ABSTRAKKakao merupakan salah satu komoditas yang memiliki kontribusi terbesar terhadap perekonomian Indonesia. Kakao memiliki potensi hilirisasasi yang sangat baik, dimana produk hilir kakao sangat beragam dan memiliki nilai ekonomis yang tinggi. Pemerintah menetapkan bubuk kakao dan lemak kakao sebagai produk hilir utama yang dihasilkan Indonesia. Perkembangan dapat dilihat pada perubahan jenis produk kakao yang diekspor. Ekspor biji kakao terus mengalami penurunan, sementara ekspor bubuk kakao dan lemak kakao terus mengalami peningkatan. Perkembangan pada industri juga dapat dilihat pada peningkatan impor biji kakao oleh Indonesia yang mengindikasikan peningkatan pada konsumsi biji kakao oleh industri hilir domestik. Penelitian ini dilakukan dengan tujuan menganalisis trend perubahan produksi biji kakao, konsumsi biji kakao oleh industri, dan produksi produk hilir dengan menggunakan analisis trend dan grafik, serta mengidentifikasi faktor-faktor yang mempengaruhi permintaan industri hilir domestik terhadap biji kakao menggunakan analisis regresi linier berganda metode Ordinary Least Square (OLS) dengan bantuan software SPSS versi 25. Hasil penelitian menunjukkan bahwa produksi dan volume ekspor biji kakao mengalami penurunan, sementara produksi produk hilir dan konsumsi biji kakao oleh industri meningkat. Faktor-faktor yang mempengaruhi permintaan industri hilir terhadap biji kakao secara signifikan adalah harga biji kakao, harga lemak kakao, harga bubuk kakao, dan produksi bubuk kakao.Kata Kunci: Bubuk Kakao, Lemak Kakao, Trend Perubahan, Permintaan Industri, Ordinary Least SquareABSTRACTCocoa has one of the highest contribution towards Indonesian economy among other agricultural commodities. Cocoa has huge potential in the downstream sector, reflected by the many variations of cocoa-based products with high economic value. Government of Indonesia declared cocoa powder and cocoa butter as the main product of downstream cocoa industry. Development of the cocoa industry downstream sector is indicated in the shift of cocoa based-products exported to various countries around the world, from raw cocoa seeds to cocoa powder and cocoa butter. Increase in Indonesian import of cocoa beans shows that there is an increase in the industry’s consumption of raw cocoa beans. The purpose of this research is to analyze the trend and dynamics of Indonesia’s cocoa bean production, cocoa bean export, downstream sector’s production, and downstream sector’s cocoa bean consumption, and to identify factors that affect downstream cocoa industry’s demand of cocoa beans using Ordinary Least Squares regression analysis. The result of this research shows that Indonesia’s cocoa bean export and production is trending downward, while downstream production and consumption shows a positive developing trend. Factors that affect the cocoa downstream industry’s demand are prices of cocoa bean, cocoa butter, cocoa powder, and the amount of cocoa powder produced by the industry.Keywords: Cocoa Powder, Cocoa Butter, Trend, Dowsntream Industry’s Demand, Ordinary Least Square

Indonesia has various tourist attractions. Agro-tourism is one of the potential tourism. Orchid Forest is an agro-tourism object that combines pine forest areas with orchid cultivation. Tourist attractions that utilize the potential of natural resources have an unknown economic value. This research aims to know the economic value of Orchid Forest and what factors influence the frequency of visits. This research used an individual travel cost method (ITCM) to estimate the economic value of Orchid Forest. The results indicate factors that significantly influence the frequency of visits are respondents' age and residence distance. The value of consumer surplus is Rp 102,000 and the economic value of Orchid Forest in 2019 was Rp 70,365,618,000. This value will give a new perspective for public authorities for the protection and further development of tourist attractions in the future.

Palm oil is one of the most widely produced plantation commodities in the world. World demand for palm oil is also increasing due to the increasing demand for products that use palm oil. This increase ultimately results in the development of the palm oil processing industry which causes the increasing volume of waste produced. Palm oil waste can be utilized and treated as bioenergy so as to add economic value to the waste. The purpose of this paper is to determine the benefits of palm oil waste as bioenergy. The results show that palm oil waste such as shells, empty fruit bunches of palm, fibers, leaves, midribs and Palm Oil Mill Effluent (POME) have several potential contents to be utilized as bioenergy such as biogas, biodiesel, biobriquette, electricity generator, and activated charcoal. Apart from that as bioenergy, palm oil waste can be used as an antioxidant, animal feed, fertilizer and concrete additives.

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Perkebunan kelapa sawit dengan komoditas utama minyak sawit atau Crude Palm Oil (CPO) merupakan sektor strategis dalam perekonomian Indonesia dengan memberikan kontribusi di tahun 2017 senilai USD 18,28 milyar atau 9,6 % terhadap ekspor nasional. Meski demikian sepanjang tahun 2010 sampai dengan tahun 2018 harga CPO dalam trend menurun. Penurunan harga CPO ini sejalan dengan penurunan harga saham perkebunan kelapa sawit di Bursa Efek Indonesia. PT London Sumatra Indonesia Tbk merupakan salah satu perusahaan perkebunan kelapa sawit yang harga sahamnya mengalami penurunan. Oleh karena itu investor yang akan berinvestasi di sektor perkebunan melalui bursa efek perlu melakukan penilaian dalam pengambilan keputusan investasi. Penelitian ini bertujuan mengidentifikasi faktor-faktor yang memengaruhi harga saham PT London Sumatra Indonesia Tbk. Hasil penelitian dengan menggunakan alat analisis regresi linier berganda didapat faktor-faktor yang memengaruhi harga saham PT London Sumatra Indonesia Tbk adalah harga CPO, harga saham market leader, kurs rupiah, Return On Equity dan Earning Per Share.Kata Kunci: Harga saham, Harga CPO, Saham market leader, Return On Equity, Earning Per ShareABSTRACTOil palm plantations with the main commodity palm oil or Crude Palm Oil (CPO) are a strategic sector in the Indonesian economy by contributing in 2017 valued at USD 18.28 billion or 9.6% of national exports. However, throughout 2010 up to 2018 CPO prices were in a downward trend. The decline in CPO prices is in line with the decline in the prices of oil palm plantations on the Indonesia Stock Exchange. PT London Sumatra Indonesia Tbk is a palm oil plantation company whose share price has decreased. Therefore investors who will invest in the plantation sector through the stock exchange need to make an assessment in making investment decisions. This study aims to identify the factors that influence the stock prices of PT London Sumatra Indonesia Tbk. The results of the study using multiple linear regression analysis tools obtained factors that influence the price of PT London Sumatra Indonesia Tbk stock prices are CPO prices, market leader stock prices, rupiah exchange rates, Return On Equity and Earning Per Share.Keywords: Stock price, CPO price, Market leader stock, Return On Equity, Earning Per Share