Rahmanta
Study Program of Magister Agribusiness, Faculty of Agriculture, Universitas Sumatera Utara, Indonesia

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Risk Analysis and Calculation of Insurance Premiums on Coffee Export Activities in North Sumatera Province Sri Fajar Ayu; Rainal Sunny; Rahmanta
Indonesian Journal of Agricultural Research Vol. 3 No. 2 (2020): InJAR, Vol. 3, No. 2, July 2020
Publisher : Talenta Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (981.632 KB) | DOI: 10.32734/injar.v3i2.3968

Abstract

Coffee export activities in North Sumatera can be carried out using a variety of transaction systems. However, any transaction system has risks that may occur at any time. Risk management must be applied in coffee export activities. One common method used to manage risk is to use insurance services. This study aims to identify the type of transaction system that used by coffee exporters in North Sumatera Province, then analyze the risks that can occur in coffee export activities in this province and analyze the amount of insurance premiums on coffee export activities there. The location of the study was intentionally determined, namely in the North Sumatera Province. The research sample was 30 active exporters registered with the Indonesian Coffee Exporters Association of the North Sumatera Regional Board, determined by census. Primary data collected using a questionnaire and secondary data obtained from documentation. Transaction system identified using descriptive methods, while risk analysis is by calculating the risk score value. As for calculating the amount of insurance premiums carried out using Black-Scholes. The results found that there were three transaction systems that were used by research respondents in exporting coffee, namely letters of credit, advance payments and open accounts. Open Account is used by all respondents. While the export risk which is a priority risk in this research is at the risk of production. The average value of insurance premiums obtained using the Black-Scholes method is 7.82 percent of the total coverage.
Analysis of Affecting Factors on the Natural Rubber Exports Volume in North Sumatera Tasha Ningtyas Suri; Rahmanta; Rulianda Purnomo Wibowo
Indonesian Journal of Agricultural Research Vol. 4 No. 1 (2021): InJAR, Vol. 4, No. 1, March 2021
Publisher : Talenta Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/injar.v4i1.4584

Abstract

North Sumatra is the second largest natural rubber producing province in Indonesia so it has a considerable influence on Indonesia's rubber export activities, however, the export volume of rubber from North Sumatra has fluctuated. The aims of this research were to analyze the factors that influence the volume of natural rubber exports in North Sumatra. The analytical method used is quantitative analysis method in the form of robust regression analysis. The data used in this study are time series data from 1989-2018 using annual data. The results showed that North Sumatra's natural rubber production, natural rubber export price, exchange rate, and inflation simultaneously had a significant and significant effect on the export volume of North Sumatra's natural rubber. North Sumatra natural rubber production, natural rubber export prices, and the exchange rate partially have a real and significant effect on the export volume of natural rubber in North Sumatra, while inflation does not partially affect the export volume of North Sumatra natural rubber.