Jurnal Manajemen & Agribisnis https://jagb.journal.ipb.ac.id/index.php/jmagr <p>Journal of Management &amp; Agribusiness (JMA) publishes articles in agribusiness management &nbsp;fields such as agribusiness competitiveness, value chain of agribusiness, supply chain of agribusiness, and strategic agribusiness issues. JMA is published by School of Business,&nbsp;Bogor Agricultural University (SB-IPB) associated with Indonesian Society of Agricultural&nbsp;Economics (PERHEPI/ISAE). JMA was first published at the beginning of 2004 with twice per year in frequency on march and october. Since 2012, JMA has been published three times per year on March, July and November. Editor receives articles of empirical research and reviews in agribusiness management.</p> <p>JMA is a peer reviewed journal that has been <strong>Accredited&nbsp;</strong>by Directorate General of Higher Education (DGHE), Republic of Indonesia No 12/M/Kp/IE/2015 which is valid for 5 (five) years since enacted on 11 May 2015. Base on&nbsp;Directorate General of Research and Development Strengthening, Ministry of Research, Technology and Higher Education of the Republic of Indonesia No 30/E/KPT/2018 JMA get <strong>ranked 2 accredited (SINTA 2)</strong>&nbsp;status.</p> <p>JMA has been registered in <strong>Crossref (since 2015), ACI - ASEAN Citation Index, DOAJ, Indonesian Publication Index (IPI), SINTA Rank 2, Google Scholar, </strong>and other scientific databases.&nbsp;</p> <p>Editors can revise the paper without changing the substance and content after a blind review process. The articles sent by the author must be an original script and is not being considered for publication by other journal or publishers.</p> <p>P-ISSN: <a href="http://issn.pdii.lipi.go.id/issn.cgi?daftar&amp;1180428118&amp;1&amp;&amp;">1693-5853</a><br>E-ISSN: <a href="http://issn.pdii.lipi.go.id/issn.cgi?daftar&amp;1416204681&amp;1&amp;&amp;">2407-2524</a></p> <p>Download the <a href="https://drive.google.com/open?id=1FaIZjInXQQDJCaS7P0CI02MVrCTP6hjy">Submissions Guidelines&nbsp;</a> and <a href="https://drive.google.com/open?id=164hotGcBgjyCYEqC0SReLbOJmdqfNv1H" target="_self">Author Guidelines</a></p> <p>______________________________________________________________</p> <p><strong><span style="color: blue;"><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;<strong><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;</strong> JMA started in 2018 only&nbsp;receives articles&nbsp;using english&nbsp;<strong><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;</strong><strong><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;</strong></span></strong></p> <p><strong><span style="color: blue;">______________________________________________________</span></strong></p> School of Business, Bogor Agricultural University (SB-IPB) en-US Jurnal Manajemen & Agribisnis 1693-5853 <p><span style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;">Authors who publish with this journal agree to the following terms:</span></p><br /><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><li>Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a <a style="text-decoration: none !important; color: #3b5998 !important;" href="http://creativecommons.org/licenses/by/3.0/" target="_new">Creative Commons Attribution License</a> that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.</li></ol></ol><br /><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><li>Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.</li></ol></ol><br /><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><li>Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See <a style="text-decoration: none !important; color: #3b5998 !important;" href="http://opcit.eprints.org/oacitation-biblio.html" target="_new">The Effect of Open Access</a>).</li></ol> EFFICIENCY OF OIL PALM SMALLHOLDERS IN INDONESIA: A META-FRONTIER APPROACH https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34144 <p>This research aims to evaluate the performance production and technical efficiency of oil palm production in Indonesia based on the management pattern (independent farmers and supported farmers). The secondary data were used from the Estate Cultivation Household Survey (ST2013 SKB) conducted by BPS-Statistics Indonesia. The empirical analysis involved using a meta-frontier approach, allowing one to decompose efficiency into group-level technical efficiency and technology gaps. The results indicate that the output of each management pattern behind their potential with the mean technical efficiency of 0,6789 and 0,7127 for independent farmers and supported farmers, respectively. The technology gap ratio statistics showed that the farmers had adopted the best available smallholder production technology in their farming. However, independent farmers were slightly more optimal than supported farmers. The efficiency measure generated from the meta-frontier revealed that supported farmers were more efficient, where the primary source of inefficiency came from managerial inefficiency. Thus, the policies to increase the production of oil palm smallholders must focus on the improvement of technical skills and managerial capabilities of farmers on the efficient use of resources and advanced technology by considering each characteristic of each management pattern.</p> <p>Keywords: technical efficiency, independent farmers, supported farmers, oil palm, meta-frontier</p> Firna Varina Sri Hartoyo Nunung Kusnadi Amzul Rifin Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 217 217 10.17358/jma.17.3.217 FIRM PERFORMANCE FACTORS AND EFFICIENCY OF INDONESIAN PALM OIL COMPANIES https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34145 <p>The palm oil industry is one of the agricultural, industrial sectors with a strategic role in the national economy, especially in Indonesia. Although this industry has a high contribution in Indonesia, the oil palm plantation companies have not shown satisfactory performance. Internal firm conditions and macroeconomic variables may influence the performance of oil palm plantation companies. Therefore, this study aims to investigate the firm performance determinants and efficiency of oil palm companies in Indonesia. The samples in this research are 12 oil palm companies listed on the Indonesian Stock Exchange (BEI) for the 2014-2019 periods. The panel regression analysis and the Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE) are applied in this study. The first result in the panel regression shows that the firm size, exchange rate, and world CPO price affect ROA as the operational performance. Moreover, liquidity, leverage, and inflation do not affect ROA as operational performance. The second result in panel regression shows that inflation, exchange rate, and CPO World Price affect PER as the market performance. However, market performance is not affected by liquidity, leverage, and firm size. The efficiency analysis shows that the firm ranking tends to fluctuate in the observation period. This analysis defines that the oil palm plantation companies in Indonesia, on average, have a similar performance.</p> <p>Keywords: palm oil, firm performance, efficiency, internal conditions, macroeconomics</p> Arif Imam Suroso Hansen Tandra Mukhamad Najib Yusman Syaukat Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 227 227 10.17358/jma.17.3.227 TECHNOLOGY ADOPTION AND TECHNICAL EFFICIENCY OF OIL PALM SMALLHOLDER PLANTATION IN RIAU AND WEST KALIMANTAN https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/32438 <p>This study was conducted to assess the role of adoption of oil palm cultivation technology that has been recommended by the government (RI Regulation of the Minister of Agriculture No 131 / Permentan / OT.140 / 12/2013 concerning Guidelines for Good Oil Palm Cultivation) on production efficiency from smallholder plantations on the dependent smallholder and independent smallholder in Riau and West Kalimantan. Specifically, this study is: (1) to analyze the factors that influence the level of production and analyze the technical efficiency of smallholder oil palm in Riau and West Kalimantan, (2) to analyze the effect of intensity of technology adoption on productivity and efficiency of smallholder oil palm production in Riau and West Kalimantan, (3) To identify the factors affecting technical inefficiency in smallholder plantations in Riau and West Kalimantan. The research objectives were analyzed by using a stochastic frontier model to estimate productivity, the level of technical efficiency, and producer inefficiency simultaneously with allocative efficiency and economic efficiency. The results showed that smallholder oil palm farmers who adopt all recommended technologies compared to farmers who adopt not all recommended technologies had higher production efficiency. Analysis of technical efficiency showed that farmers in the dependent smallholder were more technically efficient than independent smallholders. Farmers who adopt more technology and had more experience, had higher efficiency than others. Farmers who were often associated with extension workers and more experience had higher efficiency than others.</p> <p>Keywords: oil palm smallholder, technology adoption, technical efficiency, Riau, West Kalimantan</p> Anto Ariyanto Yusman Syaukat Sri Hartoyo Bonar M. Sinaga Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 239 239 10.17358/jma.17.3.239 DETERMINANT OF FINANCIAL DISTRESS: THE CASE OF PULP & PAPER COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34146 <p>The pulp and paper industry contributes to the Indonesian economy, especially to the non-oil and gas processing industry. Empirical research shows that pulp and paper companies listed on the Indonesia Stock Exchange (IDX) indicated financial distress. This study aims to find the effect of liquidity, leverage, profitability, and efficiency on pulp &amp; paper companies' financial distress listed on the IDX. Using the Altman Z-score as a measure of financial distress, it was found that profitability, efficiency, and liquidity had a significant adverse effect on financial distress. In contrast, leverage had a significant positive effect on financial distress. Profitability has the greatest influence on financial distress, so it needs the primary intention of management.</p> <p>Keywords: financial distress, liquidity, profitability, leverage, efficiency</p> Augustina Kurniasih Heliantono Agus Herta Sumarto Rianti Setyawasih Isti Pujihastuti Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 254 254 10.17358/jma.17.3.254 MARKET INTEGRATION AND PRICE TRANSMISSION OF BEEF IN THE ARCHIPELAGIC STATE: THE CASE OF THE PROVINCES IN INDONESIA https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34147 <p>The Archipelagic state condition brings challenges to market integration and price transmission on two provinces market pairs within and between the island. The duration of price correction is essential to ensure market integration. Therefore, this study aims to assess the integration of domestic markets for beef within an island and between the island and analyze the speed of adjustment (the correction) of the prices by two provinces within the island and between the islands. These aims, daily frequency (weekdays) of Beef Consumer Prices (BCP) of 4 types of beef (Primary Cut, Secondary Cut AB, Meat Manufacturing and Fancy and Variety Meat) from 01 January 2015 to 27 April 2018 containing 28,611 observations were obtained. The data were analyzed using the Vector Error Correction Model (VECM). This study reveals that the island's provinces have fewer integrated than the pairs provinces located between islands by comparing 31 pairs with 38 pairs. It can be concluded that from research, the price correction in the pairwise province within an island is stronger than the pairwise between the islands, with 10.33 % per day and 9.87 % per day, respectively. This study recommends the government to formulate policies that carry out equitable development, especially those that facilitate access to the central beef production in Indonesia to avoid market exploitation and spread price information along with provinces in Indonesia, especially in eastern Indonesia.</p> <p>Keywords: archipelagic state, market integration, Indonesia, beef, VECM</p> Elifas Omega Yusufadisyukur Stephan von Cramon-Taubadel Suharno Rita Nurmalina Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 265 265 10.17358/jma.17.3.265 DYNAMICS OF CATTLE FATTENING INDUSTRY IN INDONESIA https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34148 <p>The cattle fattening industry faces challenges from external factors, especially macroeconomic conditions and industry challenges with the increasing beef substitution imports to replace fresh beef. This research aimed to analyze the dynamics of cattle fattening industry in Indonesia. Porter's Five Forces analysis was conducted to see the mapping of competitions in the cattle fattening industry. PESTEL analysis was conducted to see external factors that affected live cattle imports in Indonesia. Cointegration and Error Correction Model analysis was conducted to see important and influencing factors of live cattle imports in Indonesia as the dependent variables and exchange rates, Gross Domestic Product, beef imports, beef offal imports and buffalo meat imports as the independent variables. This research used time series data based on the 2011-2019 data obtained from the Central Statistics Agency, the Ministry of Agriculture and Bank Indonesia. The results of Porter's Five Forces analysis showed high competition in the cattle fattening industry with the threat of substitute products, which was the factor that fully needed a response with the right strategy by the cattle fattening industry. The results of PESTEL analysis showed that external factors had a high effect on the cattle fattening industry, with the most important things that needed to be considered based on conditions, influences on the industry and level of importance including the factors of the development of animal feed technology, exchange rate fluctuation and national economic growth. The results of the Cointegration and Error Correction Model analysis showed that the factors that were important and affected live cattle imports in Indonesia included exchange rates, beef imports and buffalo meat imports.</p> <p>Keywords: beef, buffalo meat, error correction model, exchange rate, live cattle</p> Giyono Arief Daryanto Dikky Indrawan Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 274 274 10.17358/jma.17.3.274 THE EFFECT OF SOCIAL MEDIA TOWARD ORGANIC FOOD LITERACY AND PURCHASE INTENTION WITH AISAS MODEL https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/31867 <p>This research aimed to analyze the effect of social media toward organic food literacy, analyze the effect of organic food literacy on consumer purchase intention, and analyze the components of the AISAS model that most effectively influence purchase intention. This research involved 150 respondents. Respondents consisted of social media followers from organic food sales account selected by the purposive sampling quota technique. Data collection was carried out using an online questionnaire. The SEM-PLS analysis in this research was used to analyze the direct effect of social media on organic food literacy and purchase intention based on AISAS modeling. The results of this study indicate that social media has a significant and positive effect on the attention, interest and search factors of consumers. Attention has a significant and positive effect on organic literacy from consumers. The share factor is the factor that most influences the consumer's buying interest of organic product. The influence given from influencer, friend, and relative testimonials is considered the most effective in attracting other consumers to buy. This can be used as a reference for organic product business people to find the most effective marketing method to attract consumer buying interest.</p> <p>Keywords: social media, organic food literacy, purchase intention, aisas model, SEM-PLS</p> Salwa Inaayatullah Fannani Mukhamad Najib Ma’mun Sarma Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 285 285 10.17358/jma.17.3.285 A STUDY OF LONG BEAN VEGETABLE MARKETING (Vigna Sinesis L) IN AMBULU DISTRICT, JEMBER REGENCY https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/31860 <p>Long bean vegetable farming in Ambulu Subdistrict, Jember Regency has a huge potential as indicated by the high demand for these vegetables. However, the price of long beans in Jember Regency at the retail level is too high and has implications for high marketing margins. The objectives of this study are: 1) To determine the performance pattern of long bean marketing channels formed, 2) Analyze the marketing value of long beans, and 3) Analyze the elasticity of long price transmission. The research method used is descriptive method with survey techniques and snowbolling sampling. To achieve the research objectives, each approach uses descriptive analysis, farmer's share (marketing efficiency), and price transmission elasticity. The results of the study revealed that 1) The pattern of long bean marketing channels formed by two channel patterns, namely the second and first level channels, 2) The first (second level) marketing channel pattern has a marketing margin of IDR&nbsp; 3,383 per kg, and the second marketing channel pattern (level one) has a marketing margin of IDR 1,500 per kg, and 3) The pattern of established marketing channels generally has a price transmission elasticity of Et = 1.17 and the shape of the lead market structure Oligopoly.</p> Syamsul Hadi Evita Soliha Hani Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 294 294 10.17358/jma.17.3.295 VALUE CHAIN GOVERNANCE FOR SMOKED FISH PRODUCTS IN THE NORTH COAST OF CENTRAL JAVA https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34149 <p>The seafood and aquaculture industry in Indonesia is much less vertically coordinated. However, there are trends towards coordination in fishery value chains through processing and distribution to retail and food service customers. This study aims to examine the governance of the smoked fish value chains in the North Coast of Central Java. The study used the survey data of 52 actors along the smoked fish value chains in the North Coast of Central Java, including fisherman in Demak and Rembang regencies, various types of middleman, processor, and retailers in Semarang. The data was analyzed using value chain mapping and governance analyses. The results showed that the actors involved in the smoked fish value chains consist of fishermen, wholesalers, collectors, processors, retailers, food stalls, and restaurants. Each actor has different activities in their role to add value to differentiate smoked fish products. The results also showed that the types of value chain governance of smoke fish in the North Coast of Central Java leads to relational governance with the complex and interdependent transactions.</p> <p>Keywords: aquaculture, coordination, fisherman, fishery products, relational</p> Indrajit Wicaksana Rita Nurmalina Suprehatin Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 304 304 10.17358/jma.17.3.304 THE EFFECTIVENESS OF THE SALT POLICY IN INDONESIA https://jagb.journal.ipb.ac.id/index.php/jmagr/article/view/34150 <p>In general, the goal of a policy is to achieve public welfare through regulations made by the government. Regulations are generally made because they are required to regulate the interests of the communities. Salt is an important commodity demanded by the people in Indonesia. In adition, Indonesia is a country with the second longest coastline in the world; therefore, it has a potential to produce salt and achieve self-sufficiency. However, the national salt production has not been able to meet the demand for salt, especially in meeting the needs for industrial salt. To overcome this problem, the government issued a policy of procuring salt through imports with the hope that industrial needs are met and simultaneously domestic salt production can be increased. The objective of this paper is to analyze the effectiveness of the government policies related to salt by adopting the Regulatory Impact Analysis (RIA) approach. Data and information were obtained through focus group discussions with relevant stakeholders and literature studies analyzed using the RIA approach. The results of this study concluded that the salt policies in Indonesia, especially related to the policy of salt imports, has not been effective. Strategies and corrective actions must be taken so that they can be optimally effective. Strategies that can be carried out include improving the import salt trade system through strengthening the data collection system, monitoring the running of local salt businesses and enforcing laws. The combination between improving the quality of salt produced by the local farmers and guaranteeing the salt prices at the farmer level will accelerate the achievement of the policy objectives.</p> <p>Keywords: self-sufficiency, public policy, imports, farmers, regulatory impact analysis</p> Suhendi Asaduddin Abdullah Fithriyyah Shalihati Copyright (c) 2020 Jurnal Manajemen & Agribisnis 2020-11-30 2020-11-30 17 3 315 315 10.17358/jma.17.3.315