Purchasing Power of Farmers in These 10 Provinces Fell Most Sharply in January 2022

Purchasing power of farmers in several provinces decreased in January 2022. The Central Bureau of Statistics (BPS) reported that the decline in West Sulawesi (Sulbar) was the most significant among other provinces.

The farmer exchange rate (NTP) in West Sulawesi (Sulbar) fell by 1.93% to 127.16 in January 2022 compared to 129.66 in December 2021. This was triggered by the index of prices received by farmers (it) in Sulbar decreasing by 0.88% in January 2022, while the index of prices paid by farmers (ib) increased by 1.07%.

Furthermore, the decline in the people's plantation farmer exchange rate (NTPR) in Sulbar by 3.27% and the horticultural farmer exchange rate (NTPH) by 2.01% resulted in the largest decrease in farmer welfare in the province in January of this year.

Other provinces that recorded the next largest decrease in NTP were Gorontalo, at 1.59% to 103.92; Riau, down 1.5% to 149.9; Central Kalimantan, down 1.08% to 129.66; and Bangka Belitung Islands, down 0.86% to 110.33.

Bengkulu also experienced a decrease, with NTP falling by 0.65% to 143. Following this were West Nusa Tenggara, down 0.4% to 106.44; North Sulawesi, down 0.31% to 110.17; Southeast Sulawesi, down 0.29% to 100.79; and Riau Islands, down 0.28% to 106.99.