Risk Preference of Palm Sugar Craftsman in Lebak Regency, Banten
- DOI
- 10.2991/absr.k.210304.044How to use a DOI?
- Keywords
- palm sugar, business risk, risk preference, lebak regency
- Abstract
The growth of palm sugar production in Lebak Regency as the center of palm sugar in Banten Province continues to show a positive trend so that it is an important source of income for many households in Lebak Regency. The purpose of this study is to analyze the risk of palm sugar craftsman business which includes production risk and income risk. The research data used are primary and secondary data which are processed descriptively and quantitatively. Quantitative data is processed using variance analysis, deviation standard and coefficient of variation. The results showed the risk of production of the palm sugar business in Lebak Regency had a high coefficient of variation reaching 0.26086 or 26.09 percent, meaning that every single rupiah produced the risks faced were 0.26086 or 26.09%. the risk received by the brown sugar craftsmen in Lebak Regency is 0.4371 or reaches 43.71% of the income earned by farmers with a deviation standard of 62916.26. craftsmen need to be careful in running a brown sugar business so that the combination of the use of inputs can achieve maximum output and brown sugar businesses achieve efficiency because thus both production risk and revenue risk can be reduced so that the brown sugar business can produce high production and high income. Result of the research also showed that palm sugar craftsman tends to be risk averse.
- Copyright
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Andjar Astuti AU - Ratna Mega Sari AU - Suherman AU - Asih Mulyaningsih AU - Setiawan Sariyoga PY - 2021 DA - 2021/03/04 TI - Risk Preference of Palm Sugar Craftsman in Lebak Regency, Banten BT - Joint proceedings of the 2nd and the 3rd International Conference on Food Security Innovation (ICFSI 2018-2019) PB - Atlantis Press SP - 239 EP - 242 SN - 2468-5747 UR - https://doi.org/10.2991/absr.k.210304.044 DO - 10.2991/absr.k.210304.044 ID - Astuti2021 ER -