Jurnal Manajemen & Agribisnis
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Factors Affecting Crowdfunding Investor Number in Agricultural Projects: The Dummy Regression Model
Get PDFAs an important sector in the Indonesian economy, the low capital problems in agriculture should be solved. Crowdfunding is one of the solutions gaining modal from society. This agricultural investment could be an attractive personal asset, too. But, no information yet about the complete characteristics of agricultural projects that fetching the people\u27s participation to invest. Hence, the aim of this research is to find out the factors that influence people\u27s participation in agricultural business investment with crowdfunding schemes. The quantitative data collected from 468 agricultural projects held by agricultural business startup PT. XYZ was analyzed. The six characteristics of the project are role as independents factors. They were project types (loans and profit sharing), project fields (agriculture, livestock, and fisheries), project risk (low, moderate, and high), project duration, the amount of capital needed and profit assumption. All the factors have been analyzed by a multiple regression model to estimate the number of investors. The results showed that the number of crowdfunding agriculture-based projects investor can be modeled by dummy regression. The longer project duration will decrease the number of investors by 0.577 people. The higher risk of the project will lower the number of investors. Based on the projects field, the most interesting projects are the livestock project, followed by agriculture and the last is the fisheries project. Overall, the project period, project risk and project field are the factors that influence people\u27s participation in agricultural business investment with crowdfunding schemes. In the future, crowdfunding livestock projects with a short implementation period (around 3 months), and low risk can be sought so that more people participate in becoming investors.
Keywords: crowdfunding, agriculture project, agricultural investment, multiple regression model, dummy regressio
Root Cause Analysis on Development of Sustainable Fisheries Business in Indonesia
Get PDFThe development of the capture fisheries sector is significant to improve the national economy, but the development of this sector needs to be regulated to create a sustainable business and ecology of capture fisheries. This study aims to examine the development of the sustainable fisheries sector in Indonesia. This research uses descriptive qualitative method by collecting data from literature studies and focus group discussions (FGD). This study was further analyzed using root cause analysis (RCA). Based on these results, the policy recommendation was obtained to realize sustainable fisheries in Indonesia. This policy recommendation also needs to be supported by government support, such as forming a fishery platform that serves as a mediator for stakeholders so that the policy that is created will positively impact the stakeholders from upstream to downstream.
Keywords: capture fisheries, strategy, sustainability, root cause analysis (RCA
TECHNOLOGY ADOPTION AND TECHNICAL EFFICIENCY OF OIL PALM SMALLHOLDER PLANTATION IN RIAU AND WEST KALIMANTAN
Get PDFThis study was conducted to assess the role of adoption of oil palm cultivation technology that has been recommended by the government (RI Regulation of the Minister of Agriculture No 131 / Permentan / OT.140 / 12/2013 concerning Guidelines for Good Oil Palm Cultivation) on production efficiency from smallholder plantations on the dependent smallholder and independent smallholder in Riau and West Kalimantan. Specifically, this study is: (1) to analyze the factors that influence the level of production and analyze the technical efficiency of smallholder oil palm in Riau and West Kalimantan, (2) to analyze the effect of intensity of technology adoption on productivity and efficiency of smallholder oil palm production in Riau and West Kalimantan, (3) To identify the factors affecting technical inefficiency in smallholder plantations in Riau and West Kalimantan. The research objectives were analyzed by using a stochastic frontier model to estimate productivity, the level of technical efficiency, and producer inefficiency simultaneously with allocative efficiency and economic efficiency. The results showed that smallholder oil palm farmers who adopt all recommended technologies compared to farmers who adopt not all recommended technologies had higher production efficiency. Analysis of technical efficiency showed that farmers in the dependent smallholder were more technically efficient than independent smallholders. Farmers who adopt more technology and had more experience, had higher efficiency than others. Farmers who were often associated with extension workers and more experience had higher efficiency than others.
Keywords: oil palm smallholder, technology adoption, technical efficiency, Riau, West Kalimanta
DYNAMICS OF CATTLE FATTENING INDUSTRY IN INDONESIA
Get PDFThe cattle fattening industry faces challenges from external factors, especially macroeconomic conditions and industry challenges with the increasing beef substitution imports to replace fresh beef. This research aimed to analyze the dynamics of cattle fattening industry in Indonesia. Porter\u27s Five Forces analysis was conducted to see the mapping of competitions in the cattle fattening industry. PESTEL analysis was conducted to see external factors that affected live cattle imports in Indonesia. Cointegration and Error Correction Model analysis was conducted to see important and influencing factors of live cattle imports in Indonesia as the dependent variables and exchange rates, Gross Domestic Product, beef imports, beef offal imports and buffalo meat imports as the independent variables. This research used time series data based on the 2011-2019 data obtained from the Central Statistics Agency, the Ministry of Agriculture and Bank Indonesia. The results of Porter\u27s Five Forces analysis showed high competition in the cattle fattening industry with the threat of substitute products, which was the factor that fully needed a response with the right strategy by the cattle fattening industry. The results of PESTEL analysis showed that external factors had a high effect on the cattle fattening industry, with the most important things that needed to be considered based on conditions, influences on the industry and level of importance including the factors of the development of animal feed technology, exchange rate fluctuation and national economic growth. The results of the Cointegration and Error Correction Model analysis showed that the factors that were important and affected live cattle imports in Indonesia included exchange rates, beef imports and buffalo meat imports.
Keywords: beef, buffalo meat, error correction model, exchange rate, live cattl
Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
Get PDFhe agriculture, forestry, and fisheries sectors have a share of 22.05% with 4.21% growth in North Sulawesi. The fisheries sub-sector dominates by 30%. The disbursement of banking institutions\u27 credit for the sector increased by 35% in 2015-2017 but absorbs only 7% of total loans disbursed. The reluctance of formal financial institutions to provide credit to improve small fisheries has increased in non-formal financing. This study identifies factors influencing financing sources choice, comparison of bank and non-bank financing sources, and recommend adaptive financing patterns for small fisheries. Based on descriptive qualitative analysis of in-depth interviews with 32 respondents from 85 Pajeko fishers (mini purse seine) in the Bitung Oceanic Fishing Port (PPS), concluded that 97% of Pajeko fishers in Bitung chose non-bank to finance their operation with determinant factors of financial source: (i) easiness administration (88%), (ii) payment flexibility (78%), and (iii) collateral (69%). The result of comparison simulation shows that boat owner financing with profit sharing for three (boat, boat owner, crews) is the most profitable for the boat owner, while bank loan financing with profit sharing for two (boat owner, crews) is the most profitable for crews. Accordingly, an adaptive financing strategy development is recommended for banking institutions based on influencing factors of fisher’s choices and Pajeko fisher’s characteristics-based approach.
Keywords: Pajeko fishery, resource of financing, bank financing source, non-bank financing source, adaptive financin
A STUDY OF LONG BEAN VEGETABLE MARKETING (Vigna Sinesis L) IN AMBULU DISTRICT, JEMBER REGENCY
Get PDFLong bean vegetable farming in Ambulu Subdistrict, Jember Regency has a huge potential as indicated by the high demand for these vegetables. However, the price of long beans in Jember Regency at the retail level is too high and has implications for high marketing margins. The objectives of this study are: 1) To determine the performance pattern of long bean marketing channels formed, 2) Analyze the marketing value of long beans, and 3) Analyze the elasticity of long price transmission. The research method used is descriptive method with survey techniques and snowbolling sampling. To achieve the research objectives, each approach uses descriptive analysis, farmer\u27s share (marketing efficiency), and price transmission elasticity. The results of the study revealed that 1) The pattern of long bean marketing channels formed by two channel patterns, namely the second and first level channels, 2) The first (second level) marketing channel pattern has a marketing margin of IDR 3,383 per kg, and the second marketing channel pattern (level one) has a marketing margin of IDR 1,500 per kg, and 3) The pattern of established marketing channels generally has a price transmission elasticity of Et = 1.17 and the shape of the lead market structure Oligopoly
Determinants of Agripreneurial Career Intentions: Evidence From Agriculture Students
Get PDFThe participation of young people in agriculture is essential for addressing issues of food security, youth unemployment, ageing farmers, and the digital revolution in the agriculture and food sectors. Various programs have been conducted by the Government of Indonesia (including One Million Millennial Farmers Movement Program), by the private sector, and by universities to raise the interest of students and increase the number of young farmers in the agricultural and food industry. These programs are a response to the continuing decline in the number of Indonesian farm households and the need to attract younger entrants into the industry. This study analyses the factors that influence the intention of agricultural students to become agripreneurs using a modified theory of planned behaviour (TPB) approach. Data obtained from a survey of 204 agricultural students at IPB University using a voluntary sampling method and analysed using partial least squares structural equation modelling (PLS SEM). The results showed that individual characteristics, attitudes, subjective norms, and perceived behavioural control of agricultural students had a significant effect on the intention to become an agripreneur. The study also showed that family background did not significantly influence the intention of agricultural university students to become an agripreneur. The findings contribute to the literature by providing a better understanding of the role that agriculture education and training plays in increasing students’ intention to work in agriculture.
Keywords: agriculture education, agripreneur, agripreneurship, intention, youth farme
Measurement of Logistic Performance of Imported Frozen Meat in Perum Bulog
Get PDFPerum BULOG received a mission to import frozen meat by the government in accordance with Presidential Regulation of the Republic of Indonesia Number 48 of 2016. As a company engaged in food logistics, Perum BULOG is expected to be able to carry out imported frozen meat logistics activities to meet domestic needs. Logistics activities of imported frozen meat in Perum BULOG are divided into three stages, starting from the assignment mechanism, import mechanism, and sales mechanism. This causes the realization of frozen meat has not been achieved in accordance with the assignment. This study aims to measure the logistics performance of the imported frozen meat logistics activities carried out by the State Logistics Agency. The analytical method used the Logistic Scorecard Model, by identifying business strategies to obtain KPIs, and compiling logistical performance measurements. The results obtained by the logistics performance score of 2.691. This means that logistical performance for imported frozen meats run by Perum BULOG is at level 2, so Perum BULOG\u27s logistics performance is poor. The improvement recommendation is by making a map of the frozen meat commodity business and making a direct shipping distribution strategy.
Keywords: activities of logistics, logistics performance measurement, logistic scorecard, perum bulog, frozen mea
The Effect of The European Union Biomass Regulation and Export Taxation on Palm Oil Export
Get PDFThe European Union is one of the world\u27s largest markets for palm oil products. This study used the gravity models theory to analyze the potential changes of palm oil trade flow from Indonesia and Malaysia with a focus destination countries to the European Union. The focus of the study is to analyze the decreasing or increasing trade flow of palm oil due to the biomass regulation changes in the European Union and the export tax on palm oil. The research model involved 85 percent of the global palm oil market which is 61 countries of refined palm oil (RPO) consumers and 23 countries of crude palm oil (CPO) consumers over the period dating from 2006 to 2018. The two types of palm oil export products are clearly distinguished to see the different changes in both types of products trade flow due to the influential factors. The gravity model for analyzing data uses OLS and PPML regression. The results show that the CPO export tax has a significant positive impact on RPO exports but does not have a significant impact on CPO exports. Similar analysis results occur in the variable of biomass regulation change in the European Union, which has a significant negative impact on RPO exports but does not have a significant impact on CPO exports.
Keywords: biodiesel, biomass regulation, export tax, gravity mode
The The Effects of Entrepreneurial Behavior on Seaweed Business Performance in Takalar Regency
No full textSeaweed is one of the main aquaculture products which has high economic value and serves as strategic business opportunities. Seaweed farming becomes the main livelihood for people in Takalar Regency, so it is necessary to improve the working quality of seaweed farmers through the development of entrepreneurial behavior as a new variable in improving the performance of seaweed business. This research is intended to examine the effects of the environment on farmers’ entrepreneurial behavior and the effects of entrepreneurial behavior on seaweed business performance. This research takes place in two different production districts, which are Mangarabombang district and Mappakasunggu district, with 150 respondents of seaweed farmers conducted by simple random sampling. The data analysis method used in this research is the Structural Equation Model (SEM) using AMOS 23 software. The result shows that there are insignificant positive impacts of the internal environment on farmers’ entrepreneurial behavior as the value of t-statistic is 1.61 < 1.96, while there are significant positive impacts of the external environment on farmers’ entrepreneurial behavior with the coefficient value of 0.58 and t-statistic of 2.50. The entrepreneurial behavior is found to give significant and positive impacts towards farm performance with the coefficient value if 0.41 and t-statistic of 5.26 > 1.96. It shows that the development of farmers’ entrepreneurial behavior will improve the seaweed business performance in Takalar Regency.
Keywords: entrepreneurial behavior, business performance, seaweed, structural equation mode