Analysis of Corn Supply In Indonesia
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 07
Abstract
Corn is an important food commodity in Indonesia. Corn production in Indonesia is influenced by various factors, including price, land area, soybean price, subsidized NPK fertilizer price, post-harvest agricultural machinery assistance, and imports. This study aims to analyze the level of elasticity of corn commodities on the supply side. The results of the analysis show that corn supply in Indonesia is inelastic to the price, land area, and price of soybeans. However, corn supply is elastic to subsidized NPK fertilizer prices, post-harvest agricultural machinery assistance, and imports. The supply elasticity to the price of corn is 0.408, which means that if the price of corn increases by 1%, then the supply of corn will increase by 0.408%. The supply elasticity to land area is 1.578, which means that if land area increases by 1%, then corn supply will increase by 1.578%. The supply elasticity to soybean prices is -0.309, which means that if soybean prices increase by 1%, then corn supply will decrease by 0.309%. The supply elasticity to the price of subsidized NPK fertilizer is -0.016, which means that if the price of subsidized NPK fertilizer increases by 1%, then the supply of corn will decrease by 0.016%. The supply elasticity of post-harvest agricultural machinery assistance is 0.048, which means that if post-harvest agricultural machine tool assistance increases by 1%, then corn supply will increase by 0.048%. The elasticity of supply to imports is 0.232, which means that if corn imports increase by 1%, then corn supply will increase by 0.232%.
Authors and Affiliations
Yulius Nugroho Ariyanto, Mubarokah, Hamidah Hendrarini
Keywords
Related Articles
- EP ID EP727240
- DOI 10.47191/jefms/v6-i7-45
- Views 45
- Downloads 0
Healthcare Industries' Capital Structure Determinants: Evident Listed Companies on the Indonesian Stock Exchang
The purpose of this paper is to examine the capital structure and its determinants within the Health Industry in Indonesia. Utilizing a panel data model, this study analyzes the financial data of Healthcare Companies lis...
SWOT Analysis for Double Track Program Development at SMAN 1 Tegaldlimo Banyuwangi
The Double Track program is an effort made by the government to facilitate high school graduates who do not continue on to the undergraduate level with various skills so that when they graduate they have the skills to pr...
Can Foreign Ownership and Leverage Affect Tax Avoidance
A company in carrying out tax avoidance actions is influenced by management decisions and company ownership structure. Companies with a higher level of foreign ownership, then the determination of company policies from f...
Analysis of Factors Affecting Value Added Eucalyptus Oil Agroindustry at Eucalyptus Oil Factory Perhutani Kupang Mojokerto
The eucalyptus oil agricultural industry as a from of indusrty that processes eucalyptus leaves into eucalyptus oil contributes to increased value creation and income as well as employment. This study aims to determine w...
Motivation Role in Mediating the Effect of Work Culture and Organizational Citizenship Behavior on Performance
The work system in MSME centers is not like in companies, and this attracts researchers to explore related work culture, OCB, motivation and performance. This study aims to determine the effect of work culture and OCB on...