Open AccessFinancial Feasibility Analysis of Gourami Farming in A Collaborated Business Association System
Author(s) -
B. Tresno Sumbodo,
Suharjiwanto,
Kadarso,
R Anggraeni,
Siti Rochmah Ika
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/662/1/012008
Subject(s) - business , fishery , agricultural science , overfishing , agriculture , fish farming , aquaculture , production (economics) , distribution (mathematics) , bargaining power , supply chain , agricultural economics , fish <actinopterygii> , economics , marketing , geography , environmental science , mathematical analysis , mathematics , macroeconomics , archaeology , biology , microeconomics
As catch fisheries have experienced overfishing symptoms, which resulted in a decrease in fish resources, the government must develop freshwater aquaculture. Sleman Regency has known for its growing freshwater aquaculture development, which supplies about 70% of the total fish production in Yogyakarta Special Province. Despite the rising demand for fish consumption, fish cultivators face problems in the capital, infrastructure, weak bargaining power, quality problems, and long distribution chains. One way to overcome these problems is to strengthen the bargaining position through the fish farmer groups. This study aims to analyze the financial feasibility of gourami farming, whose owners are members of business associations. In the business association, fish farmers agree to collaborate in running their business to cultivate gourami in a supply chain process ranging from production to marketing. The collaboration of fish farmers integrates four segments of the fish-raising chain system, consist of seedling handling from 0 to1.5 months old, raising fish from 1.5-to 3.5 months, from 3.5 to 6.5 months, and 6.5 to 12 months. Using a quantitative research method, this study analyzes 40 fish farmers in Seyegan, Sleman District of Yogyakarta. The financial feasibility analysis uses the net present value, benefit-cost ratio, internal rate of return, and break-even point. Results of these analyzes indicate that financially, the collaborative gourami farming in Seyegan District is feasible with an NPV of segment I is Rp 11,122,952.00, of segment II, is Rp 2,174,940.00, of segment III, is Rp 9,748,705.00. Of the segment, IV is Rp 18,691,435,86. The B/C Ratio for segment I is 1.87, segment II is 1.55, segment III is 2.13, and segment IV 2.05. The BEP value for segment I is Rp 1,709,228.00, for segment II is Rp 1,779,290.00, for segment III is Rp 852,100.00, and for segment IV is Rp 2,000,672.00.