This study refers to the derivation of simple crop yield prediction equation by using KOMPSAT-2 derived vegetation index. For a 1.25 ha small farm area located in the middle part of South Korea, the KOMPSAT-2 panchromatic and multi-spectral images of 31th August 2008, 17th November 2008, and 10th September 2009 were used. The field spectral reflectance during growing period for the 6 crops (rice, potato, corn, red pepper, garlic, and bean) were measured using ground spectroradiometer and the yield was investigated. Among the 6 vegetation indices (VI), the NDVI and ARVI between measured and image derived showed high relationship with the coefficient of determination of 0.85 and 0.95 respectively. Using the 3 years field data, the NDVI and ARVI regression curves were derived, and the yields were tried to compare with the maximum VIs value.