Assessing economic sustainability of Malaysian rice farming (1972-2014)

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...

Full description

Bibliographic Details
Main Authors:	Mohd Nor, K. N., Arumugum, Nalini, Abdullah, Adam, Tening Pahang, Josephine
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA (UiTM) 2018
Subjects:	HB Economic Theory HB221 Price HD1401 Agriculture
Online Access:	http://irep.iium.edu.my/64221/ http://irep.iium.edu.my/64221/ http://irep.iium.edu.my/64221/7/64221-Assessing%20economic%20sustainability%20of%20Malaysian%20rice%20farming.pdf

id	iium-64221
recordtype	eprints
spelling	iium-642212018-06-27T07:24:22Z http://irep.iium.edu.my/64221/ Assessing economic sustainability of Malaysian rice farming (1972-2014) Mohd Nor, K. N. Arumugum, Nalini Abdullah, Adam Tening Pahang, Josephine HB Economic Theory HB221 Price HD1401 Agriculture 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 (UiTM) 2018-05-19 Article PeerReviewed application/pdf en http://irep.iium.edu.my/64221/7/64221-Assessing%20economic%20sustainability%20of%20Malaysian%20rice%20farming.pdf Mohd Nor, K. N. and Arumugum, Nalini and Abdullah, Adam and Tening Pahang, Josephine (2018) Assessing economic sustainability of Malaysian rice farming (1972-2014). Journal of Academia, 6 (1). pp. 105-111. E-ISSN 2289-6368 https://nsembilan.uitm.edu.my/joacns/index.php/article/volume-6-issue-1
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory HB221 Price HD1401 Agriculture
spellingShingle	HB Economic Theory HB221 Price HD1401 Agriculture Mohd Nor, K. N. Arumugum, Nalini Abdullah, Adam Tening Pahang, Josephine Assessing economic sustainability of Malaysian rice farming (1972-2014)
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.
format	Article
author	Mohd Nor, K. N. Arumugum, Nalini Abdullah, Adam Tening Pahang, Josephine
author_facet	Mohd Nor, K. N. Arumugum, Nalini Abdullah, Adam Tening Pahang, Josephine
author_sort	Mohd Nor, K. N.
title	Assessing economic sustainability of Malaysian rice farming (1972-2014)
title_short	Assessing economic sustainability of Malaysian rice farming (1972-2014)
title_full	Assessing economic sustainability of Malaysian rice farming (1972-2014)
title_fullStr	Assessing economic sustainability of Malaysian rice farming (1972-2014)
title_full_unstemmed	Assessing economic sustainability of Malaysian rice farming (1972-2014)
title_sort	assessing economic sustainability of malaysian rice farming (1972-2014)
publisher	Universiti Teknologi MARA (UiTM)
publishDate	2018
url	http://irep.iium.edu.my/64221/ http://irep.iium.edu.my/64221/ http://irep.iium.edu.my/64221/7/64221-Assessing%20economic%20sustainability%20of%20Malaysian%20rice%20farming.pdf
first_indexed	2023-09-18T21:31:06Z
last_indexed	2023-09-18T21:31:06Z
_version_	1777412516116168704

Assessing economic sustainability of Malaysian rice farming (1972-2014)

Similar Items