Jurnal Manajemen & Agribisnis
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Transaction Cost Analysis on Revenues and Profits of Red Chili Farming
Get PDFThis research aimed to analyze the transaction cost structure and the effect of transaction costs on the revenue and profit of red chili farming. The analytical methods used were Transaction Cost Economic (TCE) analysis and multiple regression analysis. This research was conducted in Garut Regency, West Java, on 145 farm households. The research results showed that the highest percentage of transaction cost components was at implementation costs of 25.1 percent, followed by information search costs of 23.1 percent and negotiation costs of 22.3 percent. The number of transaction costs formed in red chili farming was IDR 3,990 727.74 per year. The ratio of transaction costs to total costs was 0.0285. This indicated that farmers had to issue 2.85 percent of the total costs for transaction costs. In addition, the percentages of transaction costs for revenue and profit of red chili farming were 4.65 and 5.27 percent respectively. The results also showed that five variables had significant effects on the benefits of red chili farming. The five variables included the price of chili seeds, manure, insecticides, labor wages, and transaction costs
DYNAMIC SYSTEM MODEL OF RICE SELF SUFFICIENCY TOWARDS FOOD SECURITY
Get PDFFood security is the condition of fulfilling individual food that is sufficient, safe, equitable and affordable. The main target of fulfilling food sufficiency is dominated by rice self-sufficiency. Rice self-sufficiency is important because it has special reasons in terms of politics and social economy. The sustainability of rice self-sufficiency faces many challenges because domestic rice supply growth is not as fast as rice use. The purpose of this study is to simulate the scenario of achieving self-sufficiency in rice and formulating policy recommendations for developing management to achieve self-sufficiency in rice. Research data includes primary and secondary data. This research uses a dynamic system approach. Simulations carried out from 2018-2045. The simulated policy is intensification, extensification, suppression of postharvest losses and Indonesia a self-sufficiency country as well as an exporter of rice (scenario five), but the policy requires a very large budget. Scenario six, a combination of intensification, suppression of postharvest losses and land conversion becomes an alternative operational policy and is most likely to be applied. Land conversion is the biggest determinant in rice self-sufficiency. Recommendations address for the government include: (1) establish and protect longterm rice fields, (2) identify and map of areas that have the potential for the development of a periodic expansion of food crops; (3) guarantee the availability of agricultural facilities and infrastructure in accordance with the selected policy, both in the form of the application of scenario six and scenario five.
Keywords: dynamic system, food security, policy, rice, self-sufficienc
The Strategy for Improvement of "Enting Geti" Quality in Production Process with Fuzzy Analytical Hierarchy Process in Blitar Regency, East Java
Get PDFSMEs of peanut snack “Enting geti” in Blitar Regency is divided into several clusters based on performance and product quality. The center of Enting geti SMEs is in Rejowinangun village, Blitar Regency, East Java. The main problem in SMEs is the diversity of production process between SMEs and unstandardized formulas such as inconsistencies in quality. This study aimed at determining the best formula of Enting geti based on the Indonesian National Standard (SNI) and determining the quality improvement strategy of production process. This research used 2 methods of the consumer acceptance test (organoleptic test) analyzed with the Effectiveness Index and laboratory test with Multiple Attribute. The improved production process was on caramelization process and reduction of wijen composition. The treatments used were the cooking temperature of 75±2ºC and 85±2ºC. The results based on acceptance test and laboratory test showed that the second treatment (temperature 85±2ºC with 10% wijen reduction) was the best treatment. The priority of determining the strategy with Fuzzy Analytical Hierarchy Process found that the best strategy in the production process variable with an alternative strategy is to establish a partnership that can be done by building cooperation with several fixed suppliers and by improving the flow of information
The Interdependence of Indonesia Coffee Futures and Spot Market and Its Relationship with Offshore Futures Market
Get PDFIn the Indonesia coffee premature market, it is important to confirm whether the futures market has interdependence with the spot market. Moreover, as the world’s largest coffee producers after Brazil, Vietnam, and Colombia, it is also important to examine the interdependence between Indonesia markets with the offshore futures market whose prices are used uses for local price determination. This study examined the granger causality relationship between Indonesia’s futures and spot market, and granger relationship between Indonesia and the offshore futures market using data of daily Arabica and Robusta coffee prices starting from January 2014 to June 2018. The test indicated that the futures market has a stronger ability to predict the spot market; therefore, price discovery in the futures market. Bidirectional causality relationship between Arabica offshore futures and spot market indicates market demand on Arabica coffee. In general, it’s identified unidirectional granger causality relationship between local and offshore futures market with information flows from the local futures market reflects the offshore market high expectation toward crop information during harvesting period both Arabica and Robusta. This is due to the importance of Indonesia’s coffee crop report to world aggregate coffee production
The Export Performance of Indonesia’s Palm Oil in International Market
Get PDFThis study aims to analyze the performance of Indonesian exports to export destination countries in the international market. The subjects of this study are two Indonesian palm oil commodities: crude palm oil or CPO and processed palm oil or OPO (Other Palm Oil). There are four Indonesian palm oil markets in the international market, namely the Asian market, the European market, the African market, the American market, and the Australian market. The data used in this study is a time series from 1991 to 2016 and analyzed using the CMS (Constant Market Share) method. The CMS method explains the export growth performance in several components, which are the standard growth effect, the effect of product composition, the effect of market distribution, and the effect of competitiveness. The results showed that the performance of Indonesian CPO exports in the period 1991-2016 tended to decline compared to the growth of exports of all world products. Indonesian CPO is more competitive in the Asian market than the European market. The dynamics of Indonesian CPO exports in the African, American and Australian markets are quite good, but these three markets have not become the main destinations for Indonesian CPO exports. Indonesia\u27s OPO export performance in the 1991-2016 period tended to increase compared to the growth in exports of all world products. Indonesian OPO in the Asian and African markets is more competitive than the European market. The dynamics of Indonesia\u27s OPO exports on the American market and the Australian market are quite good, but these two markets have not become the main destinations for Indonesia\u27s OPO market. Thus, Indonesia can maximize the performance of OPO exports when there is a rejection of Indonesian OPO in the international market.Keywords: CPO, constant market share (CMS), export, palm oil, performanc
The Influence of Farmer Entrepreneurial Competence on Broiler Farm Performance in Bogor
Get PDFThe broiler is a highly demanded animal protein source for Indonesian people. Nowadays, primary and derived product demand for broiler chicken increases steadily. So it is necessary to increase broiler farm performance in order to meet the increased demand. One of the broiler farm centers which have fulfilled the rapid request of broiler chicken is located in Bogor, West Java. However, there was an important issue facing the broiler industry in Bogor, namely the decreased growth of broiler chicken population in Bogor. This indicates in the optimized business performance of broiler farm, impacting on business sustainability. Theoretically, business performance can be improved by stimulating farmer entrepreneurial competence. This study aimed to analyze factors affecting entrepreneurial competencies of farmers and determine the influence of farmer entrepreneurial competence on broiler farm performance in Bogor. This study used a convenience sampling method involving 120 contract farmers when running their business. Data were analyzed using descriptive method and multivariate analysis using structural equation modeling (SEM). The results showed that farmer entrepreneurial competencies were very dominant in broiler farm business performance. The entrepreneurial competence variable was mostly influenced by the managerial competence variable of farmers. The influential manifested variable to increase managerial competence was the farmer\u27s ability in human resource management.Keywords: broiler farm, business performance, entrepreneurial competencie
COMPARATIVE ANALYSIS OF PADDY AND OIL PALM FARM INCOME IN TANJUNG JABUNG TIMUR REGENCY
Get PDFThis research aims to analyze the cost and net income of wetland paddy and palm oil smallholder farming in Tanjung Jabung Timur Regency. The subjects of this research were rice and oil palm smallholder farmers particularly palm oil farmers who were recorded to perform functional shift of land use such as from rice to palm oil. The primary data obtained through interviews with rice and oil palm smallholder farmers in research areas, and secondary data collected from various offices and related agencies. Data analyzes used quantitative descriptive methods. The results showed that net income of oil palm farming was significantly greater than net income of rice farming per ha per year. A lower income from rice farming activity was caused by a higher production cost due to higher labor costs compared to oil palm farming.
Keywords: farm management, rice farming, oil palm, cost, farm incom
Utilizing Stakeholders Analysis on Sustainable Organic Farming in West Java: The Case of Cisarua Organic Farming
Get PDFThere has been an increase in demand for organic products in Indonesia along with the incessant slogan of healthy living. In terms of small farmers, organic farming is proven to provide increased income, unfortunately, there is no clear system and strategy in developing organic agriculture in Indonesia. The purpose of this research was to understand the role of key stakeholders in Cisarua Horticulture Organic Farming. Stakeholder analysis used in this research to get knowledge about the actors, their behavior, relationships and their influence on decision - making processes. The information is used to develop the farm strategies, to reach the farm goals and to assess the feasibility of policy directions. The methodology used is the Soft System Methodology (SSM). SSM is an organizational process modeling method that can be used for general problem resolution and change management. Rich picture, Root definitions, and conceptual model were presented in the paper. Data were taken using focus group discussion and in-depth interviews with the farm staffs, farmers of the sustainable horticulture organic farming farm in Cisarua, Indonesia, and national organic farming association. From Stakeholders analysis, four main results were obtained: identifying the relationship among stakeholders; conflicts among them; the stakeholders’ role in farm; and the stakeholders’ interest towards farm program. In conclusion; focusing on one hauler only, investing in seed horticulture products, improving the quality of horticulture products, and mentoring for small-scale farmers were identified as a critical action for the strategy in the organic farming farm in Cisarua, Indonesia. The policy implications of this research are basically to see the contribution of actors in making a strategy.
Indonesian Coffee in The Global Value Chain: The Comparison of Global Partnership Sustainability Standards Implementation
Get PDFGlobal partnerships based on sustainability standards compiled by international NGOs are needed to achieve social, economic and environmentally sustainable development, as well as to deal with global uncertainty in trade and business of agricultural commodities, including coffee in Indonesia. This paper aims to compare the implementation of global partnership standards in coffee between Indonesia and other producer countries. The Study focused on sustainable standard-compliant in coffee such as 4C and Organic certification standards. Trade and sustainability map tools were described. The findings demonstrate that there were only 8 percent and 9 percent of the Indonesian coffee area certified by 4C and Organic, respectively. Indonesia placed at number fourth of 4C implementation in the worldwide after Brazil, Colombia, and Viet Nam. Indonesia is also placed at number fourth of Organic implementation in the worldwide after Mexico, Ethiopia, and Peru. To compete in the potential market, Indonesia’s commitment to implement sustainable standard-compliant in coffee is needed. Therefore, Indonesia has to increase the coverage of sustainability standards certified area to meet the global market demand. The government also should implement the right policies and programs to enhance the sustainability compliance of national coffee stakeholders.Keywords: coffee, global trade partnership, sustainability standards, global value chai
THE EFFECT OF BOND CHARACTERISTICS, FINANCIAL PERFORMANCE AND MACRO VARIABLES ON RETURN OF CORPORATE BOND IN THE AGRIBUSINESS SECTOR
Get PDFThere are several reasons why companies choose to issue bonds rather than borrowing from banks. Interest paid by companies to bond investors is often lower than the interest rate charged by the bank, but still at least bond issuance from the agricultural sub-sector and chooses to lend to the bank. The purpose of this study is to analyze the influence of bond characteristics, financial performance and macroeconomic return on corporate bonds in the agribusiness sector. This study uses a panel data regression method consisting of 12 bonds with the vulnerable time between 2014-2015 \quarterly. Based on the panel data model shows that the characteristics of bonds (yield to maturity, coupon, rank, and duration), financial performance (CFOS) and macroeconomics (IHSG) have a significant effect on the return of bonds. The Company should consider the amount of bond yield and coupon to be issued and pay attention to financial performance, especially cash flow and capital expenditure (capital expenditure).
Keywords: agribusiness sector, bonds, characteristics, performance, macroeconomic