BIAYA TRANSAKSI PADA PEMBIAYAAN USAHATANI KEDELAI DI KABUPATEN LAMONGAN, JAWA TIMUR

Abstract

Farmer’s participation in both formal and informal financial institution drives transaction cost which influence their profit. Ubiquitous is the characteristic that embeded in transaction cost which make it hardly to identify. The objective of this research was to analyze the cost structure in soya farmers. Transaction Cost Analysis was the method that used in this research and here, we would analyze deeply about components and amountof transaction cost. 120 farmers in Lamongan, Jawa Timur were interviewed to derive the data. We revealed that transcation costare included: (1) information cost; (2) negotiation cost; (3) coordination cost and (4) enforcement cost. In average, both formal and informal farmers’s loan wasRp517.052,63 and trancastion cost was Rp 38.622,50. It can be said that Rp 7.496,74 should be paid as transaction cost every Rp 100.000 loan. To get finance from formal institution, farmers should pay Rp 9.407,60 as transaction cost. That is cheaper compare that non formal institution which the transaction cost was Rp 12.531,25. For both formal and non formal finance institution, transaction cost consist of 44,84% information cost, 10,64% negotiation cost, 15,99% coordination cost and 28,54% enforcement cost. For formal finance institution itself, transaction cost consist of 44,24% information cost, 9,94% negotiation cost, 16,29% coordination cost and 29,53% enforcement cost. Further, for non formal finance institution, transaction cost consist of 54,78% information cost, 23,94% negotiation cost, 16,96% coordination cost and 4,32% enforcement cost. Information cost was the highest cost for both formal and non formal finance institution.