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All Journal Jurnal Sosial Ekonomi Pertanian Journal of Economics, Business, & Accountancy Ventura Jurnal Penelitian Tanaman Industri AGRISE Jurnal Pamator : Jurnal Ilmiah Universitas Trunojoyo Madura AGRARIS: Journal of Agribusiness and Rural Development Research Agro Ekonomi UNEJ e-Proceeding Mimbar Agribisnis: Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis Jurnal SEPA (Social Economic and Agribusiness Journal) JEPA (Jurnal Ekonomi Pertanian dan Agribisnis) Jurnal Agribest Agritrop : Jurnal Ilmu-Ilmu Pertanian (Journal of Agricultural Science) Abdimas Umtas : Jurnal Pengabdian kepada Masyarakat INTEGRITAS : Jurnal Pengabdian Jurnal Penelitian Tanaman Industri (Littri) Janaka : Jurnal Pengabdian Masyarakat Mattawang: Jurnal Pengabdian Masyarakat Jurnal Ilmiah Agribios International Journal on Food, Agriculture and Natural Resources (IJFANRES) Batara Wisnu : Indonesian Journal of Community Services Jurnal Masyarakat Mengabdi Nusantara InSTEM Jurnal Penelitian Sains dan Teknologi Indonesia
Anik Suwandari
Program Studi Agribisnis Fakultas Pertanian Universitas Jember
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Physics Public Health Social Sciences Other

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Journal : Agro Ekonomi

 1 
Asymmetric Information, Transaction Costs, and Farmers Decision To Participate In Tobacco Voor-Oogst Kasturi Contract Farming M Rondhi; Rokhani Rokhani; Anik Suwandari; Kintani Sekarkundi Lahitani; Ahmad Fatikhul Khasan; Dian Permata Sari
Agro Ekonomi Vol 32, No 2 (2021): DECEMBER 2021
Publisher : Department of Agricultural Socio-Economics Faculty of Agriculture Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/ae.60706

Abstract

Contract farming is a vital tool to connect farmer and industry. However, contracts participation between tobacco farmers and tobacco leaf supplier (TLS) was still low even though the benefit of the contract is enormous. The low participation was related to factors that affect the contract, demographics, farm characteristic, and other related factors.  However, farmer participation on the contract was still low. Besides, contracts initially became a tool to prevent market failure since it regulated how economic actors acted against others causing transaction costs (TC) due to asymmetric information that made the contract not function ideally. Therefore, this study attempts to (1) explain factors underlying farmer decision to participate in contract farming (CF), (2) explain asymmetric information. Respondents in this study were 100 respondents consisting of 50 tobacco contract farmers, and 50 independent farmers. This study applied logistic regression analysis to analyze factors affecting farmer participation in CF. Besides, the New Institutional Economy approach was exerted to analyze asymmetric information on product transfer from farmer to TLS. The results showed that factors that significantly influenced tobacco farmers' decision-making to participate in CF are farming experience, land size, risk aversion level (RAL), the certainty of price, and source of capital. Asymmetric information caused adverse selection and moral hazard. About 30% of farmers had sold products to other parties (other TLSs and middleman), and 8% of farmers had applied pesticides that TLS prohibited. Contracts that were not ideal due to asymmetric information must be re-enforced by using additional costs called transaction costs, divided into three types, (1) search and information costs, (2) cost to design, negotiate and conclude and (3) the monitor and contract enforcement costs. Monitoring costs had the potential to absorb the most considerable portion compared to the other types of transaction costs. The greater the asymmetric information generated, the greater the transaction costs incurred.
Co-Authors Achlan Bakhtiar Agus Supriono Agustina, Titin Ahmad Fatikhul Khasan Ahmad Zainuddin Amalah, Nur Amam, Amam Anggaraeni, Meirisa Ari Wahyu Diarsa Ariq Dewi Maharani Ayudya, Resi Berilisda Jepatrika Dirga Buana Damascena, Cindera Rosa Devyana Dwi Ratnasari Dian Permata Sari Diar Iswardhani Dimas Bastara Zahrosa Djoko Soejono Dwi Setyati Ebban Bagus Kuntadi Entri Yhonita Entri Yhonita Ermadita Wahyu Erryka Aprilia Putri Erryka Aprilia Putri, Erryka Aprilia Eva Tyas Utami Evita Soliha Hani Fika P.W, Marwatin GALIH WICAKSONO Galih Wicaksono Hapsari, Triana Dewi Haris Cahyono Harwoto, Wahyu Rizki Hasanah, Julita Ibanah, Indah Jani Januar Joni Murti Mulyo Aji Julian Adam Ridjal Kintani Sekarkundi Lahitani Krisnamurti Krisnamurti Luh Putu Indah Budyawati Luh Putu Ratna Sundari Luh Putu Suciati Lutfiyah, Lenny Maharani, Ariq Dewi Marwatin Fika P.W maya eka nurvitasari Mega Puspita Sari Mohammad Rondhi Mohammad Rondhi Muhammad Nazil Dwi Ramadhan mukhamad fakhrur roziq Munawaroh, Wiwik Mutmainah, Laily Nindia Megareta Noerkumala Nineng Puspito Ratih Nur Amalah Nurul Dwi Novikarumsari, Nurul Dwi Prabowo, Rachmat Udhi Prisya Niken Mahardika Putri Puspaningrum, Diah Ratnasari, Devyana Dwi Rena Yunita Rahman, Rena Yunita Rendy Setiawan Resi Ayudya Riza Oktafiyani Rizkia Nailir Rahma Rizqa Nurmalia Rokhani Rokhani Rokhani, Rokhani Rudi Hartadi Rudi Wibowo Rudi Wibowo Soetriono Soetriono Soetriono Soetriono Sofia Sofia Sugeng Raharto Syafira Lailatul Ulfa Marfuah TEGUH PRAYITNO Tiffany Rahma Abdillah Trisna Hariyanti Winda Amilia Wiwik Munawaroh Wulandari, Lilik Dwi Yanuarti, Rizky Yoga Yuniadi Yuli Hariyati Zahrosa, Dimas Bastara