Open AccessProduction risk, price and income analysis on shallot hatchery business (Allium cepa var. ascalonicum) (case: Medan Marelan District, Medan City)
Author(s) -
. Salmiah,
Thomson Sebayang,
Syafrida Hafni Sahir,
Nurul Nadhilah
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/454/1/012009
Subject(s) - production (economics) , price risk , yield (engineering) , agricultural science , hatchery , economic risk , agricultural economics , business , economics , finance , biology , materials science , fishery , fish <actinopterygii> , metallurgy , macroeconomics , futures contract , risk analysis (engineering)
This research aims to analyse the risk of production, price and income in the business of shallot hatchery in Medan Marelan district, Medan City. The study was carried out on 30 farmers who carried out hatchery cultivation in Medan Marelan district. The research method used to measure the risk of production, price and income uses variety, the standard deviation of the coefficient of variation (K V), and the lower limit of the highest yield. The results showed that the production risk was 0.23, price risk was 0.06 and income risk was 0.33. Production risk is caused by pests, diseases, and erratic weather. Price risk is caused by fluctuating prices. Income risk is caused by the amount of production, fluctuating prices, large farming costs and lack of market demand. The highest risk is income risk, followed by production risk and price risk.