Enter 2021.03.15 06:00
During the same period, 2011-2021, the nationwide apartment sale price index rose 24.9% in the Korea Real Estate Agency survey. The rate of increase in the price of paddy fields exceeded the rate of increase in apartment prices. It means that the price of farmland has risen more than the price of apartments that have risen ceaselessly with a’billion’ sound.
The Constitution and the Farmland Act prescribe the principle of light-free ownership (only farmers can own farmland). Farmland is the basis for supplying national food. Article 3, Paragraph 2 of the Farmland Act stipulates that’farmland must be owned and used in the direction of increasing agricultural productivity, and must not be subject to dumping’.
It prescribes that only farmers own farmland, but in reality, the two-hearted is deep. When the area is less than 1000㎡, there are many cases in which non-farmers can dig into an exception that allows them to own farmland. Weekend·Experience Farming (individuals other than farmers to cultivate crops or cultivate perennial plants for hobbies or leisure activities using weekends, etc.) That’s it. If it is more than 1000㎡, the registration transfer is only possible when the agricultural management plan is submitted and the agricultural odor certificate is issued.
According to the Korea Rural Community Corporation’s own survey data, the actual farmland transaction price per square meter in Jeju rose from 32845 million won in 2010 to 148063 won in 2016, an annual average increase of about 70%. It is a number that cannot be explained if only the demand for the actual transaction of farmers who want to build farming worked.
In the metropolitan area, there have been a number of cases where the price of farmland has risen sharply in certain regions, resulting in a hand change. When news spread that development was taking place in a specific area, such as the Gwangmyeong Siheung District, which was designated as the third new city, demand for speculation flows into nearby farmland and land prices surged. It is a technique that aims for land compensation or buys farmland near the project site to be developed, and then aims for a market price difference or change of the title to the site.
The Korea Rural Economic Research Institute said in a report that out of the total domestic arable land area as of 2015, the ratio of farmland-owned area was 944,000 ha, which was only 56.2%. Compared to 20 years ago (67.0%), the area of farmland ownership by farmers is gradually decreasing.
“Probably 30-50% of domestic farmland was owned by investors,” said Yoon Seok-won, an emeritus professor at Chung-Ang University. “The problem is that the amount of farmland owned by domestic farmers, which is important in terms of food security and food sovereignty, is gradually decreasing due to the demand for speculation,” he said. “It is necessary to severely punish the demand for speculation by violating the farmland law by investigating the state of ownership and use of farmland. “I said.
Jun-seok Ko, adjunct professor at Dongguk University’s Graduate School of Law, said, “Unlike apartments, land has poor currency and special rights that are not written on the register are often operated, making it difficult to invest unless you are an expert.” “This means that farmland investors are more specialized people than apartment investors. “I said. “If foreign investors don’t buy it, the price of farmland cannot go up like this.”