Abstract
Since early 2019, global palm oil price keeps on decreasing. Such condition makes it challenging to apply sustainable agriculture in Indonesia, especially in the palm oil sector. This paper will examine two research questions: first, the comparison between Chapter 12 USBC and Indonesian bankruptcy law, especially in protecting the palm oil farmer. Second, how the Indonesian bankruptcy law ought to preserve the unfortunate palm oil farmers in the future. The research methodology applied in this paper is normative legal research. Chapter 12 USBC has provided sufficient protection for the unfortunate farmer debtors. Indonesian bankruptcy law does not recognize a specific type of debtor, especially farmer debtors. It will be challenging to handle the unfortunate Indonesian palm oil farmer with current bankruptcy law. This research shows that Indonesian bankruptcy law doesn’t provide sufficient protection for the palm oil farmers. It’s recommended that the Indonesian government amends the bankruptcy law. Therefore, the farmers will be able to fulfil their role as one of the actors who apply sustainable agriculture in the palm oil sector.
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