InfoSAWIT, JAKARTA – Central Bureau of Statistic (CBS) reported that farmers’ exchange rate (FER) in August 2024 got increased 0,20 percent nationally to the previous month. FER, which is the indicator for the farmers’ buying capability in many villages, got 119,85. The increasing FER reflected the better welfare of the farmers in their agricultural product exchangeability to the goods and services consumed or used for production costs.

CBS thought, the increasing FER in August 2024 happened for the increasing price index received by the farmers, while price index paid by farmers got decreased 0,12 percent. This showed that the farmers’ income from their product selling got escalated while the spent for production and consumed got decreased and this improve their purchasing capability.

In the province level, Gorontalo got the highest increasing FER of other provinces. In North Sulawesi, FER got the biggest decreasing that reached 2,25 percent.

Besides FER, CBS noted the decreasing housing consumption index in August 2024 that reached 0,22 percent. It happened for the decreasing index in food, drink, and tobacco spent.

Agriculture housing business exchange in August 2024 reached 122,20 or got decreased 0,04 percent to the previous month nationally. This showed the balance between agricultural business income and the spent for production, reflected a little bit decreasing in agricultural business efficiency in the period.

In a whole, even though there were some indicators that showed the decreasing one, the increasing FER showed that the farmers in Indonesia still got increased their purchasing capability when the economy was still in fluctuation and in the market dynamic. (T2)