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The Impact of Microcredit Interest Subsidy Accessibility on Paddy Farms' Performance Iman Widhiyanto; Nunung Nuryartono; Harianto Harianto; Hermanto Siregar
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 1 (2018): JEP 2018
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v19i1.5505

Abstract

Capital is required in farm to buy input such as fertilizer, pesticide, seed, land rent, labor wage, and to adopt the latest technology. To ease the burden of loan interest and to increase the access of farm to formal credit, the government provides interest subsidy for Food Security and Energy Credit (Kredit Ketahanan Pangan dan Energi, KKP-E). This study was aimed to analyze the impact of accessing KKP-E on paddy farms’ performance. The methods used in this study are descriptive analysis and propensity score matching model. Accessibility of KKP-E in research location was able to increase fertilizer use of 16.98 percent, pesticide use of 40.23 percent, labor outside farm household use of 43.08 percent, production of 58 percent, productivity of 23.64 percent, and farm profit of 84.5 percent. This quite high increase in percentage was due to the reason that farm business scale in this study was categorized as small-scale business.
Transmisi Harga Beras di Indonesia: Pendekatan Threshold Cointegration Deby Ananda Difah; Harianto Harianto; Dedi Budiman Hakim
Journal of Food System & Agribusiness Volume 3 Nomor 2 Tahun 2019
Publisher : Politeknik Negeri Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25181/jofsa.v3i2.1561

Abstract

Rice is a staple food that is still a top priority for most of Indonesian. The widening difference between the rice price at the farmer level and the retail price of rice indicates the presence of asymmetric vertical price transmission. A stable and affordable price is one of the important components needed to maintain food distribution. The price of food commodities that fluctuate too much can be relied upon by farmers as producers, processors, traders to consumers, and about social unrest. To maintain stability of staple food prices, the government is open to keep rice prices at a certain level that can benefit farmers and consumers alike. This research used Threshold Vector Error Correction Model (TVECM) to estimate threshold value and to analyze rice price transmission relationship at farm level and retail level. The data used monthly time series data from January 1990 to September 2016. The results show that the estimated threshold value obtained is -0.092. This suggests that when the deviation of retail price and farmers in long-term equilibrium exceeds 9.2 percentage, the price of retail rice will adjust to achieve its equilibrium so that the two rice prices have a cointegration relationship. Conversely, when the deviation of rice prices is less than 9.2 percentage, there will be no price adjustment and no market integration. The price of retail rice has increased faster than the price at the farm level. Keywords: cointegration, price transmission, rice, threshold
The Impact of Futures Price Volatility to Spot Market : Case of Coffee in Indonesia Anis Erma Wulandari; Harianto Harianto; Bustanul Arifin; Heny K Suwarsinah
Jurnal Organisasi dan Manajemen Vol. 15 No. 1 (2019)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (556.323 KB) | DOI: 10.33830/jom.v15i1.5.2019

Abstract

Indonesia is the world 4th largest coffee producer after Brazil, Vietnam and Colombia with export potential and higher national consumption concluded in 2017 while the coffee production was relatively stagnant. This was led the producer to not only the production risk but also the price risk which then emphasize the importance of futures markets existence as price risk management. This study is performed to examine the impact of futures price volatility to spot market using ARCH-GARCH toward primary data of coffee futures and spot prices of 1172 trading days starting from January 2014 to June 2018. The ARCH-GARCH analysis result indicates that futures price volatility and monetary variables are impacting the volatility of spot price. Arabica spot price volatility is impacted by volatility of Arabica futures price, inflation and exchange rate while Robusta spot price is impacted by Robusta futures price volatility and exchange rate. This is confirming that futures market plays dominant role in spot price discovery. Local futures and spot prices are also found to be significantly influenced by volatility of offshore futures prices which indicates that emerging country futures market is actually influenced by offshore futures market which the price itself used as price reference.