Jurnal Manajemen & Agribisnis
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Does Climate Change Adaptation Improve Technical Efficiency of Rice Farming? Findings From Yogyakarta Province Indonesia
Get PDFFood security of the Indonesian population is threatened because climate change has the potential to reduce technical efficiency of rice production. To adapt and reduce these negative impacts, farmers implement climate change adaptation strategies. This study aims to determine how the effect of climate change adaptation on the technical efficiency of rice farming. Research data was collected through interviews with 112 rice farmers in Sleman Regency. We carried out two stages of analysis, namely stochastic frontier analysis to determine the production function and efficiency level, and tobit regression to determine the effect of adaptation strategy on technical efficiency. The findings indicate that most farmers use short-lived varieties and apply two types of adaptation strategies in one growing season. By increasing the number of adaptation strategies, the technical efficiency of rice farming will increase. These results have important policy implications for increasing the adoption of adaptation strategies by farmers. The government and farmers should collaborate to formulate adaptation strategy policies to provide farmers with a choice of adaptation strategies.
Keywords: adaptation, agricultural development, climate change, rice farming, technical efficienc
Determinant and Convergence of Fishers Term of Trade in Indonesia With Spatial Approach
Get PDFThis study aims to analyze the determinants and convergence of the Fishers Term of Trade (FiTT) and analyze government policies supporting increasing FiTT in Indonesia. The analysis used is the global moran index, dynamic spatial panel data regression, and descriptive analysis. The analysis results show spatial dependencies of FiTT with a clustered pattern. Provinces in quadrants III and IV in quadrant analysis indicate the need to evaluate government assistance policies. The determinants of FiTT in the short and long term are the CPI, government assistance, production value, and labor in the capture fisheries sub-sector. There is a convergence of provincial FiTT with a relatively high speed of 152 percent per year, assuming no significant external shocks exist. The time required to close half of the FiTT is 0,46 years. Policies can be carried out by encouraging programs to increase production, exports, and consumption of capture fisheries. They were maximizing the functions of the Central Information Control Team (CICT) and Local Information Control Team (LICT) in controlling the inflation of consumer goods in rural areas and maintaining the policy of subsidized fuel for small-scale fisheries. Maintain fish price stability at the fisherman\u27s level by strengthening the National Fish Logistic System (NFLS), accelerating the implementation of the Warehouse Receipt System (WRS) for fishery commodities, and improving infrastructure that supports cold storage development, especially electricity availability. In addition, expanding the scope of the business area of PT Perikanan Indonesia and increasing its role as a logistics agency for fisheries.
Keywords: convergence, fishermen, FiTT, spatial, welfar
Impact of Rice Production, Rice Supply And Rice Prices on Food Security in North Timor District
Get PDFThis research was conducted in North Central Timor District, with the aim of analyzing food security by making the variables of rice production, rice supply, and rice prices as indicators that have an impact on food security. The analytical approach used is quantitative analysis with the ordinary least square. The results of the research analysis show that rice production has a positive and significant effect on food security. The availability of rice affects food security. Meanwhile, the price of rice has no effect on food security. Rice is a basic need so that when there is a price change it does not affect food security in the community. From the results of this study, it is hoped that the local government will carry out an extensification and diversification program for agricultural land so that there will be more and more variety in preparing food security for the people as well as adding knowledge and references for writers related to food security for the people of North Central Timor.
Keywords: rice production, rice availability, rice prices, food securit
Competitiveness of The Top 15 Main Export Destinations of Indonesia\u27s Natural Rubber for 1991–2020
Get PDFThis study aims to analyze the position and performance of Indonesia\u27s natural rubber exports in terms of the concept of comparative advantage in the market world. The data used in this study were sourced from UN Comtrade, which is processed with a 30-year data series (1991-2020) and is categorized into six periods. The analytical methods used are Structural Trend Ranking (STR), Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), and X-Model. The results showed that 15 countries have consistently been the main Indonesian natural rubber market for 30 years. The RCA analysis showed that Indonesian natural rubber had strong competitiveness in all destination countries, except India in the first period. In contrast, the EPD analysis found that Indonesia\u27s rubber market position was not always static and competitive. There was shown in the period 2011-2015, the average position of Indonesia\u27s natural rubber market is in a market position that is not wanted to "retreat" in export destination countries. However, based on the X-Model results, the average Indonesian natural rubber is in a potential market position in all export destination countries in the 1991-2020 period.
Keywords: Export Product Dynamic (EPD), natural rubber, Revealed Comparative Advantage (RCA), Structural Trend Ranking (STR), x-mode
The Exchange Rate Volatility Impact on Agricultural Trade: An Evidence From Indonesian Pepper Export
Get PDFPepper (Piper nigrum) is one of the most exported spices in Indonesia followed by cinnamon, cloves, and vanilla. Due to its strong dependency on international trade, Indonesian pepper exports are suspected to be prone to exchange rate volatility risks. Traditionally, exchange rate volatility is perceived to discourage exports. However, studies to date remain to provide an open question on whether volatile exchange rates discourage exports. This paper aims to examine the impact of exchange rate volatility on Indonesian pepper exports to its main trading partners from 2005 to 2019. Using gravity model and GARCH (1,1) for volatility measurement, the results reveal that Indonesian pepper exports are not affected significantly by exchange rate volatility. This is because Indonesia has been in the position as a net exporter of pepper where a majority of its production is consumed abroad and pepper only costs a small percentage of the total cost of food productions.
Keywords: exchange rate volatility, GARCH (1,1), gravity model, Indonesian pepper trade, Indonesian spic
The Characteristics of Government Sukuk Return Volatility Before and During Covid-19, and After Implementation of Primary Dealer System
Get PDFGovernment Sukuk (SBSN) has been launched since 2008, but it assumed illiquid. Therefore, the Ministry of Finance in 2020 regulates primary dealer for SBSN. At the same time, the restrictions on mobility due to the Covid-19 Pandemic in 2020 triggered negative sentiment. It increased volatility in the capital market. Asymmetric volatility occurs when market crash. The purpose of this study is to identify characteristics of government sukuk return volatility before and during the Covid-19 pandemic and after the implementation primary dealer system using EGARCH. The results show that SBSN responds to shocks more quickly during the pandemic. The benchmark series responds to shocks faster than non-benchmark. Moreover, during the pandemic, PBS04, PBS05, PBS07 and PBS22 were categorized high risk-high return. PBS02, PBS11, PBS14, PBS19, and SR10 were categorized low risk-low return. PBS17, PBS12, PBS15 and PBS21 were catogerized high risk-low return. PBS02, PBS14, PBS19, PBS17, PBS12 and SR10 have negative asymmetric return volatility. Furthermore, SBSN benchmark series PBS05 and PBS25 were categorized high risk-high return, PBS02 were categorized low risk-low return, and PBS026 were categorized high risk-low return. Most of the benchmark series have negative asymmetric return volatility.
Keywords: Asymmetric volatility return, Covid-19, EGARCH, government sukuk, primary deale
Analysis of Farmer Perceptions in Adopting The Integrated Farming System: A Case Study of Oil Palm Plantation in Riau Province
Get PDFCrop-livestock integration is a future agricultural system that can increase the added value of farming while and being environmentally friendly. However, it is not widely used by oil palm farmers. Oil palm integration with cattle is expected to meet the demand for oil palm organic fertilizer and utilize palm fronds as animal feed. The objective of this research is to analyse the factors that influence farmers’ decisions to implementing oil palm-cattle integration. A survey was conducted with 300 respondent who were chosen with purposive sampling with two categories: integrated farming and non-integrated farming. The logistic model was used to analyze adoption factors. The result shows that factors influencing the decision of farmers to adopt oil palm-cattle integration are the time of involvement of household head in farming, extension services, income from oil palm, and the household’s dependent ratio. Meanwhile, the factors that do not encourage farmers to adopt oil palm-cattle integration are formal education and involvement in farmer groups. The results observed several socio-economic factors that can lead to the increase of the crop-livestock integration such as farmers still requiring good extension and training.
Keywords: adoption, logistic model, oil palm-cattle integration, smallholder
Business Development Strategy of Instant Ginger Start-Up in The Covid-19 Pandemic
Get PDFCOVID-19 has changed people\u27s lifestyles and transaction behavior. People switch to a healthier lifestyle and use digital marketing for daily transactions. Arvan Natural Group, a start-up company that produces ginger powder, must be able to optimize these opportunities. The increment of a competitor in the health drink sector has even tighter competition. In addition, this company faces several problems regarding raw materials (continuity and quality), product development, and limited channels. Therefore, this study aims to identify existing business models, develop alternative strategies, prioritize business strategies, and build a new business model. The data processing technique thoroughly analyzes BMC, SWOT, IFE/EFE, and QSPM. Experts working in biopharmaceutical research and business give the weights and ratings. IE matrix showed the company\u27s position is in quadrant II (2.92, 3.02). It is categorized as grow and build strategy. Based on QSPM analysis, strategies classified as high urgency and plotting in the new business model are expanding channels (strategic location, reseller system), adding advertisement budget and joining promotion events, and applying for bonus promotion. Besides, there are differentiating products, creating an operational partnership system with farmers, improving marketing content (video), applying the functional structure of human resources, and creating product size variety.
Keywords: BMC, digital marketing, lifestyle, QSPM, SWO
The Critical Role of Social Capital in Hotel Business Resilience
Get PDFThe COVID-19 outbreak provides the tourism industry incalculable lessons. Many businesses are concentrating on resilience, but few have explored the potential benefits of social capital. This article explains how utilising social capital might help business hotels boost their resilience during times of crisis. Social capital is inextricably linked to social networks, group collaboration, and trust among internal and external stakeholders. The research conducts in March to August 2021. The data was assessed qualitatively through interviews with four informants from the hospitality industry (Hotel Managers) and hotel associations. According to the research, social capital manifests itself in a variety of ways to assist hotels in times of difficulty. Internally, fighting a pandemic requires a willingness to compromise, with the hotel\u27s leadership and creativity playing a critical role. Externally, the government\u27s and associations\u27 roles have a significant impact on hotel resiliency. Collaboration with associations and other external parties has been demonstrated to assist hotels during times of crises. Social capital cannot be created instantly but must be nurtured from the beginning of the hotel\u27s operations. In turn, the social capital that has been established will ensure the hotel\u27s long-term sustainability facing challenges.
Keywords: social capital, hotel resilience, COVID-19, tourism industry, business sustainabilit
Determinants and Alternative Strategies in Improving The Financial Performance of Sharia Commercial Banks in Indonesia
Get PDFThis study is to examine the impact of internal and external factors on the profitability of Islamic commercial banks and to provide suitable solutions for enhancing their financial performance. This study utilizes original data collected from Islamic banking specialists that have experience, professionalism and a proven track record, as well as are true experts in their disciplines. Secondary data are gathered from the Financial Services Authority\u27s (OJK) annual report on the financial performance of Islamic banks in Indonesia for the period 2013-2020 and 2013-2020 macroeconomic data. Using qualitative descriptive, panel data regression, and Analytical Hierarchy Analysis (AHP), the data were evaluated. The results of the study indicate that Bank Muamalat is the bank with the worst performance, whereas BTPN Syariah is regarded as the most outstanding since it is the sharia bank with the best performance. Only BOPO and FDR have a substantial impact on the profitability of Islamic Commercial Banks (ROA), with BOPO having a negative impact and FDR having a favorable impact. Inflation and the BI Rate have no substantial impact on profitability as external factors. As the primary approach, Sharia commercial banks must improve services and develop business segmentation based on risk tolerance. Trust and capital are the most crucial aspects in the success of this strategy. Directors as top-level managers play a crucial role in setting the direction of business policies and objectives, whereas employees play a part in the successful implementation of strategies. The ultimate objective of this strategy is to enhance consumer confidence and maximize profitability.
Keywords: analytical hierarchy process (AHP), financial performance, financial service authority (OJK), islamic banking and profitabilit