계약재배 안정화사업의 옵션 가치 평가

Huge price variation is the most damaging risk to the vegetable farms. the Korean government has recently remodelled the vegetable price stabilization policy to make it more attractive to farmers and cost efficient. The objective of this study is to evaluate the effectiveness of the new policy mechanism and seeks ways to improve. To this end we interpret the policy as a range forward which is composed of two options and conducted the Monte Carlo simulation. The results show that the new mechanism can improve farmer`s benefit, but there still is some room for more improvement.