주택가격과 농지가격의 차별성 및 농지가격의 형성요인에 관한 연구

Abstract

This study is on the analysis of relationship between urban housing price and farmland price and of factors affecting formation of farmland price. For analytical data, housing and farmland prices (dry field and rice paddy prices), income of farming family, agricultural income and inflation rate were used. The analysis showed no relations between urban housing price and farmland price in most areas but correlation between upland and paddy field prices was very high. Though there was no cause and effect relationship between housing and farmland prices, paddy and upland fields showed causal relationship. According to the analysis on factors affecting farmland price, income of farming families had a relatively big impact, but no impact from agricultural income and inflation. The result of this study is as follows: First, though housing and farmland prices are disparate, it is identified that, as for types of farmland, upland and paddy field prices are quite homogeneous. Second, as analysis showed nonfarm income had a big impact on farmland price, it will be limited for farmers to expand the farmland scale with their income from agricultural management activities. As this study demonstrated the disparate aspect between housing and farmland prices, it seems that the difference in asset price formation in urban and farming areas will get intensified. It is also identified that it will be very limited for farmers to expand the scale of farmland only with their agricultural income. Therefore, efforts will be needed for balanced growth in urban and agricultural areas.