Performance Evaluation and Optimum Portfolio Allocation for Stocks of Agribusiness and Non-Agribusiness Companies in ILQ45

Investors need fundamental aspects to allocate their fund in a set of efficient portfolio to maximize their yield. One of many fundamental aspecs is risk and return stocks price analysis. There were some agribusniness companies and non-agribusiness companies listed in ILQ45. This study was aimed to know stock performance of agribusiness companies compared with non-agribusiness companies which were listed in Index Liquid 45 in Indonesia Stock Exchange and to allocate optimum portfolio with cut off point method and randomly designed methode. Data of monthly from August 2011-December 2015 was used in this study. The result showed that range of return of agribusiness companies was -13.24% up to 20.098% and non-agribusiness was 49.50% up to 10.39%. Range of standard deviation for agribusiness companies was 6.43%-14.36% and 5.87-15.54% for non-agribusiness. Range of positive coefficient of variance (CV) for agribusiness was 3.59-18.61 and 5.47-59.19. Optimum portfolio formed by Unilever Indonesia (61.27%), Indofood ICBP (32.27%), BCA (3.81%), and BRI (2.65%). Return of optimum portfolio was 21.77% year on year and it was the highest return among portofolios which were formed randomly

Peran Sektor Pertanian Terhadap Perekonomian Daerah Istimewa Yogyakarta (Analisis Input-output Daerah Istimewa Yogyakarta Untuk Komoditas Tebu)

Local economic development is held by focusing on the leading sectors. One of measures of the success of economic development viewed from the economic growth by measuring income and GDP. A sector which gives the high contribution to others sectors, increasing income, and GDP is included as contributive sector. The aim of the study is to analyze the contribution of agriculture sectors especially the sugarcane in increasing economic growth of Yogyakarta. The analyze is based on input-output data from Badan Pusat Statistik Yogykarta in year 1995, 2000, and 2010. The result of the research is that the sugarcane is not the leading sector of Yogykarta. In the other side, rank of sugarcane in output multiplier, income multiplier, and GDPs multiplier in 2010 and its contribution in economic growth are better than 1995 and 2000. It means, by the better management on agriculture, in the future, the sugarcane can increase the economic growth of Yogyakarta. Keywords: tebu, analisis input-output, pengganda output, pengganda pendapatan, pengganda nila

GAMBARAN UMUM SEKTOR UNGGULAN DAN KONTRIBUSI SEKTOR PERTANIAN DI PROVINSI JAWA TIMUR (OLAH DATA TABEL INPUT-OUTPUT PROVINSI JAWA TIMUR TAHUN 2010)

Pembangunan daerah dilakukan dengan memaksimalkan potensi sumber daya yang ada di suatu daerah. Karena sebagian besar penduduk Indonesia adalah petani, maka penting untuk mengetahui kontribusi sektor pertanian terhadap perekonomian suatu daerah. Makalah ini bertujuan untuk mengetahui kontribusi sektor pertanian terhadap multiplier output, pengganda pendapatan, dan pengganda tenaga kerja. Metode yang digunakan dalam penelitian ini adalah Analisis Input Output yang diperoleh dari Badan Pusat Statistik Provinsi Jawa Timur Tahun 2010. Hasil penelitian menunjukkan bahwa komoditas tebu berada pada kuadran II, Dari keseluruhan data di atas maka dapat disimpulkan bahwa (1) Komoditas tebu dapat mendorong berkembangnya industri gula di Jawa Timur, (2) di sektor peternakan, subsektor yang dapat dikembangkan adalah pakan ternak, pemotongan hewan, sapi, kambing dan domba, serta ayam (3) di sektor pengolahan subsektor pengolahan es krim, beras, dan penggilingan padi serta rokok. ABSTRACTLocal development is held by maximizing potential resources in a particular region. In addition, most of Indonesian people are farmers so it’s important to identify the agriculural contribution in local economic. The aim of this study are to study the contribution of agriculture  in ouput multiplier, income multiplier, and employment multiplier. The method which was used in this research was input-output analysis based on Badan Pusat Statistik East Java Province’s data in 2010. From the analysis, we can conclude that the sugarcane was formed in the second quadrant, in which (1)sugarcane comodity promoted the sugar industry in East Java Province (2) in livestock subsector, the woof of livestock industry, animals truncation, sheeps, goats, and chicken husbandry (poultry) were potentially to be developed (3) in processing subsector which was based on agriculture product, ice cream and processing, rice milling and cigarette were potentially to be developed.

PERAN SEKTOR PERTANIAN TERHADAP PEREKONOMIAN DAERAH ISTIMEWA YOGYAKARTA (ANALISIS INPUT-OUTPUT DAERAH ISTIMEWA YOGYAKARTA UNTUK KOMODITAS TEBU)

Local economic development is held by focusing on the leading sectors. One of measures of the success of economic development viewed from the economic growth by measuring income and GDP. A sector which gives the high contribution to others sectors, increasing income, and GDP is included  as contributive sector. The aim of the study is to analyze the contribution of agriculture sectors especially the sugarcane  in increasing economic growth of Yogyakarta. The analyze is based on input-output data from Badan Pusat Statistik Yogykarta in year 1995, 2000, and 2010. The result of the research is that the sugarcane is not the leading sector of Yogykarta. In the other side, rank of sugarcane in output multiplier, income multiplier, and GDP’s multiplier in 2010 and its contribution in economic growth are better than 1995 and 2000. It means, by the better management on agriculture, in the future, the sugarcane can increase the economic growth of  Yogyakarta.   Keywords: tebu, analisis input-output, pengganda output, pengganda pendapatan, pengganda nila

Problematika Pengembangan Padi Organik di Sawangan Magelang serta Peluang Sertifikasi Internasional

Organic farming has been remarkably evolving in many areas of Indonesia for responding environmental issues and producing healthy foods. Organic rice is a type of organic farming product of a system which has been widely practiced including in Sawangan Village Magelang District as one of pioneering area on organic rice development in Central Java Province. This study is directed to analyze supporting factors, various problems faced on the development of organic rice and opportunity for getting international organic certification. A study has been done through household interview (30 farmers), indepth interview with key informants and Focus Group Discussion (FGD) at agricultural office of Magelang District. Data analysis used in this study are statistical descriptive and categorical qualitative. Results of the study show that: (1) performance of organic rice gradually getting better and productivity level has been getiing closer to conventional high external input rice farming, (2) supporting factorson improvement of organic rice include healthy rice production initiated through integrated pest management,transformative group leadership, supports from related stakeholders, high economic incentive, improvement of market networking, product certification, ICT application and favourable natural resource endowment, (3) Problems faced on the development of organic rice include variety of product quality among farmers, price variety and fluctuation, difficulty in organic seed access, mixing area of organic and anorganic rice farming, (4) Strategies for improving opportunity to get international organic sertification include innovation on product diversification, application of fresh product certification, modernization of machine for rice processing

PENGENDALIAN KUALITAS BAHAN BAKU DAN PRODUK TEH HITAM DI PT PAGILARAN, BATANG

The quality of final product of tea is determined by its material and process. Low percentage of damaged fresh tea leaves produced first grade of final product of tea and high percentage of damaged fresh tea leaves produced the reddish tea. In addition, implementation of standardized process ensures high quality of product then it is important to control every stage of production process: material holding, processing in the factory, and assessing the quality of final product. Statistical Quality Control (SQC) method, using Control Chart, may be used to observe the quality fluctuation of raw material, material in process, and final product. The objective of this research was to study the statistical quality control in material, process, and final productof black tea. The research formed as a case study which was done in PT Pagilaran, Batang Regency. Data used in this case study were the percentage of damaged tealeaves, degree of wilting during the process, water content, and density in final product of black tea measured in year 2013. The data were captured monthly and annualy. The 3-sigma control chart showed stastically an upper control limit value and a lower control limit value of each parameter. The results showed that in year 2013, the mean of percentage of damaged tea leaves was 11,28% and while the degree of wilting in PT Pagilaran was 41,57%. The percentage of damaged tea leaves and degree of wilting were out of statistical quality control but they were in the company�s spesification, in which the maximum percentage of damaged tea leaves was 13%, and degree of wilting was about 41%-42%. The water content of BOP, BOPF, PF, Dust, PF2, Dust 2 measured in year 2013 lay in statistical quality control and matched with company�s spesification but Bohea was out of statistical quality control. The density of BOP, BOPF, PF, PF2 and Dust 2 measured in year 2013 was in statistical quality control but Dust and Bohea were out of statistical quality control. The density of each grade was not in company�s spesification

Farmer’s willingness to accept the sustainable zoning-based organic farming development plan: A lesson from Sleman District, Indonesia

Zoning-based organic farming has become increasingly attractive in Indonesia for producing healthy food, improving the quality of land and the environment, and increasing the welfare of farmers. The problem is that organic farming areas should be certified by a legal agency called the National Standardization Agency and the cost should be paid by farmers in those areas. Zoning allows the farmers to jointly manage farming areas, including payment of certification costs. However, the success of zoning-based organic farming implementation depends on farmers’ acceptability. This study aims to analyse perceptions and knowledge regarding zoning-based organic farming plans, measure the level of farmers’ willingness to accept (WTA) zoning-based organic farming plans and determine the effect of economic, ecological, and social support factors, as well as other factors towards WTA the zoning-based organic farming system. This study found that the majority of farmers perceive zoning-based organic farming as economically viable and ecologically and socially supported compared to conventional farming since most of the farmers have good knowledge regarding the importance of zoning. Although the farmers have long been experiencing conventional farming, the number of WTA farmers in zoning-based organic farming is very high. The study confirmed that the ecological aspect is the most influential in accepting zoning-based organic farming. Economic factors have a very strong influence on increasing farmers’ WTA zoning-based organic farming. This study also suggests that the implementation of zoning-based organic farming needs to be sustainably supported by the community