Situational Analysis of Seaweed Warehouse Receipt System Scheme in Indonesia

  • Sutriono Edi School of Business - IPB University, Bogor 16128, West Java, Indonesia
  • Hermanto Siregar Department of Economics, Faculty of Economics and Management (FEM) , IPB University, Bogor, West Java, Indonesia
  • Lukman Mohammad Baga Department of Agribusiness, Faculty of Economics and Management (FEM) ,IPB University, Bogor, West Java, Indonesia
  • Arif Imam Suroso School of Business - IPB University Bogor, West Java, Indonesia
Keywords: financial institution, quality testing, Seaweed farmer, Warehouse Receipt System (WRS)

Abstract

Since the issuance of the Law on the Warehouse Receipt System (WRS) in 2009, the application of WRS has not been optimally successful. Several obstacles and constraints have been identified in the implementation of WRS in Indonesia. This research was conducted through a desk study and survey approach about analysis information of several constrains on the application of WRS for seaweed commodity. Constraints on the application of WRS for seaweed commodity became the focus of this study. The constraints faced by farmers are the lack of access to information about the seaweed WRS, financing constraints due to the financial attachment to middlemen, and the quality that does not meet Indonesian National Standard (SNI) of seaweed. While the constraints faced by the warehouse manager are the time to conduct quality testing and the time for disbursing funds from bank or non-bank financial institutions. Implementation of WRS can be increased by expanding WRS information and communication to seaweed farmers, financial institutions, local government, industry and traders. A business model of seaweed WRS scheme is needed that can integrate stakeholders.

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Published
2019-11-30
Section
Articles