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Vinyl, such as those in the form of mulching and vinyl houses, is used to improve agricultural productivity. It is generated as an agriculture waste vinyl (AWV) after use. The collected AWV is transported to a recycling facility and shredded, washed, and compressed to be recycled. Recycled materials can contribute to the circular economy of agriculture as they are used again as an agricultural plastic product. However, in Korea, there are concerns about the illegal disposal (landfill, incineration) of AWV. So, a new management model is needed in which stakeholders voluntarily establish an AWV management system. In this study, a sustainable management strategy was proposed. This strategy is reinforcing the responsibility of the producers of AWV and forms a value chain in the proper discharge after consumption by applying the deposit system proposed to recover AWV. Local governments and the National Agricultural Cooperative Federation (NH) proposed education to curb the illegal disposal of AWV, and for managing areas where a collection system has not yet been established, biodegradable mulching vinyl (BMV) was proposed to minimize the environmental pollution caused by AWV. It was calculated that the EPR contribution was 0.16 USD/kg, and the introduction of BMV was 0.42 USD/kg in Korea. This study will provide a new alternative in countries struggling with AWV management.