농작업 대행사업 경제성 분석 - 나주시 봉황면 사례를 중심으로

• Published in: 농촌지도와 개발 Vol. 28; no. 4; pp. 167 - 174
• Main Authors: 이정민, 신승엽, Lee, Jeong-Min, Shin, Seung-Yeoub
• Format: Journal Article
• Language: Korean
• Published: 한국농촌지도학회 01.12.2021
• Subjects: 농학
• ISSN: 1976-3107; 2384-3705

This study analyzed the feasibility of custom work service to deal with the imbalance of farm labor supply due to population aging. The economic feasibility analysis is based on the case of Bonghwang-myeon in Naju-si, where the majority of farm work is entrusted to local agricultural cooperative. To assess the project profitability and economic feasibility based on the projected cash flow for the next ten years, Return On Investment (ROI), Net Present Value (NPV), and Internal Rate of Return (IRR) of the projects were calculated. The results showed that ROI is estimated at 13.7%, and NPV and IRR are KRW 1,504,932,000 and 15.6%, respectively, with a discount rate of 4.5%, indicating a good enough profitability. Furthermore, a sensitivity analysis with government support as part of an assumption showed that without the support, NPV turns negative, implying that the project is not profitable, and that government support for at least 30% of the cost is needed to secure the economic feasibility of a project. Hence, to promote agricultural work entrustment, it is necessary for the government to partly support the agricultural machinery and facility costs, which require a considerable amount of initial investment.