Financial Feasibility and Competitiveness Levels of Soybean Varieties in Rice-Based Cropping System of Indonesia

Abstract

This research was conducted to determine the financial feasibility of growing soybean varieties and their competitiveness in the rice-based cropping system of Indonesia. The research was conducted at two locations in 2020. The results showed that the use of improved varieties of soybean yielded 2.24 t/ha and 2.09 t/ha, which was higher than using local (non-improved) varieties. The use of improved varieties was financially feasible with Revenue Cost (R/C) ratios of 1.88–1.98 and Benefit Cost (B/C) ratios of 0.88–0.98. The competitiveness of soybeans in Mojokerto and Pasuruan was lower compared to maize and mungbean. Soybean could compete with competing crops if the productivity and price were higher than the current conditions. To be able to compete with maize, the soybean productivity should be 5.14–5.22 t/ha if the current soybean price per kg is IDR 7200 (about US $ 0.51). To compete with mungbean, the soybean productivity should reach 3.05 t/ha with the current price per kg of IDR 7200 (about US $ 0.51). When measured by the price level, to be able to compete with maize, the soybean selling price per kg should be IDR 14,428–IDR 14,893 (about USD 1.06) with a productivity level of 2.24 t/ha.

The feasibility of large-seeded soybean cultivation

“…The Indonesian Agency for Agricultural Research and Development (IAARD) noted that to increase national soybean production, the role of improved varieties cannot be separated. Improved varieties have a strategic role as a means of carrying new technologies' advantages, including: (1) high yield, (2) resistance to pests and diseases to support cropping system and integrated pest control, (3) early maturity age to increase cropping index, and (4) superior yield which meets the users' demands and needs [13,14] Therefore, in order to increase national soybean production, it is necessary to provide adequate seeds of improved soybean varieties, comprehensively design of soybean productivity improvement program, and focused on potential lands which can increase soybean productivity more than the average national production.…”

Egg Market Integration and Financial Feasibility Laying Hens Farmer in Central Java, Indonesia

“……………… (Krisdiana et al, 2021) Where Ft is the monthly farm price at time t & Wt is the monthly wholesale price at time t & Rt is the monthly retail price at time t, θ is the intercept, s a i are the coefficients on the lagged values of farm and wholesale prices, s i  are the coefficients on the lagged values of wholesale and retail prices, i is the lag length used for retail prices, and t  is the error or disturbance term at time t.…”

The Use of a Time-Changing Magnetic Field to Increase Soybean (Glycine max) Growth and Productivity

“…In 2017, global soybean cultivation required 131 million hectares of land [7]. Meanwhile, one of the causes of the shortage of soybean products in Indonesia is the reluctance of farmers to plant because the production is low, making it economically unprofitable [8]. So that soybean cultivation has a higher economic value, efforts are needed to increase productivity without increasing the land area and maintenance costs.…”