Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.]
The recent focus of agricultural planning is on sustainable development which is very pertinent to Malaysian rice industry. Therefore, this study intends to assess the long term economic sustainability of Malaysian rice farming (1972-2014), by reviewing the bottom line of prices and the purchasing p...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universiti Teknologi MARA, Negeri Sembilan
2018
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/29840/1/29840.pdf |
| _version_ | 1825737069951975424 |
|---|---|
| author | Mohd Nor, Khairun Nisaa' Arumugam, Nalini Ali, Adam Pahang, Josephine Tening |
| author_facet | Mohd Nor, Khairun Nisaa' Arumugam, Nalini Ali, Adam Pahang, Josephine Tening |
| author_sort | Mohd Nor, Khairun Nisaa' |
| collection | UITM |
| description | The recent focus of agricultural planning is on sustainable development which is very pertinent to Malaysian rice industry. Therefore, this study intends to assess the long term economic sustainability of Malaysian rice farming (1972-2014), by reviewing the bottom line of prices and the purchasing power of rice (PPR). Statistical information of time series data on farm harvest price of rice (PR), wholesale commodity price (WP) and rice production for 42
years period was obtained and compiled from the AGROSTAT system of the statistical division of the Food and Agriculture Organization (FAO), the United States Department of Agriculture (USDA), World Bank and the Department of Statistics, Malaysia. The data was analysed using Abdullah’s analysis of the impact of changes the value and purchasing power of money and wheat in real terms (2013, p.71). The outcome reveals that the PR follows the general price trend in commodities, even with increased productivity. Thus, the index value of PR in 2014 at 375% of 1972 prices and WP generally at 614%, then the PPR or ‘real rice’ was only 61% of what it was in 1972, and therefore had lost 39% of its purchasing power, signifying that rice was relatively low in price. |
| first_indexed | 2024-03-06T02:12:33Z |
| format | Article |
| id | uitm.eprints-9840 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T02:12:33Z |
| publishDate | 2018 |
| publisher | Universiti Teknologi MARA, Negeri Sembilan |
| record_format | dspace |
| spelling | uitm.eprints-98402020-04-14T04:25:58Z https://ir.uitm.edu.my/id/eprint/29840/ Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] joa Mohd Nor, Khairun Nisaa' Arumugam, Nalini Ali, Adam Pahang, Josephine Tening Price Agricultural economics Agricultural associations, societies, etc. The recent focus of agricultural planning is on sustainable development which is very pertinent to Malaysian rice industry. Therefore, this study intends to assess the long term economic sustainability of Malaysian rice farming (1972-2014), by reviewing the bottom line of prices and the purchasing power of rice (PPR). Statistical information of time series data on farm harvest price of rice (PR), wholesale commodity price (WP) and rice production for 42 years period was obtained and compiled from the AGROSTAT system of the statistical division of the Food and Agriculture Organization (FAO), the United States Department of Agriculture (USDA), World Bank and the Department of Statistics, Malaysia. The data was analysed using Abdullah’s analysis of the impact of changes the value and purchasing power of money and wheat in real terms (2013, p.71). The outcome reveals that the PR follows the general price trend in commodities, even with increased productivity. Thus, the index value of PR in 2014 at 375% of 1972 prices and WP generally at 614%, then the PPR or ‘real rice’ was only 61% of what it was in 1972, and therefore had lost 39% of its purchasing power, signifying that rice was relatively low in price. Universiti Teknologi MARA, Negeri Sembilan 2018 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/29840/1/29840.pdf Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.]. (2018) Journal of Academia <https://ir.uitm.edu.my/view/publication/Journal_of_Academia/>, 6 (1). pp. 105-111. ISSN 2289-6368 https://nsembilan.uitm.edu.my/joacns/ |
| spellingShingle | Price Agricultural economics Agricultural associations, societies, etc. Mohd Nor, Khairun Nisaa' Arumugam, Nalini Ali, Adam Pahang, Josephine Tening Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] |
| title | Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] |
| title_full | Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] |
| title_fullStr | Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] |
| title_full_unstemmed | Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] |
| title_short | Assessing Economic Sustainability of Malaysian Rice Farming (1972-2014) / Khairun Nisaa' Mohd Nor... [et al.] |
| title_sort | assessing economic sustainability of malaysian rice farming 1972 2014 khairun nisaa mohd nor et al |
| topic | Price Agricultural economics Agricultural associations, societies, etc. |
| url | https://ir.uitm.edu.my/id/eprint/29840/1/29840.pdf |
| work_keys_str_mv | AT mohdnorkhairunnisaa assessingeconomicsustainabilityofmalaysianricefarming19722014khairunnisaamohdnoretal AT arumugamnalini assessingeconomicsustainabilityofmalaysianricefarming19722014khairunnisaamohdnoretal AT aliadam assessingeconomicsustainabilityofmalaysianricefarming19722014khairunnisaamohdnoretal AT pahangjosephinetening assessingeconomicsustainabilityofmalaysianricefarming19722014khairunnisaamohdnoretal |