Research Paper
Year: 2022 | Month: September | Volume: 9 | Issue: 9 | Pages: 203-208
DOI: https://doi.org/10.52403/ijrr.20220921
Financial Analysis of Fish Cage Cultivation of Nile Tilapia in Keranggan Village, Muaro Jambi Regency
Etik Winarni1, Ali Fahmi2, Yolanda Sari3, Mustika4, Alamsyah5
1,2,3,4,5Universitas Muhammadiyah Jambi, Indonesia
Corresponding Author: Etik Winarni
ABSTRACT
This study aims to figure out financial analysis of fish cage cultivation of nile tilapia in Keranggan Village, Muaro Jambi Regency. Data collection in this study is primary data by means of observation, namely filling out questionnaires and direct interviews with fish cage cultivation of nile tilapia in Keranggan Village, Muaro Jambi Regency. The location selection is deliberately carried out with the consideration that the object of this study were widely spread in Muaro Jambi Regency, especially in Keranggan Village, Sekernan District. The population in this study is nile tilapia farmers who are the owners for 25 business units of tilapia cage. The data studied in this study are taken from primary data. A cluster system is used to determine the sample in this study which is carried out in Keranggan Village, Sekernan District for fish farmers who have a total of 6 cages, with a sample of 25 respondents who were taken directly from all cage farmers who have cage with 6 ponds in the Karangan Village. The data are analyzed using the financial feasibility analysis of fish cage cultivation of nile tilapia using the calculation formula for net present value, internal rate of return, net benefit cost ratio, and payback period analysis. The results of the feasibility of fish cage cultivation of nile tilapia in Keranggan Village are currently financially feasible with a net present value of Rp2,097,227, internal rate of return 12.80%, net benefit/cost ratio Rp1,235, and payback period analysis obtained for 0.6695 years (6 months 24 days).
Keywords: Financial, Fish, Cage, Cultivation, Nile Tilapia
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