The Linkage of Salt Farmer’s Financial Literacy with Salt’s Productivity, Capital, Price and Market Access

Fatihudin, Didin and Wikanta, Wiwi and Mauliddah, Nurullaili and Iis, Holisin (2022) The Linkage of Salt Farmer’s Financial Literacy with Salt’s Productivity, Capital, Price and Market Access. MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS DAN KEWIRAUSAHAAN, 16 (1). pp. 141-150. ISSN 2302-8890

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Abstract

ABSTRACT The study analyzes the relationship between financial literacy of salt farmers and people's salt production with land, volume, sources of capital, and market access. Financial literacy is; the ability of farmers to understand the types of financial products/services from the financial industry and the ability to use them. The production of the people's salt business (Kugar) has an important contribution to Indonesia's salt production. The quantities of people's salt have not been able to meet domestic demand, especially industrial salt. That's what drives the import of salt. The research object is 7 locations in Cirebon Regency, West Java. This area was chosen because it represents the highest salt product in West Java. Data were taken using descriptive, expalanatory, and purposive sampling techniques as well as interviews with the Department of Marine Affairs and Fisheries, the Central Bureau of Statistics, Kugar, and the Ministry of Industry and Trade. The results showed that the financial literacy of farmers was very low, so productivity was also low. Production costs are loaned by collectors from Rp. 500,000 to Rp. 1,000,000 with a profit sharing system. The selling price of salt from farmers to collectors is below the market price between Rp. 250/kg, Rp. 300/kg, the highest is Rp. 500/kg. The price of salt from collectors to industry is Rp. 1,200/kg, Rp. 1,500/kg to Rp. 2,000/kg. Prices, market access and capital, salt farmers depend on collectors. The profit from salt is sufficient for the cost of living. Asset deposits are limitedto jewelry, cows, motorcycles. 74% of workers do not have financial service products. Only know about cooperatives and loans to collectors. Keyword: financial literacy, production, salt prices, capital, market access.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Jurnal > Fakultas Ekonomi dan Bisnis
Depositing User:	DIDIN FATIHUDIN FATIHUDIN
Date Deposited:	31 May 2022 08:55
Last Modified:	31 May 2022 08:55
URI:	http://repository.um-surabaya.ac.id/id/eprint/6210

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