Profit and Feasibility Analysis of Tilapia Cultivation Business in Floating Net Cages, Barito Kuala Regency

Abstract

Cultivators also have problems, namely reduced profits each time they harvest compared to previous years. The aim of the study was to analyze the benefits and feasibility of cultivating tilapia in floating net cages in Barito Kuala Regency, South Kalimantan. This research was conducted in Marabahan District, City of Barito Kuala Regency, cultivating fish in floating net cages. The study used 2 respondents who were given floating net cage loan assistance from the government, but 1 respondent for feed and seeds came from their own funds. Tilapia aquaculture in floating net cages is said to be profitable if the revenue value is greater than the total expenditure. To analyze the feasibility of investing in floating net tilapia aquaculture in Barito Kuala district, calculations on investment criteria are used which include Net Present Value (NPV), Net Benefit Ratio (NBCR), and Internal Rate of Return (IRR). The results of the analysis of the calculation of profit (π) for tilapia cage business can be stated that the tilapia cage business of the two managers each generates profits in 3 (three) study periods, marked by the criteria TR > TC where the total business revenue is greater than the total costs incurred. issued for production. The results of the financial feasibility analysis of tilapia cage business from 2 (two) managers stated that they had met the business feasibility criteria in 3 (three) study periods. This can be seen from the Net Present Value which has a positive value and the Internal Rate of Return which is greater than the required interest rate.