Risk Analysis of Rice Price in Related to Ceiling Price of Rice Regulation in South Sumatra Province
Keywords:
ceiling price; premium and medium rice; risk of price
Abstract
Rice is a basic need of Indonesian people which are sensitive in case of price changes. Various price policies have been implemented by the Government to ensure the stability of rice prices. The aim of this research was to analyse the risk of rice prices before and after the stipulation of rice ceiling price. The research was conducted in South Sumatra Province as one of the national food barns. Price risk was measured using the coefficient of variation analysis and the lower price limit. The data used were the time series data of 78 weeks before and 78 weeks after the stipulation of rice ceiling price. The results show premium rice had a higher price risk than medium rice before stipulation of rice ceiling price. But after the establishment of rice ceiling price, medium rice actually has a higher price risk than premium rice.
Keywords: ceiling price; premium and medium rice; risk of price
References
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Broll, U., Welzel, P., & Wong, K. P. (2013). Price Risk and Risk Management in Agriculture. Contemporary Economics, 7(2), 17–20.
Fachrizal, R., & Mekiuw, Y. (2018). Analisis Kelayakan Usaha Pengering Gabah Mekanis UD Jasa Tani Distrik Tanah Miring Kabupaten Merauke. Musamus Journal of Agribusiness, 1(1), 41–45.
Giriningtyas, T. D., Dharma, R. S., & Simatupang, B. M. (2015). Penerapan Model VaR dalam Pengukuran Risiko Penurunan Operational Revenue pada Industri Telekomunikasi. Jurnal Ekonomi, Manajemen dan Perbankan, 1(2), 1–15.
Jusar, D., Bakce, D., & Eliza. (2017). Analisis Variasi Harga Beras di Provinsi Riau dan Daerah Pemasok. Jurnal Dinamika Pertanian, 33(2), 19–26. Karmini. (2005). Resiko Perubahan Harga dalam Pemasaran Beras Lokal dan Impor di Indonesia. EPP, 2(2), 33–39.
Katadata. (2019). Inilah Lumbung Padi Nasional. Retrieved from https://databoks.katadata.co.id/datapublish/2018/01/15/inilah-lumbung-padi-nasional
Kim, H. N., & Choi, I. C. (2018). The Economic Impact of Government Policy on Market Prices of Low-Fat Pork in South Korea: A Quasi-Experimental Hedonic Price Approach. Sustainability, 10(892), 2–16.
Maryam, S., & Suprapti. (2008). Studi Banding Resiko Ekonomi Usahatani Pepaya Varietas Thailand dan Hawaii. EPP, 5(1), 8–15.
Novickyte, L. (2018). Income Risk Management in Agriculture using Financial Support. European Journal of Sustainable Development, 7(4), 191–202.
Patrick, G. R., Wilson, P. H., Barry, P. J., Bogges, W. G., & Young, D. L. (1985). Risk Perceptions and Management Response: Producer Generated Hypotheses for Risk Modelling. Southern Journal Agricultural Economics, 17, 231–238.
Peraturan Menteri Perdagangan Republik Indonesia 2017 No. 57, Penetapan Harga Eceran Tertinggi Beras. Purbiyanti, E., Yazid, M., & Januarti, I. (2017). Konversi Lahan Sawah di Indonesia dan Pengaruhnya terhadap Kebijakan Harga Pembelian Pemerintah (HPP) Gabah/Beras. Jurnal Manajemen dan Agribisnis, 14(3), 209–217.
Rachman, B., Agustian, A., & Syaifudin, A. (2019). Implikasi Kebijakan Harga Eceran Tertinggi Beras terhadap Profitabilitas Usaha Tani Padi dan Harga, Kualitas, serta Serapan Beras. Analisis Kebijakan Pertanian, 17(1), 59–77.
Rahmawati, A., & Fariyanti, A. (2018). Analisis Risiko Harga Komoditas Sayuran Unggulan di Indonesia. Forum Agribisnis, 8(1), 35–60.
Sitorus, N. V., & Sitepu, I. (2021). Perbandingan Usahatani Padi Sawah Sebelum dan Sesudah Pembangunan Irigasi. Musamus Journal of Agribusiness, 3(2), 91–104.
Suryana, A., Rachman, B., & Hartono, M. D. (2014). Dinamika Kebijakan Harga Gabah dan Beras dalam Mendukung Ketahanan Pangan Nasional. Pengembangan Inovasi Pertanian, 7(4), 155–168.
UNCTAD. (2019, 15–16 April). Managing Commodity Price Risk in Commodity Dependent Developing Countries. Trade and Development Commission Multy-Year Expert Meeting on Commodities and Development. Eleventh session, Geneva.
Zuhara, U., Akbar, M. S., & Haryono. (2012). Penggunaan Metode VaR (Value at Risk) dalam Analisis Resiko Investasi Saham dengan Pendekatan Generalized Pareto Distribution (GPD). Jurnal Sains dan Seni ITS, 1(1), 56–61.
Published
2022-11-26
How to Cite
Lastinawati, E. (2022). Risk Analysis of Rice Price in Related to Ceiling Price of Rice Regulation in South Sumatra Province. Musamus Journal of Agribusiness, 5(1), 1 - 8. https://doi.org/10.35724/mujagri.v5i1.4985
Section
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