JAKARTA - Minister of Finance Purbaya Yudhi Sadewa emphasized that the Red and White Village/Neighborhood Cooperative or KDKMP is not automatically the buyer of all agricultural products. Farmers can still sell their products to the party offering the best price.
"If the farmer, the farmer likes it. It depends on who offers a good price," said Purbaya at the Presidential Palace Complex, Jakarta, Wednesday, July 15.
The statement was made when Purbaya was asked whether KDKMP would be the buyer or off-taker of all farmer's produce.
According to Purbaya, the direction he heard in the meeting was actually related to the distribution of consumer goods through the KDKMP. However, he did not explain the type of goods or the scope of the policy.
"What I just heard, for consumer goods through KDKMP everything," he said.
Regarding capital, Purbaya said cooperatives could obtain financing from banks. Some of the loan facilities are said to have not been used and can be used for additional operational needs.
However, he emphasized that the management of capital and operations of cooperatives was not directly under his authority.
"Mereka yang mengatur. Saya enggak mengerti," katanya.
Purbaya explained the role of the Ministry of Finance in relation to the payment of installments of KDKMP loans to state-owned banks or Himbara. The installments run for six years.
According to Purbaya, the government's fiscal risk is limited because about two-thirds of the installment payments come from village funds.
"It is my obligation to pay installments of KDKMP loans to Himbara banks. Six years in installments. My risk is very limited because part of it is paid in installments from village funds, two-thirds," he said.
He also distinguished KDKMP financing from the transfer of SAL to the Himbara bank. The funds placed in the bank, said Purbaya, are intended to ensure that money circulates within the economic system.
The transfer is referred to as cash management and does not require the approval of the DPR because the funds are not used as spending.
With this scheme, KDKMP obtains financing access from banks. However, cooperatives are not required to absorb all the results of farmers, while the choice of sale remains in the hands of producers.
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