on the agricultural income of livestock farms, this study evaluated livestock product prices, productivity, and input costs. Analysis of productivity changes following market opening, revealed that the increase in livestock product imports contributed to improvements in livestock agriculture productivity. Analysis of changes in agricultural income and income volatility for each major livestock breed that suffered direct or indirect damage from market opening showed that market opening negatively affected the agricultural income of most livestock species analyzed. Contrary to expectations, income volatility did not provide evidence of being affected by market opening.

Keywords
Agricultural income
Income determinants
Livestock industry
Total factor productivity
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Information
  • Publisher :Agriculture and Life Sciences Research Institute, Kangwon National University
  • Publisher(Ko) :None
  • Journal Title :Journal of Agricultural, Life and Environmental Sciences
  • Volume : 37
  • No :3
  • Pages :208-218
  • Received Date : 2025-04-15
  • Revised Date : 2025-08-11
  • Accepted Date : 2025-08-12
  • DOI :https://doi.org/10.22698/jales.20250017
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