Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming
The dynamic of the current global food situation is raising concerns about a potential food crisis in the future. This implies that food production must increase. However, in practice, the availability of agricultural land is increasingly limited. Soybean, as a food commodity, is not exempt from thi...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-03-01
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| Series: | Journal of Agriculture and Food Research |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666154325000407 |
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| author | Fachrur Rozi Herman Subagio Dian Adi Anggraeni Elisabeth Lyli Mufidah Moh Saeri Supriyadi Rusli Burhansyah Juliana Carolina Kilmanun Ruly Krisdiana Zainuri Hanif Ernany Dwi Astuty Rumanintya Lisaria Putri |
| author_facet | Fachrur Rozi Herman Subagio Dian Adi Anggraeni Elisabeth Lyli Mufidah Moh Saeri Supriyadi Rusli Burhansyah Juliana Carolina Kilmanun Ruly Krisdiana Zainuri Hanif Ernany Dwi Astuty Rumanintya Lisaria Putri |
| author_sort | Fachrur Rozi |
| collection | DOAJ |
| description | The dynamic of the current global food situation is raising concerns about a potential food crisis in the future. This implies that food production must increase. However, in practice, the availability of agricultural land is increasingly limited. Soybean, as a food commodity, is not exempt from this issue. This paper explores the microeconomic and macroeconomic aspects of soybean farming in preparing future global food. The study of microeconomic aspects of farming includes soybean farmers' behaviour using principal component analysis (PCA) approach. Meanwhile, the macroeconomic aspects are analyzed using structural equation modelling (SEM) with Smart PLS software. The research findings identified four key variables with a high level of urgency, as indicated by the PCA factor loadings on the microeconomic aspect of farmers' behaviour in addressing the volatility of the soybean food supply. These variables are market formation, food security guarantees, productivity enhancement, and pricing. Based on bootstrapping and path coefficient of inflation in the PLS-SEM analysis for soybean commodities, the impact of inflation was found to significantly affect farmers' income and the demand for soybeans on the macroeconomic side. Indirectly, inflation also impacts exchange rates and soybean prices through income variables. Additionally, inflation indirectly affects soybean prices, population size, and consumption levels through the demand variable. Therefore, the volatility caused by inflation in the soybean commodity market can be mitigated by ensuring a stable domestic soybean supply or reducing imports. |
| format | Article |
| id | doaj-art-53d4336c3a0544cfabbc6de0825c31c0 |
| institution | Kabale University |
| issn | 2666-1543 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Agriculture and Food Research |
| spelling | doaj-art-53d4336c3a0544cfabbc6de0825c31c02025-02-06T05:12:48ZengElsevierJournal of Agriculture and Food Research2666-15432025-03-0119101669Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farmingFachrur Rozi0Herman Subagio1Dian Adi Anggraeni Elisabeth2Lyli Mufidah3Moh Saeri4 Supriyadi5Rusli Burhansyah6Juliana Carolina Kilmanun7Ruly Krisdiana8Zainuri Hanif9Ernany Dwi Astuty10Rumanintya Lisaria Putri11Research Centre for Macroeconomics and Finance, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Centre for Macroeconomics and Finance, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, Indonesia; Corresponding author.Research Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Behavioral and Circular Economics, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Social Welfare, Village and Connectivity, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaResearch Center for Social Welfare, Village and Connectivity, Research Organization for Governance, Economy, and Community Welfare, National Research and Innovation Agency (BRIN), Sarwono Prawirohardjo Science Center, Jl. Gatot Subroto 10, Jakarta, 12710, IndonesiaThe dynamic of the current global food situation is raising concerns about a potential food crisis in the future. This implies that food production must increase. However, in practice, the availability of agricultural land is increasingly limited. Soybean, as a food commodity, is not exempt from this issue. This paper explores the microeconomic and macroeconomic aspects of soybean farming in preparing future global food. The study of microeconomic aspects of farming includes soybean farmers' behaviour using principal component analysis (PCA) approach. Meanwhile, the macroeconomic aspects are analyzed using structural equation modelling (SEM) with Smart PLS software. The research findings identified four key variables with a high level of urgency, as indicated by the PCA factor loadings on the microeconomic aspect of farmers' behaviour in addressing the volatility of the soybean food supply. These variables are market formation, food security guarantees, productivity enhancement, and pricing. Based on bootstrapping and path coefficient of inflation in the PLS-SEM analysis for soybean commodities, the impact of inflation was found to significantly affect farmers' income and the demand for soybeans on the macroeconomic side. Indirectly, inflation also impacts exchange rates and soybean prices through income variables. Additionally, inflation indirectly affects soybean prices, population size, and consumption levels through the demand variable. Therefore, the volatility caused by inflation in the soybean commodity market can be mitigated by ensuring a stable domestic soybean supply or reducing imports.http://www.sciencedirect.com/science/article/pii/S2666154325000407Indonesian foodstuffsSoybean farmingFood crisisEconomic |
| spellingShingle | Fachrur Rozi Herman Subagio Dian Adi Anggraeni Elisabeth Lyli Mufidah Moh Saeri Supriyadi Rusli Burhansyah Juliana Carolina Kilmanun Ruly Krisdiana Zainuri Hanif Ernany Dwi Astuty Rumanintya Lisaria Putri Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming Journal of Agriculture and Food Research Indonesian foodstuffs Soybean farming Food crisis Economic |
| title | Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming |
| title_full | Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming |
| title_fullStr | Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming |
| title_full_unstemmed | Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming |
| title_short | Indonesian foodstuffs in facing global food crisis: Economic aspects of soybean farming |
| title_sort | indonesian foodstuffs in facing global food crisis economic aspects of soybean farming |
| topic | Indonesian foodstuffs Soybean farming Food crisis Economic |
| url | http://www.sciencedirect.com/science/article/pii/S2666154325000407 |
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