Welfare of Indonesian Smallholder Plantation Farmers Reaches Highest Level in October 2024

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Viva Budy Kusnandar 06/11/2024 12:51 WIB

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Farmers' terms of trade generally increased by 2.5% (year-to-date) in the first ten months of this year. The terms of trade for smallholder plantation farmers saw the highest increase, reaching 17.18

Percentage Change in Farmer's Exchange Rate (NTP) (December 2023-October 2024)

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Welfare of Indonesian Smallholder Plantation Farmers Reaches Highest Level in October 2024

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Percentage Change in Farmer's Exchange Rate (NTP) (December 2023-October 2024)

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The Central Statistics Agency (BPS) released the farmer exchange rate (NTP), reflecting the farmers' welfare level, at 120.70 in October 2024.

Data compiled by *Databoks* shows that this figure increased by 2.5% from its position in December 2023 (year to date/ytd). Thus, the overall or combined welfare level of farmers increased by 2.5% in the first ten months of this year.

Broken down by sub-sector, the welfare level of plantation farmers (NTPR) increased the most, namely 17.18% (ytd) to 156.32 in October 2024.

Similarly, the farmer exchange rate for livestock farming (NTPT) increased by 1.36% (ytd) to 102.23 in October 2024. The value in December 2023 was 100.86.

Meanwhile, the welfare level of horticultural farmers (NTPH) fell the most sharply this year, declining 11.66% (ytd) to 108.57 in October 2024 from 122.9 in December 2023.

The farmer exchange rate for food crops (NTPP) also fell by 2.96% (ytd) to 110.86 in October 2024 from 114.24 in December 2023.

Similarly, the exchange rate for fishermen and fish farmers (NTNP) fell by 0.7% (ytd) to 102.34 in October 2024 from 103.06 in December 2023.

Note that the NTP (2018) was 100.

(See also: Welfare of Food Crop Farmers Decreased in October 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Welfare of Indonesian Smallholder Plantation Farmers Reaches Highest Level in October 2024

Welfare of Indonesian Smallholder Plantation Farmers Reaches Highest Level in October 2024

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Welfare of Indonesian Smallholder Plantation Farmers Reaches Highest Level in October 2024

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