Financial feasibility analysis of seaweed cultivation (Eucheuma Denticulatum) Using the Longnet Method (a Case Study in Lakeba Coast Betoambari District Baubau City)

Authors

DOI:

https://doi.org/10.33772/jsepi.v6i4.187

Keywords:

Financial Feasibility, Longnet Method, Seaweed, Financial Feasibility, Longnet Method, Seaweed

Abstract

Eucheuma denticulatum is one of seaweed spesies that has been cultivated by some coastal communities in SE-Sulawesi using several methods.  Longnet is considered an innovative method but the culture feasibility isstill unkonown.  The objective of this research was to determine the financial feasibility of cultivating seaweed (E. denticulatum) using the Longnet method at Lakeba Beach, Betoambari District, Baubau City. This study was conducted using a case study method on one farmer who cultivating seaweed using longnet. Data obtained through interviews using a questionnaire, observation and documentation. Data were analyzed descriptively quantitatively based on the criteria of Net Present Value (NPV), R / C (Revenue / Cost) ratio, Payback Period (PBP), and Internal Rate of Return (IRR). The results of the feasibility analysis are indicated by an interest rate of 12.5%, with a positive NPV value of 487,690,580; R / C Ratio> 1 (1.06); PBP for 3.62 years; IRR value 41%. Based on the feasibility results, it shows that the seaweed cultivation business using the longnet method on Lakeba Beach, Betoambari District, Baubau City was financially profitable and feasible to be further developer

Author Biographies

Wa Ode Hariyanti, Halu oleo University

Department of Fisheries Agribusiness, Faculty of Fisheries and Marine Sciences, Halu Oleo University, Kendari, Indonesia

Ma'ruf Kasim, Universitas Halu Oleo

Department of Aquaculture, Faculty of Fisheries and Marine Sciences, Halu Oleo University, Kendari, Indonesia

Nurdiana A, Halu oleo University

Department of Fisheries Agribusiness, Faculty of Fisheries and Marine Sciences, Halu Oleo University, Kendari, Indonesia            

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Published

2021-11-01

How to Cite

Hariyanti, W. O., Kasim, M., & A, N. (2021). Financial feasibility analysis of seaweed cultivation (Eucheuma Denticulatum) Using the Longnet Method (a Case Study in Lakeba Coast Betoambari District Baubau City) . Jurnal Sosial Ekonomi Perikanan, 6(4), 197–205. https://doi.org/10.33772/jsepi.v6i4.187