The aim of this study is to estimate economic value of agricultural
technology development using the DREAM program.
The program calculates differences in production costs between with and
without adoption of new technology as an economic impact.
The DREAM approach is applied to rice direct seeding technique in this study.
The study sets up three scenarios depending on the rate of adoption and lifetime
of new technique.
The monetary values estimated are 216.1 billion won, 372.4 billion won, and
568.1 billion won for scenario 1, 2, and 3, repectively.