Main Article Content

Abstract

This study aimed to analyze the factors that influence the exchange
rate of farmers in the primary food crop subsector in Jambi
Province. The scope of this study is the influence of rice and corn
production in Jambi Province, prices at the rice and corn farmer
levels, NPK fertilizer prices, and farm labor wages in Jambi
Province. This study uses secondary data from the Central
Statistics Agency and the Directorate General of Food Crops. Data
collection was carried out using literature and documentation
methods. Multiple regression analysis using ordinary least
squares (OLS) was used to test how strong the influence of the
independent variable (X) was on the dependent variable (Y). Still,
data processing was operated with Eviews or SPSS software.
Before testing using OLS, classical assumption tests such as
multicollinearity tests, normality tests, autocorrelation tests, and
heteroscedasticity tests were first carried out. The factors that
influence the exchange rate of farmers in the food crop subsector
in Jambi Province, namely prices at the rice farmer level, prices at
the corn farmer level, rice production, and corn production, have
a significant positive effect. The price of NPK fertilizer and farm
laborers' wages significantly negatively affect the farmer's
exchange rate. The price variables at the rice and corn farmer level
and rice and corn production have a significant positive effect on
the farmer's exchange rate in the food crop subsector in Jambi
Province. Increasing selling prices and production can improve
the Farmer's Exchange Rate in Jambi Province.

Article Details

How to Cite
Siadari, U., Fauzia, G., Ningsih, R., & Rahayu, V. I. (2024). ANALYSIS OF FACTORS INFLUENCING THE EXCHANGE RATE OF FARMERS IN THE MAIN FOOD CROP SUB-SECTORS IN JAMBI PROVINCE: English. Journal of Agri Socio Economics and Business, 6(02), 263–278. https://doi.org/10.31186/jaseb.6.2.263-278