ABSTRACT
This chapter observes the degree of commercialization of the general crop farms in Korean agriculture and presents empirical data on the effect of commercialization on farm resources. It expresses the author's views on the applicability of the contemporary theories of economic analysis for the Korean agricultural setting. The agricultural resources in Korea are mostly employed for food-grain production. Rice and barley are the most important crops. About 85 per cent of the total domestic consumption of food grains is supplied domestically. The nonfarm population in Korea is about 40 per cent of the total population. As the Korean economy develops, the needs of farmers for cash to purchase goods and services for household consumption and for farm production tend to increase. The average index of commercialization for the general crop farms in Korea is estimated as somewhere around 40 to 50 per cent.
