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Title : Rice Production Cost Survey in 2009
Writer : 관리자 Date : 2010-04-02

Rice Production Costs in 2009

Rice production costs per 10a marked 624,970 won in 2009, down 0.7 percent from 2008.

- Direct costs grew 3.5 percent from the previous year, which was caused by the increase in the costs of fertilizer and agricultural chemicals.

- Indirect costs fell 6.4 percent from the previous year, which was caused by the decrease in the costs of land services.

Rice production costs per 80kg dropped 3.7 percent from the previous year to 90,758 won in 2009.

- The decrease in rice production costs per 80kg was caused by the 2.7 percent increase in rice yield per 10a compared to the previous year.

< Rice Production Costs >

Classification 2008 2009 Change Percent change
- Rice production costs per 10a (won) 629,677 624,970 -4,707 -0.7
· Direct costs 358,618 371,144 12,526 3.5
· Indirect costs 271,059 253,826 -17,233 -6.4
- Rice production costs per 80kg (won) 94,215 90,758 -3,457 -3.7
- Rice yield per 10a (kg) 520 534 14 2.7

Rice Production Costs by Year

Rice production costs per 10a edged down by 0.7 percent owing to the decrease in the costs of land services.

Rice production costs per 80kg recorded a decrease due to the increase in rice yield per 10a.

< Rice Production Costs by Year >

(Unit: won, %, kg)
Classification 2005 2006 2007 2008 2009
□ Rice production costs per 10a 587,895 600,120 607,354 629,677 624,970
- Percent change 0.0 2.1 1.2 3.7 -0.7
□ Rice production costs per 80kg 93,410 94,689 101,491 94,215 90,758
- Percent change 2.4 1.4 7.2 -7.2 -3.7
□ Rice yield per 10a 490 493 466 520 534
- Percent change -2.8 0.6 -5.5 11.6 2.7

Profitability

The net profit ratio and the income ratio per 10a went down by 4.1%p and 3.4%p, respectively.

In 2009, the net profit ratio and the income ratio marked a decrease due to a drop in gross receipts. The net profit ratio and the income ratio increased in 2008 after having shown a decreasing trend since 2005.

< Profitability by Year >

(Unit: won, %)
Classificatio 2005 2006 2007 2008 2009
□ Gross receipts 879,411 892,067 854,241 1,013,362 944,438
□ Production costs 587,895 600,120 607,354 629,677 624,970
- Agricultural management costs 333,635 349,599 364,293 389,620 395,126
□ Net profit per 10a 291,516 291,946 246,887 383,685 319,468
- Net profit ratio* 33.1 32.7 28.9 37.9 33.8
□ Income per 10a 545,776 542,468 489,948 623,742 549,312
- Income ratio** 62.1 60.8 57.4 61.6 58.2
* Net profit ratio = (Gross receipts - Production costs)/Gross receipts×100
** Income ratio = (Gross receipts - Agricultural management costs)/Gross receipts×100
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