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

Fatihudin, Didin and Musriha, Musriha and Wikanta, Wiwi and Fauzi, Hammadi and Maulidiah, Nurul and Holisin, Iis and Firmansyah, M. A. and Luqyana, Ikbar and Kartika, N. Evi (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 p-ISSN 1978-2853, e-ISSN 2302-8890

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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 andTrade. 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 limited to jewelry, cows, motorcycles. 74% of workers do not have financial service products. Only know about cooperatives and loans to collectors.

Item Type:	Article
Additional Information:	Matrik: Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan (p-ISSN 1978-2853, e-ISSN 2302-8890) Journal Room, BJ Building 3rd Floor, Faculty of Economics and Business, Udayana University Managed by Udayana University Jln. P. B. Sudirman Denpasar, Bali, Indonesia termasuk Sinta 2
Uncontrolled Keywords:	financial literacy, production, salt prices, capital, market access
Divisions:	Faculty of Economic & Business
Depositing User:	Perpus Ubhara Surabaya
Date Deposited:	04 Jan 2023 04:07
Last Modified:	04 Jan 2023 04:07
URI:	http://eprints.ubhara.ac.id/id/eprint/1601

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