Farmer Exchange Rate (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).
NTP is an indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchangeability (terms of trade) of agricultural products for goods and services consumed and for production costs.
The East Java Farmer Exchange Rate (NTP) in November 2023 rose 1.25 percent from 113.34 to 114.75. The increase in NTP was caused by the price index received by farmers (It) increasing by 1.76 percent, higher than the increase in the price index paid by farmers (Ib) of 0.51 percent.
In November 2023, two agricultural subsectors experienced an increase in NTP and three other subsectors experienced a decrease in NTP. The subsector that experienced the highest increase in NTP was the Horticulture subsector by 13.97 percent from 110.85 to 126.34, followed by the Community Plantation Crops subsector by 1.87 percent from 104.63 to 106.59. Meanwhile, the subsector that experienced the highest decline in NTP was the Fisheries subsector by 0.75 percent from 98.15 to 97.41, followed by the Food Crops subsector by 0.53 percent from 120.23 to 119.60, and the Livestock subsector by 0.29 percent. from 102.92 to 102.62.
Of the five provinces on the island of Java that carried out NTP calculations in November 2023, three provinces experienced an increase in NTP and 2 provinces experienced a decrease in NTP. The highest increase in NTP was in East Java Province at 1.25 percent, followed by West Java at 0.69 percent, Central Java at 0.57 percent. Meanwhile, the highest decline in NTP was in the Yogyakarta Special Region Province at 0.86 percent, followed by Banten Province at 0.26 percent.
