West Java Farmer Exchange Rate in January 2024 is 113.97 or an increase of 0.10 percent

The West Java Farmer Exchange Rate (NTP) in January 2024 increased by 0.10 percent compared to December 2023. The NTP value reached 113.97, indicating better conditions for West Java farmers. Some important points: NTP January 2024: 113.97 Increase: 0.10 percent compared to December 2023 Indicator: Subsectors that experienced an increase: Food Crops (1.35%) Subsectors that experienced a decline: Livestock (0.18%), Horticulture (0.05%), Fisheries (0.10%) Supporting factors: Increase in prices of several agricultural commodities: Prices of grain, corn and soybeans have increased. Decrease in prices of several input commodities: Prices of urea and NPK fertilizers have decreased. Positive impact: Increased farmer income: Farmers earn greater profits from their crops. Increased purchasing power of farmers: Farmers have a higher ability to purchase the necessities of life. Increased farmer motivation to produce: Farmers are motivated to increase agricultural production. Even though NTP has increased, it should be noted that: This increase is still relatively small. There are still subsectors that are experiencing a decline in NTP. The price of grain is still below the Government Purchase Price (HPP). Efforts that need to be made: Government: Increase the HPP price of grain. Ensuring the smooth distribution of subsidized fertilizer. Building adequate agricultural infrastructure. Farmer: Increase production efficiency. Expanding market access. Keeping up with developments in agricultural technology. The increase in West Java's NTP in January 2024 is good news for farmers. It is hoped that with the various efforts made, NTP will continue to increase and the welfare of West Java farmers will be increasingly guaranteed.