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All Journal Buletin Ilmiah IMPAS
Ratih Apri Utami
Agribusiness Study Program, Faculty of Agriculture, University of Jember
Agriculture, Biological Sciences & Forestry

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PRINCIPLES OF CALCULATION IN FARM BUSINESS ANALYSIS: FINANCIAL AND ECONOMIC PERSPECTIVES Agus Supriono; Rizky Yanuarti; Rena Yunita Rahman; Julian Adam Ridjal; Ratih Apri Utami; Intan Kartika Setyawati
Buletin Ilmiah Impas Vol 27 No 1 (2026): Volume: 27 No.: 1 April Edition 2026
Publisher : Undana Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35508/impas.v27i1.29304

Abstract

Farm business analysis is an analytical approach used to examine the extent to which returns from a farming enterprise can be obtained from the costs sacrificed in the relevant farm business. There are two types of farm business analysis, namely: (a) financial analysis or private analysis and (b) economic analysis. In both financial and economic farm business analysis, the calculation does not only include actual costs or explicit costs, but also notional costs or implicit costs. In financial analysis, the estimated values of costs and revenues are based on the prevailing local real prices. In economic analysis, however, the estimated values of costs and revenues are based on shadow prices. Shadow prices are prices that would prevail in a perfectly competitive market. In this regard, it is important to study comprehensively the principles of calculation used to estimate costs and revenues in farm business analysis, both from financial and economic perspectives. This scientific article aims to provide a comprehensive explanation of these calculation principles.
Co-Authors Agus Supriono Intan Kartika Setyawati Julian Adam Ridjal Rahman, Rena Yunita Rizky Yanuarti