Judul: The Marine Condition of Teluk Bontang: Approach of fish Immunology and Histology
Abstrak: The temperature represent one of the impertant factor in the marine anvironment especially to the fishis as poichilothermic animal. Many things can be done to see environmental. Using method have been used indicate the Changes of environmental condition such as immunological dan histological parameters. But of these indicators are relevant enough to see the ecological changes. Teluk Bontang as the research site devided into four station and 30 white fish (Leognathus splenedens) were collected and processed using immunological parameters such as erytrocyts numbers, percentage of hematocryt, leucocryt, hemoglobin and amount of glucose. The fish were subjected to amount of histological processed to see the changes of gill tisue, liver as well kidney. The fishis showed some increase erytrocyts numbers, percentage of hematocryt, leucocryt, hemoglobin and amount of glucose. Some changes in histological condition were observed like hemorrhagic, hypertropy and necrosa. All indicators showed that some environmental condition were observed due to thermal influence.
Keyword: Immunological, Fish, Environmental conditiopn, Water pollution

Judul: Health Status of Eel (Anguilla sp.) from Natural and Temporary Rearing.
Abstrak: Eel (Anguilla sp.) has been become a high economic valuable fisheries resources which has decreasing stock for the last two decade. The dependence of aquaculture from natural catching of juvenile, because of unknown breeding technique, derived this organism into over fishing for juvenile which is migrate to upstream or the adult which is migrate to deep sea to breed. Influence of pollution and or pathogen infection has been supported the decrease of stock in nature. The health status of this organism, therefore used to analysed population structure and the change of individual and population in order to make some strategy to keep this resources ever last and to develop the best aquaculture technique. The health status are information comprised organism condition linked with immunity of pathogen infection, interaction with other microorganism and influence of nature condition. This information would be useful to know the fitness of organism in their natural live or in artificial nature such as aquaculture. This research has been held to compare the eel health status from natural and temporary rearing during ten days of rearing in fish collector before use to aquaculture. This information would be useful to develop some standard health status of juvenile eel and to create the best temporary rearing method in order to keep the quality of juvenile. Sample were taken from two main rivers in Cilacap Residence (Donan River and Serayu River) where the eel use it as migration route. Sample also taken from bendung gerak Serayu, an artificial dam, which is obstructing the migration of eel. The result shows that although no significant different in condition factor, the temporary rearing has increasing reddish node in the head, body, fins and tail of eel. There are four parasite founded in this research that are Nematode (Procamallanus sp. and Anguillicola sp.) which are infected internal organ of eel and Platyhelminthes (Dactylogyrus sp. and Deropristis sp.) which are infected the gills. Identification of Anguillicola sp. is the first record from Indonesian waters. The bacteria founded in this research are Aeromonas hydrophylla, Pseudomonas luteola, Vibrio fluvialis, Aeromonas sobria and Aeromonas caviae. The highly prevalence of infection coming from genus Aeromonas and has been influenced the haematological condition and histopathology of eel. Decreasing of haematocrit level from 38.27 ± 0.63 in sample from bendung gerak Serayu to 37.54 ± 0.45 (%) and total erythrocyte from 2.47±0.18 to 2.36±0.11 (x106 cell/ml) after ten days temporary rearing in Kebasen shows that this group of bacteria has a very high potent causing anaemia in eel. In the other hand, increasing of total erythrocyte, decreasing of lymphocyte percentage and increasing of monocyte and neutrophil percentage for all observed sample indicated that eel had been developing innate immunity to face of inappropriate condition in temporary rearing. The pathogen disruption has also been detected from histopatologycal disorder such as hyperplasia of gills, necrosis and inflammation of heart and necrosis and lesion of muscle. Infestation of parasite with their hooks and or infiltration bacteria with their virulent factor could damage the cell of eel organ. This disruption shows that temporary rearing has been becoming
Keyword: eel (Anguilla sp.), health status, temporary rearing

Judul: Manajemen Risiko Petani Kakao Menggunakan Opsi Amerika
Abstrak: Fluktuasi dan ketidakpastian harga yang dihadapi oleh petani kakao dapat menimbulkan kerugian atau minimnya keuntungan yang diperoleh petani. Sistem Resi Gudang (SRG) dapat memungkinkan petani menunda jual biji kakao dengan menyimpannya terlebih dahulu di gudang sampai jangka waktu tertentu. Selanjutnya, petani akan mendapatkan resi gudang sebagai dokumen bukti kepemilikan aset yang dapat dijadikan sebagai agunan. Optimalisasi manfaat dari penerapan SRG dapat ditingkatkan dengan mengintegrasikannya dengan opsi put tipe Amerika untuk meminimumkan risiko kerugian yang dialami oleh petani kakao. Opsi put tipe Amerika memungkinkan petani untuk menjual kakaonya kapan saja, yaitu sebelum atau pada saat waktu jatuh tempo. Nilai opsi dihitung menggunakan model binomial 12-langkah dengan asumsi harga kakao berubah setiap bulan untuk kontrak opsi put tipe Amerika berjangka satu tahun. Dari model ini didapatkan nilai opsi put tipe Amerika yang selanjutnya digunakan untuk menentukan seberapa besar keuntungan petani. Bentuk integrasi SRG dengan opsi put tipe Amerika memberikan kepastian bahwa kakao petani akan tetap terjual dan memperoleh keuntungan walaupun ada ketidakpastian harga.
Keyword: Model Binomial, opsi put tipe Amerika, resi gudang, Sistem Resi Gudang