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INDONESIA
Jurnal Manajemen dan Agribisnis
Published by Institut Pertanian Bogor
ISSN : 16935853     EISSN : 24072524     DOI : -
Core Subject : Economy, Agriculture,
Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance
Jurnal Manajemen & Agribisnis memuat informasi hasil kegiatan penelitian, pemikiran konseptual dan review bidang ilmu manajemen agribisnis. Jurnal ilmiah ini diterbitkan oleh Program Studi Manajemen dan Bisnis, Sekolah Pascasarjana, Institut Pertanian Bogor bekerjasama Perhimpunan Ekonomi Pertanian Indonesia (PERHEPI).
Arjuna Subject : -
Articles 518 Documents
 48   49   50   51   52 
Position of Indonesia's Crude Palm Oil Export Market in Major Importing Countries: An Almost Ideal Demand System Approach Dwi Nurul Amalia; Dedi Budiman Hakim; Sahara; Amzul Rifin
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.112

Abstract

Background: Although Indonesia holds the largest share of global crude palm oil (CPO) exports, large market share does not necessarily imply market power. Competition with Malaysia remains intense in major importing countries, particularly India, Pakistan, and China, where differences in demand structure and price responsiveness may shape each supplier’s export position.Purpose: This study aims to (1) analyze Indonesia’s CPO export market share in major importing countries and (2) evaluate Indonesia’s export market position relative to Malaysia using a demand-system approach.Design/methodology/approach: Monthly data for 1994–2023 were compiled from UN Comtrade, ITC, BPS, and FAOSTAT. The analysis applies the Almost Ideal Demand System (AIDS) estimated using the Seemingly Unrelated Regression (SUR) method to identify demand responses and substitution patterns between Indonesian and Malaysian CPO exports.Findings/Result:The results show that Indonesia’s CPO exports dominate the Pakistani market, maintain a strong position in India, and face balanced competition in China. Elasticity estimates indicate relatively stable demand in India and Pakistan, whereas stronger substitution patterns and higher price sensitivity characterize the Chinese market.Conclusion:  Indonesia’s export position varies across markets: strongest in Pakistan, strong in India, and more competitive in China. These differences reflect heterogeneous demand structures and varying levels of substitution between Indonesian and Malaysian CPO.Originality/Value (State of the Art): This study provides a long-term market-specific assessment of Indonesia’s CPO export positioning using a theoretically consistent AIDS framework. The findings contribute new empirical evidence on substitution dynamics and competitive interactions between Indonesia and Malaysia in major global CPO markets. Keywords: AIDS, CPO, demand-system approach, export market, market position
Technical Efficiency and Profitability of Smallholder Dairy Cattle Farming Post-FMD: A Stochastic Frontier Analysis in West Java Faiz Alfian Nazri; Netti Tinaprilla; Anna Fariyanti; Lukman Mohammad Baga
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.17

Abstract

Background: The study is motivated by the persistent low productivity of dairy cattle farming in Bogor Regency, specifically within the Kawasan Usaha Peternakan (KUNAK), which has been further aggravated by the Foot and Mouth Disease (FMD) outbreak and inefficient input management in the area. The sector faces significant challenges, including the dominance of smallholder farms with poor feed management, shrinking land for forage, and heavy reliance on imports, all of which weaken local farmers’ bargaining power.Purpose: This study aimed to analyze the factors influencing milk production, technical efficiency, and farm profitability in KUNAK. It seeks to evaluate how effectively farmers manage inputs, such as cattle and feed, to maximize output and determine the financial feasibility of these operations post-FMD.Design/methodology/approach: Data were collected from 67 purposively sampled farmers in Cibungbulang and Pamijahan (January–April 2025) who owned cows in their second or third lactation. This study utilized a stochastic frontier translog production function estimated via Maximum Likelihood Estimation (MLE) to measure technical efficiency, alongside a revenue-cost (R/C) ratio analysis for profitability.Findings/Result: MLE results indicated that lactating cows (0.656), concentrate (0.193), and tofu dregs (0.159) significantly affected milk yield. Conversely, labor's negative elasticity (-0.083) reflects severe overutilization. The farms operate under increasing returns to scale, with a high mean technical efficiency of 0.868. Efficiency improves with farmer age but declines as the number of family dependents increases. While economically feasible (R/C ratio=1.10), operations face tight profit margins of Rp207,951 per head per month.Conclusion: Although smallholder dairy farming in the KUNAK cluster demonstrates high technical efficiency (0.868), this operational mastery does not translate into proportional economic welfare due to low market pricing and high input costs. Policy interventions must target labor reallocation and cooperative pricing reforms to bridge the gap between technical proficiency and economic sustainability.Originality/value (State of the art): This study contributes a post-FMD analysis of smallholder dairy clusters, revealing a critical disconnect where high technical efficiency does not guarantee economic welfare due to external market and institutional failures. Keywords: dairy cattle, production function, profitability, stochastic frontier, technical efficiency
Trade-Induced Inefficiency in ASEAN Agriculture: A Stochastic Frontier Analysis of Technical and Environmental Efficiency Daffa Ibra Danendra; Tanti Novianti; Nia Kurniawati Hidayat
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.63

Abstract

Background: Agricultural systems in ASEAN face increasing pressure from rising food demand; however, prior studies predominantly assess technical efficiency without jointly considering environmental performance and trade-related inefficiency.Purpose: This study evaluates technical and environmental efficiency in ASEAN agriculture and examines how trade dynamics influence this inefficiency.Design/methodology/approach: A panel dataset covering ASEAN countries from 2003 to 2022 is analyzed using stochastic frontier analysis with a translog production function and time-varying inefficiency effects.Findings/Result: The findings indicate that output growth is driven more by efficiency improvements and policy support than by input expansion. Capital contributes significantly to production, whereas land, labor, and fertilizer exhibit diminishing effectiveness. The average technical efficiency reaches 0.68, whereas environmental efficiency remains lower at 0.46, suggesting a persistent sustainability gap. In addition, net export expansion is associated with higher inefficiency when domestic capacity becomes insufficient.Conclusion: Enhancing efficiency, technological upgrading, and environmental sustainability while aligning trade expansion with domestic capacity is essential for long-term agricultural performance.Originality/value (State of the art): This study provides an integrated empirical assessment linking technical efficiency, environmental performance, and trade-related inefficiency in ASEAN agriculture, offering evidence of the alignment of trade expansion with sustainable productivity strategies. Keywords: environmental efficiency, technical efficiency, trade efficiency, translog, time-varying
The Linkage Between Palm Oil Producer Prices and Economic Factors Dedi Budiman Hakim; Adi Hadianto; Syamsul Hidayat Pasaribu; Widyastutik Widyastutik; Iwan Hermawan; Lilis Hoeriyah; Triana Anggraenie; Deviyantini; Fikri Aldi Dwi Putro
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.80

Abstract

Background: Despite being the world's dominant CPO producer (contributing approximately 58 percent of global output in 2023), Indonesia structurally operates as a price taker. CPO pricing consistently refers to international exchanges (BMD and Rotterdam) because domestic futures exchanges (BBJ/ICDX) are suboptimal due to the voluntary and inconsistent implementation of Bappebti Regulation No. 7/2023, which leads to low liquidity and transaction fragmentation.Purpose: This study addresses the underexplored gap by analyzing how global market integration and domestic price factors jointly determine Indonesian CPO forward prices and their causal relationship with Malaysia and Rotterdam prices.Design/Methodology/Approach: The study utilized monthly data from May 2010 to January 2025, as this period captures major global economic events, policy changes, and market fluctuations that significantly influenced Indonesia’s CPO price dynamics. The econometric models employed include the Error Correction Model (ECM) and Vector Error Correction Model (VECM), supported by Granger Causality, Impulse Response Function (IRF), and Variance Decomposition (VD) analyses. Findings/Results: The Indonesian CPO forward price is positively and significantly influenced by both Malaysian and Rotterdam CPO prices. Causality analysis confirms the price-taker status, identifying a one-way causal relationship in which Malaysia and Rotterdam predict Indonesian price changes. Dynamically, Indonesian prices exhibit a sensitive adjustment, responding positively to global shocks only briefly before they turn negative. The Rotterdam CPO price is the most significant external contributor to the Indonesian price variance over the long term.Conclusion: The findings confirm the persistent structural dependence of Indonesian CPO prices on international benchmarks. This underscores the urgent need for decisive policy intervention specifically, the mandatory domestic CPO trading policy through the Indonesia Commodity and Derivatives Exchange (ICDX) to foster stronger market liquidity, thereby enabling Indonesia to leverage its global production dominance and effectively transition into a global price reference for CPO.Originality/Value (State of the Art): This study provides a cutting-edge empirical contribution by combining ECM–VECM, IRF, and VD models to measure the structural relationships among major CPO markets. Unlike previous studies that typically examine price transmission using only single-equation models or limited time frames, this study incorporates a longer dataset and a comprehensive multivariate framework to capture both short-run adjustments and long-run causality. This study fills a key gap in the literature regarding the persistent structural dependence of Indonesian CPO prices on international benchmarks and highlights the urgency of strengthening Indonesia's role in the global pricing mechanism.  Keywords: crude palm oil, futures exchange, price integration, causality analysis, econometric models 
Economic Valuation of Stevia Sweetener: Double-Bounded Dichotomous Choice Study in East Java Nurul Lailatus Sholehah; Silvana Maulidah; Riyanti Isaskar
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.1

Abstract

Background: Sugar consumption in Indonesia reaches 160 grams per day, six times the WHO recommendation, contributing to 20.4 million diabetes cases (ranked 2nd globally). Stevia rebaudiana Bertoni offers a promising natural, zero-calorie sweetener alternative; however, its market adoption in Indonesia remains hindered by high prices, consumer perceptions, and a lack of empirical economic valuation data.Purpose: This study aimed to analyze consumer willingness to pay (WTP) for stevia-based sweetener products in East Java and examine the factors influencing this decision.Design/methodology/approach: The study employed the Contingent Valuation Method with Double-Bounded Dichotomous Choice format on 200 respondents in East Java. Factor analysis utilized ordered logit regression with independent variables that included sociodemographic characteristics, diabetes status, knowledge of stevia, perceptions of price and quality, and health consciousness.Findings/Result: Consumers in East Java demonstrated a strong premium WTP for stevia sweeteners, exceeding current market prices by more than 50%. Product knowledge and health consciousness emerged as the most influential determinants, indicating that health-related motivations substantially shape consumer valuation. Conclusion: East Java consumers demonstrated substantial premium WTP for stevia sweeteners, with product knowledge and health consciousness as primary determinants, indicating the importance of health education strategies and product value communication to increase stevia sweetener product adoption in Indonesia.Originality/value (State of the art): This study contributes to the limited literature on the economic valuation of healthy sweetener products in developing countries with high sugar consumption, using the CVM-DBDC approach to identify specific determinants of consumer decisions in adopting natural sweeteners as substitutes for conventional sugar. Keywords: contingent valuation method, double-bounded dichotomous choice, health consciousness, stevia sweetener, willingness to pay
Demand For Indonesian Plywood in The South Korean Market Sherly Syahrones; Bintang Charles Hamonangan Simangunsong; Elisa Ganda Togu Manurung
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.141

Abstract

Background: Indonesia is a tropical country with abundant forest resources, and plywood is a key value-added product. Among the globally traded plywood products, HS 441231 accounts for the largest share and is a strategic component of Indonesia’s exports. South Korea is one of Indonesia’s main export destinations, as imports largely satisfy its plywood demand. Although Indonesia maintains a dominant position, its exports to South Korea have declined in recent years amid competition from Malaysia and Vietnam. Given the high supplier concentration, understanding South Korea’s import demand structure is increasingly important.Purpose: This study analyzes the demand for Indonesian plywood (HS 441231) in the South Korean market using the LA/AIDS and QUAIDS models to assess price and expenditure responses and evaluate Indonesia’s position relative to major competitors.Design/methodology/approach: The analysis uses monthly South Korean import data for HS 441231 from 2010 to 2024. LA/AIDS and QUAIDS models are estimated using SUR and NLSUR with adding-up, homogeneity, and symmetry restrictions.Findings/Result: Indonesian plywood holds the largest import share, shows elastic demand, and functions as a normal good. The quadratic component of the QUAIDS is significant, indicating a nonlinear consumption pattern. Indonesia has a substitution relationship with Malaysia and a complementary relationship with Vietnam.Conclusion: Indonesia’s competitiveness in the South Korean market is primarily price-based, indicating the need for greater cost efficiency, enhanced quality, and compliance with certification requirements to achieve a more sustainable position.Originality/value (State of the art): This study contributes to the literature by combining LA/AIDS and QUAIDS to analyze South Korea’s plywood demand, providing empirical insights into cross-country substitution dynamics. Keywords: elasticity, expenditure share, import competition, LA/AIDS, QUAIDS
System Dynamics Modeling of Sustainable Ecotourism: A Triple Bottom Line Scenario Analysis in Wonosantri, Indonesia Aulia Amanda Syahputri; Fitria Dina Riana; Agustina Shinta Hartati Wahyuningtyas
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.48

Abstract

Background: Ecotourism is a form of natural resource utilization that is oriented towards sustainability. Therefore, its management must take into account environmental, social, and economic aspects in a balanced manner.Purpose: This study aims to identify the dynamics of ecotourism conditions in the 2030 projection and formulate the best development scenario.Design/methodology/approach: The data used in this study are primary data obtained from in-depth interviews with key informants and secondary data from internal sources, BPS data, and supporting literature. This study uses a dynamic system analysis method that includes variable identification, the creation of a Cause Loop Diagram (CLD), a Stock and Flow Diagram (SFD), and the determination of the best scenario to recommend.Finding/Result: The findings indicate that the absence of targeted interventions has caused visitor numbers and revenue to stagnate or decline. With the recommendations of the Environmental and Governance Improvement Scenario, a 162% increase in tourist numbers was recorded in the high scenario. This increase in tourist numbers was followed by an even higher increase in revenue, which reached 178.6%.Conclusion: These findings indicate that the development of dynamic system scenarios is crucial for maintaining the sustainability of ecotourism from economic, social, institutional, and environmental dimensions, with the Environmental Improvement and Governance Scenario being the most effective scenario in improving the overall performance of the ecotourism system.Originality/value (State of the art): This study provides an overview of the application of the triple bottom line concept in dynamic ecotourism system modeling. Its originality lies in its ability to model real conditions based on existing data. The findings regarding recommendations for the best management scenarios for ecotourism provide practical contributions that are applicable and can be directly implemented by managers in strategic decision-making. Keywords: ecotourism, dynamic systems, triple bottom line, governance scenario, development scenario
Climate Adaptation Strategies and Revenue Implications in Smallholder Paddy Farming: Evidence From Klaten Regency Putriesti Mandasari; Desy Mayasari; Nabittun Nahar
Jurnal Manajemen dan Agribisnis Vol. 23 No. 1 (2026): JMA Vol. 23 No. 1, March 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.23.1.126

Abstract

Background: Climate variability increasingly affects paddy production, exposing smallholder farmers to revenue instability. This challenge is also evident in Klaten Regency, Central Java, Indonesia. Although climate adaptation strategies are widely adopted, evidence on their revenue implications remains limited.Purpose: This study examines the adoption rates of climate adaptation strategies (shifting planting dates, constructing ridges, and income diversification), compares log farm revenue between adopters and non-adopters, and evaluates whether differences persist after controlling for farmer, farm, and district characteristics.Design/methodology/approach: Using primary survey data from 271 paddy farmers, adoption patterns are described using summary statistics and the mean comparison test (Welch’s t-test). Revenue associations with adaptation strategies are estimated using ordinary least squares (OLS) with three specifications. First, a baseline model that only considers adaptation indicators. Second, an OLS model with control variables (farmer and farm characteristics). Third, an OLS model with control variables and fixed effects (land tenure categories and district) to explain institutional arrangements and spatial heterogeneity.   Findings/Results: Farmers who shift planting dates tend to have higher revenue. Mean comparisons indicate higher log revenue among farmers who shift planting dates and lower log revenue among ridge users. These t-test results align with the OLS results. However, once controls are included in the OLS model, the estimated coefficients become smaller and statistically weaker, suggesting that revenue differences partly reflect farmer sorting and contextual conditions rather than direct causal effects.Conclusion: Revenue implications are heterogeneous and context-dependent. Originality/value (State of the art): This study contributes to the limited empirical evidence on climate adaptation in smallholder paddy farming by jointly analyzing adaptation strategies and farm revenue outcomes. By applying a multivariate regression framework, this study provides insights into how adaptation strategies relate to revenue under varying farmer and contextual conditions. The findings offer implications for policymakers in designing context-specific climate adaptation support. Keywords: climate adaptation, farm revenue, paddy farming, smallholder, Indonesia

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