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A Comparative Review Of Structural Changes In South Korea And South Dakota Agriculture, Larry Janssen, Yong Kwon

Economics Staff Paper Series

Structural change is an ongoing feature of economic development around the world. Despite vast differences in the structural organization of South Korean and South Dakota (U.S) agriculture, many structural changes are similar. This paper includes a comparative review of selected structural changes in Korean and South Dakota (U.S.) agriculture and the relative impact of forces affecting structural changes in both nations. Reduced economic impact of farm sector, farm population and farm size trends, full-time vs. part-time farming, changing food consumption, imports and exports are some of the major structural trends examined. Implications of changing agricultural structure in South Korea and …