Farmers' Welfare Improves Again in October 2022

Agroindustry

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Viva Budy Kusnandar 02/11/2022 17:50 WIB

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According to BPS data, farmers' welfare has continuously improved over the past three months.

National Farmer Exchange Rate (January 2021 - October 2022)

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National Farmer Exchange Rate (January 2021 - October 2022)

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Farmers' welfare level increased again in October 2022. This is reflected in the Central Bureau of Statistics (BPS) report stating that the national farmer exchange rate (NTP) rose 0.42% (month-on-month/mom) to 107.27 in October 2022.

This increase in NTP is the third consecutive increase since August 2022.

The increase in NTP in October 2022 was driven by an increase in the index of prices received by farmers (it) by 0.29% (mom) to 122.18. Meanwhile, the index of prices paid by farmers (ib) decreased by 0.13% (mom) to 113.9.

Compared to the end of last year, the NTP in October 2022 increased by 2.51% (year-to-date/ytd). Compared to October 2021, the NTP increased by 0.56% (year-on-year/yoy).

However, BPS reported that the improvement in NTP only occurred for food crop and people's plantation farmers. On the other hand, horticulture, livestock, and fisheries farmers experienced a decline.

In detail, the food crop exchange rate (NTPT) increased by 1.07% (mom) to 100.41 in October 2022, and the people's plantation crop exchange rate (NTPR) increased by 1.7% (mom) to 123.52.

Meanwhile, the horticulture farmer exchange rate (NTPH) fell by 4.14% (mom) to 107.9, the livestock farmer exchange rate (NTPT) fell by 0.81% (mom) to 100.85, and the fisheries farmer exchange rate (NTNP) fell by 0.04% (mom) to 105.24.

Editor : Adi Ahdiat

"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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Farmers' Welfare Improves Again in October 2022

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