Luxury: Landscape of Business Administration
Vol. 1 No. 2 (2023): Luxury: Landscape of Business Administration

The Effect of Farmers' Exchange Rates on Rice Prices in 2017-2019

Pujiono Eddy (Institut Bisnis dan Teknologi Pelita Indonesia)
Sudarno (Institut Bisnis dan Teknologi Pelita Indonesia)
Nicholas Renaldo (Institut Bisnis dan Teknologi Pelita Indonesia)
Marice Br Hutahuruk (Institut Teknologi dan Bisnis Master)
Muhammad Pringgo Prayetno (Universitas Brawijaya)



Article Info

Publish Date
31 Jul 2023

Abstract

This research aims to predict the price of rice in the mill according to quality (Rupiah/Kg) at a premium, medium and low levels in Indonesia. Then also to find out whether there is an effect of farmer exchange rates on the price of rice in mills at a premium level. The study used purposive sampling, namely samples in Indonesia. Data analysis using simple linear regression. The results showed that there was an effect of the farmer's exchange rate on the price of rice in the mill at the premium level of 69.16%, the farmer's exchange rate affected the price of the rice in the mill according to the quality (Rupiah/Kg) at the premium level. The recommendation that can be given is that the government can take steps to maintain the stability of farmers' currency exchange rates, especially in the face of global economic fluctuations. Appropriate fiscal and monetary policies can help reduce the risk of exchange rate volatility and have an impact on rice price stability at the mill. A robust monitoring system is needed to monitor exchange rate fluctuations and rice prices on a regular basis.

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Journal Info

Abbrev

luxury

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Luxury: Landscape of Business Administration is a research journal that aims to investigate and analyze phenomena in the context of business administration. This topic can cover various aspects related to the industry, such as brand management, marketing strategy, supply chain management, customer ...