Jurnal Manajemen dan Agribisnis
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).
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<![CDATA[Priority Factors in The Development of Sustainable Oyster Mushroom Agribusiness ]]>
<![CDATA[Novira Kusrini]]>;
<![CDATA[Rini Sulistiawati]]>;
<![CDATA[Imelda Imelda]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.86
<![CDATA[Determining factors in the development of sustainable oyster mushroom agribusiness is an important issue presently considering oyster mushrooms have good opportunities and potential. This research aims to identify prioritizing factors in the development of sustainable oyster mushroom agribusiness in Kubu Raya Regency West Kalimantan Province. This research uses the descriptive method. Respondents were 30 key informants from related agencies (Agriculture Office of Food Crops and Horticulture, agricultural extension workers, researchers in horticulture, oyster mushroom entrepreneurs, and oyster mushroom traders). The research was conducted from March to June 2018. Data were analyzed by the Analytical Hierarchy Process (AHP) analysis. The result indicates that supporting facilities aspect is the most important criterion to be considered. The main sub-criteria are oil palm empty fruit bunches (OPEFB) potential (ecology), return on investment (financial), perception and attitudes of the community in consuming oyster mushrooms (socio-culture), capital (institution), labor availability (human resources), adoption readiness (technology), and market (supporting facilities). The main sub-sub criterion is market demand.]]>
<![CDATA[Transaction Cost Analysis on Revenues and Profits of Red Chili Farming ]]>
<![CDATA[Zumi Saidah]]>;
<![CDATA[Harianto Harianto]]>;
<![CDATA[Sri Hartoyo]]>;
<![CDATA[Ratna Winandi Asmarantaka]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.66
<![CDATA[This research aimed to analyze the transaction cost structure and the effect of transaction costs on the revenue and profit of red chili farming. The analytical methods used were Transaction Cost Economic (TCE) analysis and multiple regression analysis. This research was conducted in Garut Regency, West Java, on 145 farm households. The research results showed that the highest percentage of transaction cost components was at implementation costs of 25.1 percent, followed by information search costs of 23.1 percent and negotiation costs of 22.3 percent. The number of transaction costs formed in red chili farming was IDR 3,990 727.74 per year. The ratio of transaction costs to total costs was 0.0285. This indicated that farmers had to issue 2.85 percent of the total costs for transaction costs. In addition, the percentages of transaction costs for revenue and profit of red chili farming were 4.65 and 5.27 percent respectively. The results also showed that five variables had significant effects on the benefits of red chili farming. The five variables included the price of chili seeds, manure, insecticides, labor wages, and transaction costs.]]>
<![CDATA[The Strategy for Improvement of "Enting Geti" Quality in Production Process with Fuzzy Analytical Hierarchy Process in Blitar Regency, East Java ]]>
<![CDATA[Siti Asmaul Mustaniroh]]>;
<![CDATA[Jaya Mahar Maligan]]>;
<![CDATA[Ninda Ayu Puspitasari]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.97
<![CDATA[SMEs of peanut snack “Enting geti” in Blitar Regency is divided into several clusters based on performance and product quality. The center of Enting geti SMEs is in Rejowinangun village, Blitar Regency, East Java. The main problem in SMEs is the diversity of production process between SMEs and unstandardized formulas such as inconsistencies in quality. This study aimed at determining the best formula of Enting geti based on the Indonesian National Standard (SNI) and determining the quality improvement strategy of production process. This research used 2 methods of the consumer acceptance test (organoleptic test) analyzed with the Effectiveness Index and laboratory test with Multiple Attribute. The improved production process was on caramelization process and reduction of wijen composition. The treatments used were the cooking temperature of 75±2ºC and 85±2ºC. The results based on acceptance test and laboratory test showed that the second treatment (temperature 85±2ºC with 10% wijen reduction) was the best treatment. The priority of determining the strategy with Fuzzy Analytical Hierarchy Process found that the best strategy in the production process variable with an alternative strategy is to establish a partnership that can be done by building cooperation with several fixed suppliers and by improving the flow of information.]]>
<![CDATA[Indonesian Palm Oil in The World Vegetable Oil Market in the Period Of 2004-2017: Leader Or Follower? ]]>
<![CDATA[Wanti Fitrianti]]>;
<![CDATA[Yusman Syaukat]]>;
<![CDATA[Sri Hartoyo]]>;
<![CDATA[Anna Fariyanti]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.1
<![CDATA[This research specifically analyzed the market integration and transmission of Indonesian palm oil prices in the world vegetable oil market. The analysis using the Threshold Vector Error Correction Model approach was based on time series on the palm oil, soybean oil, rapeseed oil and sunflower oil prices for the period of January 2004 to June 2017. The findings proved the existence of market integration and transmission of asymmetric prices marked by price increases transmitted more quickly among the vegetable oil markets in the long run. The main findings of this research indicated that there was an intense competition between the vegetable oil market and the price of Indonesian palm oil which still followed the rising price of Malaysian palm oil, soybean oil, and rapeseed oil prices, but it was still the leader in the movement of sunflower oil prices. However, the long-term period of soybean oil prices followed a decline in the price of Indonesian palm oil. The results of this research imply that Indonesian palm oil has the opportunity to strengthen its position in the world vegetable oil market by developing futures exchanges that are supported by the adequate physical trading market infrastructure so that it can become the center of formation and reference for world palm oil prices.]]>
<![CDATA[Utilizing Stakeholders Analysis on Sustainable Organic Farming in West Java: The Case of Cisarua Organic Farming ]]>
<![CDATA[Sekar Wulan Prasetyaningtyas]]>;
<![CDATA[Sobir Sobir]]>;
<![CDATA[Aji Hermawan]]>;
<![CDATA[M. Syamsul Maarif]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.56
<![CDATA[There has been an increase in demand for organic products in Indonesia along with the incessant slogan of healthy living. In terms of small farmers, organic farming is proven to provide increased income, unfortunately, there is no clear system and strategy in developing organic agriculture in Indonesia. The purpose of this research was to understand the role of key stakeholders in Cisarua Horticulture Organic Farming. Stakeholder analysis used in this research to get knowledge about the actors, their behavior, relationships and their influence on decision - making processes. The information is used to develop the farm strategies, to reach the farm goals and to assess the feasibility of policy directions. The methodology used is the Soft System Methodology (SSM). SSM is an organizational process modeling method that can be used for general problem resolution and change management. Rich picture, Root definitions, and conceptual model were presented in the paper. Data were taken using focus group discussion and in-depth interviews with the farm staffs, farmers of the sustainable horticulture organic farming farm in Cisarua, Indonesia, and national organic farming association. From Stakeholders analysis, four main results were obtained: identifying the relationship among stakeholders; conflicts among them; the stakeholders’ role in farm; and the stakeholders’ interest towards farm program. In conclusion; focusing on one hauler only, investing in seed horticulture products, improving the quality of horticulture products, and mentoring for small-scale farmers were identified as a critical action for the strategy in the organic farming farm in Cisarua, Indonesia. The policy implications of this research are basically to see the contribution of actors in making a strategy. ]]>
<![CDATA[The Influence of Experiential Marketing on Customer Satisfaction and Loyalty of Corner Coffee Shop in Langsa ]]>
<![CDATA[T Maureza Arismunandar]]>;
<![CDATA[Hartoyo Hartoyo]]>;
<![CDATA[Diah Krisnatuti]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.77
<![CDATA[The level of coffee consumption is on a raging level, making the coffee shop business is also increasingly emerging in the form of both local coffee shops and international coffee shops. Coffee Corner is the first coffee shop in Langsa city that combines traditional and modern aspects in its presentation. To ensure business continuity, Kedai Coffee Corner has to create a strategy so that it can boost their customer satisfaction and loyalty by providing experience that can be formed through five dimensions of sense, feel, think, act and relate. This study aims to analyze the influence of experiential marketing on customer satisfaction and loyalty. Corner coffee shop customers of which criteria is above than 17 years old and willing to be respondents are taken and as many as 180 respondents are selected using accidental sampling technique, then the respondents fill out a questionnaire that contains a statement about the variables studied so that the data obtained will then be processed using Structural Equation Modeling (SEM). The result of the research shows that experiential marketing has a significant effect on customer satisfaction and loyalty either directly or indirectly. Experiential marketing is reflected by two dimensions that have the greatest contribution and those are sense and relate. Better quality and aroma of the coffee, as well as superiority in fragrant than other coffee shops, is the indicator that contributes the most to the sensory dimension. An excellent coffee image and quality of the presentation are the indicators that contribute the most to the relative dimension.]]>
<![CDATA[Perceived Risk Analysis of and Willingness to Buy Food Nanotechnology ]]>
<![CDATA[Citra Fidyani]]>;
<![CDATA[Arif Satria]]>;
<![CDATA[Kirbrandoko Kirbrandoko]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.44
<![CDATA[A number of studies stated that nanotechnology is predicted to encourage the third wave of research diffusion, development, and advancement in agricultural and food sectors, as an integrated part of the nanotechnology revolution in various fields. The aim of this study was to assess the effect of nanotechnology knowledge, trust, and communication media on perceived risk and willingness to buy food nanotechnology. The data came from an online questionnaire with 302 people collected by an online survey, and the research used a purposive sampling method, and structural equation modeling was used for data analysis. Based on the result of the research on three variables (nanotechnology knowledge, trust, and communication media), it is known that communication media and trust had significant effects on risk perception; however, nanotechnology knowledge had no significant effect. Furthermore, perceived risk had a significant effect on willingness to buy food nanotechnology. The sequence from the largest to the smallest of willingness to buy is functional food with a health benefit, food packaging, and food additive to improved product quality. Functional food has been chosen because there is an additional health benefit they will get. Meanwhile, food packaging was considered less risky as it did not directly contact with the product and was not digested by the body. Food additives to improve product quality was the lowest since the respondents felt they did not get any benefits from the application.]]>
<![CDATA[Risk Analysis for Sustainability of Oil Palm Smallholdings ]]>
<![CDATA[Diana Chalil]]>;
<![CDATA[Riantri Barus]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.23
<![CDATA[Oil palm plantation is well known as a profitable business. In general, oil palm smallholders have a higher income than farmers of other commodities. However, most smallholdings have land sizes that do not reach the economic scale. Together with the lack of managerial skills, smallholdings are likely to be more vulnerable to production and price fluctuations, which in turn affects their business sustainability. This study was conducted to analyze the possibility and impact of production and price changes to the oil palm smallholdings’ sustainability. Data were collected from 240 schemed and independent smallholders in Asahan, Labuhan Batu, Labuhan Batu Utara and Labuhan Batu Selatan, which were selected with purposive cluster sampling. The production and market risk possibility and impact were measured with Value at Risk Method. The estimations showed that smallholders had a low risk possibility and impact, which partly stemmed from the enormously low threshold of both production and market risks. In fact, on average, smallholders’ productivity is less than 20% of the potentials, and many schemed smallholders receive low prices due to their aged trees. This may be harmful to smallholding sustainability. Since VaR only considers risks from variations of production and price, a low threshold is not considered as a risk for sustainability. Therefore, further studies using different thresholds or approaches are required. From the policy implication point of view, to address such a situation, the Indonesian government needs to improve smallholdings’ productivity and their composition of trees.]]>
<![CDATA[The Interdependence of Indonesia Coffee Futures and Spot Market and Its Relationship with Offshore Futures Market ]]>
<![CDATA[Anis Erma Wulandari]]>;
<![CDATA[Harianto Harianto]]>;
<![CDATA[Bustanul Arifin]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.30
<![CDATA[In the Indonesia coffee premature market, it is important to confirm whether the futures market has interdependence with the spot market. Moreover, as the world’s largest coffee producers after Brazil, Vietnam, and Colombia, it is also important to examine the interdependence between Indonesia markets with the offshore futures market whose prices are used uses for local price determination. This study examined the granger causality relationship between Indonesia’s futures and spot market, and granger relationship between Indonesia and the offshore futures market using data of daily Arabica and Robusta coffee prices starting from January 2014 to June 2018. The test indicated that the futures market has a stronger ability to predict the spot market; therefore, price discovery in the futures market. Bidirectional causality relationship between Arabica offshore futures and spot market indicates market demand on Arabica coffee. In general, it’s identified unidirectional granger causality relationship between local and offshore futures market with information flows from the local futures market reflects the offshore market high expectation toward crop information during harvesting period both Arabica and Robusta. This is due to the importance of Indonesia’s coffee crop report to world aggregate coffee production.]]>
<![CDATA[The Effects of Macroeconomic Variables and Corporate Financial Performance on Stock Prices of Palm Oil Companies in Indonesia ]]>
<![CDATA[Pebrika Yudha Putri]]>;
<![CDATA[Noer Azam Achsani]]>;
<![CDATA[Koes Pranowo]]>
<![CDATA[ Jurnal Manajemen & Agribisnis Vol. 16 No. 1 (2019): JMA Vol. 16 No. 1, March 2019 ]]>
Publisher : <![CDATA[School of Business, Bogor Agricultural University (SB-IPB) ]]>
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DOI: 10.17358/jma.16.1.12
<![CDATA[Palm oil commodity is still one of the largest foreign exchange contributors to the Indonesian states and remains as an attractive industry. In 2016, Indonesia was the main exporter of CPO with the highest production volume in the world. Palm oil issuers face business challenges from external and internal factors. This research was conducted to analyze whether the stock price of oil palm issuer in Indonesia was influenced by macroeconomic variables (crude oil price, exchange rate, inflation, and interest rate) and financial performance variables (DER, ROA, ROE, EPS, and AUR). This is important because if the macroeconomic variables and financial performance of the company have an impact on the company's performance reflected in the stock price movement of the issuer, this will be an important consideration for investors to take decisions. The results of this research using panel data regression (2010-2016 with quarter data) indicated that only one macroeconomic variable of Exchange Rate that had a negative significant effect on the price of palm oil stock while the financial performance variables in this research affecting the palm oil stock price significantly were DER, ROA, ROE, EPS, EPS t-1, and Stock Price t-1. All variables used in this research can represent the influence of the stock price of palm oil by 99.21%.]]>
