INTEREST RATE AND SUPPLY RESPONSE OF OIL PALM PRODUCERS IN INDONESIA

2021 ◽  
Vol 21 (2) ◽  
pp. 1-21
2015 ◽  
Vol 11 (2) ◽  
pp. 16-25
Author(s):  
CN Nwawe ◽  
BO Erumwenbibi ◽  
SN Utulu ◽  
M Dada ◽  
EI Omofonmwan

Due to the dramatic increase in the incidence and severity of poverty in Nigeria arising from the dwindling performance of the agricultural sector where a preponderant majority of the poor are employed, the revenue from the farmer’s output is of paramount importance in order to maintain continuous cycle of production. However, this study was designed to economically assess oil palm projects in Nigeria. Secondary data used for this study were collected from Nigerian Institute for Oil Palm Research (NIFOR) and related journals. The data collected were analyzed using discounted cash flow techniques. The result shows that at 32% interest rate NPV was positive (N20,275), IRR was 33% and the BCR was 1.06. The sensitivity analysis revealed that at 5% fall in revenue of the project, the NPV was positive (N1,403) while at 10% fall in revenue, the NPV became negative (N-28,747). Therefore, since price and yield quantity is an important ingredient in determining the revenue from oil palm project, investor has to watch closely these variables that may affect the profitability of the project.Keywords: Oil palm, NPV, IRR, BCR, discount factor.


Author(s):  
Mariyah Mariyah ◽  
Yusman Syaukat ◽  
Sri Hartoyo ◽  
Anna Fariyanti ◽  
Bayu Krisnamurthi

Determining of optimal replanting age of oil palm helps farm households to prepare replanting investment. This research was to detemine optimal age for replanting of oil palm and to evaluate the sensitivity of optimal replanting age when there are changes in output price, cost, interest rate, and yield. The number of samples  are 268 oil palm farm household. The farmers, age of oil palm and location were taken based on purposive sampling. Data were analyzed using profit maximization concept with Comparison of Equivalent Annual Net Revenue (CEAN) method.  The result showed that the optimal replanting age of oil palm with quadratic production function  and cubic production function was between 33 and 35 years. The optimal replanting age was sensitive to changes on interest rate, price of fresh fruit bunch, farm cost, and productivity.


Author(s):  
Nur Widiastuti

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model


2020 ◽  
pp. 31-53 ◽  
Author(s):  
Anna A. Pestova ◽  
Natalia A. Rostova

Is the Bank of Russia able to control inflation and, at the same time, manage aggregate demand using its interest rate instruments? In other words, are empirical estimates of the effects of monetary policy in Russia consistent with the theoretical concepts and experience of advanced economies? This paper is aimed at addressing these issues. Unlike previous research, we employ “big data” — a large dataset of macroeconomic and financial data — to estimate the effects of monetary policy in Russia. We focus exclusively on the period after the 2008—2009 global financial crisis when the Bank of Russia announced the abandoning of its fixed ruble exchange rate regime and started to gradually transit to an interest rate management. Our estimation results do not confirm standard responses of key economic activity and price variables to tightening of monetary policy. Specifically, our estimates do not reveal a statistically significant restraining effect of the Bank of Russia’s policy of high interest rates on inflation in recent years. At the same time, we find a significant deteriorating effect of the monetary tightening on economic activity indicators: according to our conservative estimates, each of the key rate increases occurred in March and December 2014 had led to a decrease in the industrial production index by about 0.2 percentage points within a year.


2017 ◽  
pp. 88-110 ◽  
Author(s):  
S. Drobyshevsky ◽  
P. Trunin ◽  
A. Bozhechkova ◽  
E. Gorunov ◽  
D. Petrova

The article investigates the Bank of Russia information policy using a new approach to measuring information effects on Russian data, including the analysis of the tonality of news reports, as well as internet users’ queries on Google. The efficiency of regulator’s information signals is studied using EGARCH-, VAR- models, as well as nonparametric tests. The authors conclude that the regulator communicates effectively in terms of the predictability of interest rate policy, the degree to which information signals affect the money and foreign exchange markets.


2015 ◽  
Vol 2 (2) ◽  
pp. 148-158
Author(s):  
Surianto

Spodosol soil of Typic Placorthod sub-group of East Barito District is one of the problem soils with the presence of hardpan layer, low fertility, low water holding capacity, acid reaction and it is not suitable for oil palm cultivation without any properly specific management of land preparation and implemented best agronomic practices. A study was carried out to evaluate the soil characteristic of a big hole (A profile) and no big hole (B profile) system and comparative oil palm productivity among two planting systems. This study was conducted in Spodosol soil at oil palm plantation (coordinate X = 0281843 and Y = 9764116), East Barito District, Central Kalimantan Province on February 2014, by surveying of placic and ortstein depth and observing soil texture and chemical properties of 2 (two) oil palm's soil profiles that have been planted in five years. Big hole system of commercial oil palm field planting on the Spodosol soil area was designed for the specific purpose of minimizing the potential of a negative effect of shallow effective planting depth for oil palms growing due to the hardpan layer (placic and ortstein) presence as deep as 0.25 - 0.50 m. The big hole system is a planting hole type which was vertical-sided with 2.00 m x 1.50 m on top and bottom side and 3.00 m depth meanwhile the 2:1 drain was vertical-sided also with 1.50 m depth and 300 m length. Oil palm production was recorded from the year 2012 up to 2014. Results indicated that the fractions both big hole profile (A profile) and no big hole profile (B profile) were dominated by sands ranged from 60% to 92% and the highest sands content of non-big hole soil profile were found in A and E horizons (92%). Better distribution of sand and clay fractions content in between layers of big hole soil profiles of A profile sample is more uniform compared to the B profile sample. The mechanical holing and material mixing of soil materials of A soil profile among the upper and lower horizons i.e. A, E, B and C horizons before planting that resulted a better distribution of both soil texture (sands and clay) and chemical properties such as acidity value (pH), C-organic, N, C/N ratio, CEC, P-available and Exchangeable Bases. Investigation showed that exchangeable cations (Ca, Mg, K), were very low in soil layers (A profile) and horizons (B profile) investigated. The low exchangeable cations due to highly leached of bases to the lower layers and horizons. Besides, the palm which was planted on the big hole system showed good adaptation and response positively by growing well of tertiary and quaternary roots that the roots were penetrable into deeper rooting zone as much as >1.00 m depth. The roots can grow well and penetrate much deeper in A profile compared to the undisturbed hardpan layer (B profile). The FFB (fresh fruit bunches) production of the non-big hole block was higher than the big hole block for the first three years of production. This might be due to the high variation of monthly rainfall in-between years of observation from 2009 to 2014. Therefore, the hardness of placic and ortstein as unpenetrable agents by roots and water to prevent water loss and retain the water in the rhizosphere especially in the drier weather. In the high rainfall condition, the 2:1 drain to prevent water saturation in the oil palm rhizosphere by moving some water into the drain. Meanwhile, the disturbed soil horizon (big hole area) was drier than un disturbance immediately due to water removal to deeper layers. We concluded that both big hole and 2:1 drain are a suitable technology for Spodosol soil land especially in preparing palms planting to minimize the negative effect of the hardpan layer for oil palm growth.


2013 ◽  
Author(s):  
Artchapong Hassametto ◽  
Preerawadee Chaiboontun ◽  
Chattraporn Prajuabwan ◽  
Laphatrada Khammuang ◽  
Aussadavut Dumrongsiri

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