Projection of shadow price of beef cattle in the Bali beef fattening industry
Any changes in supply and demand result in the imperfect development of a market mechanism, so a disequilibrium price occurs. Price changes, sometimes, do not reflect the prevailing price, issued by an agricultural business. Therefore, this research aims to project the shadow price of beef cattle (o...
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Indonesian Institute for Counseling, Education and Therapy (IICET)
2023-09-01
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| Series: | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
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| Online Access: | https://jurnal.iicet.org/index.php/jppi/article/view/2008 |
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| author | Sintya J.K Umboh Sasongko Wijoseno Rusdianto Erwin Wantasen |
| author_facet | Sintya J.K Umboh Sasongko Wijoseno Rusdianto Erwin Wantasen |
| author_sort | Sintya J.K Umboh |
| collection | DOAJ |
| description | Any changes in supply and demand result in the imperfect development of a market mechanism, so a disequilibrium price occurs. Price changes, sometimes, do not reflect the prevailing price, issued by an agricultural business. Therefore, this research aims to project the shadow price of beef cattle (output) in the Bali beef fattening industry, utilizing cost production theory. Technically, the comparison of the total of the shadow prices of beef cattle employed two methods, such as a total of revenue and total cost. The research was conducted in the Regency of Lombok Tengah from July to September 2020. Then, the site and group of farmers were determined by purposive sampling. The criteria of samples were farmers performing the Bali beef fattening industry with an intensive raising system, utilizing cross-section data collected via interview and questionnaire. In conclusion, it is found that the shadow price of beef cattle was higher than the market price. It caused non-responsive market price changes unless a great change occurred. The shadow price was established by a greater marginal cost than marginal revenue. |
| format | Article |
| id | doaj-art-a7a835d84e38487a84baee91f6beb801 |
| institution | Kabale University |
| issn | 2477-8524 2502-8103 |
| language | English |
| publishDate | 2023-09-01 |
| publisher | Indonesian Institute for Counseling, Education and Therapy (IICET) |
| record_format | Article |
| series | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| spelling | doaj-art-a7a835d84e38487a84baee91f6beb8012025-01-27T12:24:49ZengIndonesian Institute for Counseling, Education and Therapy (IICET)JPPI (Jurnal Penelitian Pendidikan Indonesia)2477-85242502-81032023-09-01931253125910.29210/0202320081423Projection of shadow price of beef cattle in the Bali beef fattening industrySintya J.K Umboh0Sasongko Wijoseno Rusdianto1Erwin Wantasen2Sam Ratulangi UniversityInstitute for Agricultural Technology of NTBSam Ratulangi UniversityAny changes in supply and demand result in the imperfect development of a market mechanism, so a disequilibrium price occurs. Price changes, sometimes, do not reflect the prevailing price, issued by an agricultural business. Therefore, this research aims to project the shadow price of beef cattle (output) in the Bali beef fattening industry, utilizing cost production theory. Technically, the comparison of the total of the shadow prices of beef cattle employed two methods, such as a total of revenue and total cost. The research was conducted in the Regency of Lombok Tengah from July to September 2020. Then, the site and group of farmers were determined by purposive sampling. The criteria of samples were farmers performing the Bali beef fattening industry with an intensive raising system, utilizing cross-section data collected via interview and questionnaire. In conclusion, it is found that the shadow price of beef cattle was higher than the market price. It caused non-responsive market price changes unless a great change occurred. The shadow price was established by a greater marginal cost than marginal revenue.https://jurnal.iicet.org/index.php/jppi/article/view/2008shadow pricebeef cattlefattening industry |
| spellingShingle | Sintya J.K Umboh Sasongko Wijoseno Rusdianto Erwin Wantasen Projection of shadow price of beef cattle in the Bali beef fattening industry JPPI (Jurnal Penelitian Pendidikan Indonesia) shadow price beef cattle fattening industry |
| title | Projection of shadow price of beef cattle in the Bali beef fattening industry |
| title_full | Projection of shadow price of beef cattle in the Bali beef fattening industry |
| title_fullStr | Projection of shadow price of beef cattle in the Bali beef fattening industry |
| title_full_unstemmed | Projection of shadow price of beef cattle in the Bali beef fattening industry |
| title_short | Projection of shadow price of beef cattle in the Bali beef fattening industry |
| title_sort | projection of shadow price of beef cattle in the bali beef fattening industry |
| topic | shadow price beef cattle fattening industry |
| url | https://jurnal.iicet.org/index.php/jppi/article/view/2008 |
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