Financial Feasibility of Layers Farming Business
Article Sidebar
Published
Mar 20, 2024
Main Article Content
Abstract
Egg prices exhibit high volatility over short time intervals, which is not
surprising given their affordability and popularity as a primary protein
source. However, this fluctuation in prices poses significant
challenges for businesses, particularly in managing cash flow. Hence,
it becomes crucial to evaluate the feasibility and sensitivity of the
Layers farming business at PT JIF. The objective of this research is to
provide a comprehensive analysis of the characteristics, financial
aspects, cost flow, and overall feasibility of PT JIF's Layers farming
operations. To achieve this, the study employs several data analysis
methods, including the Net Present Value (NPV), Internal Rate of
Return (IRR), Net B/C ratio, and Payback Period techniques. These
methods are used to assess the economic viability of PT JIF's Layers
farming business. The results demonstrate that PT JIF's layer farming
business is indeed feasible, meeting the established investment
feasibility criteria. Specifically, the NPV is greater than zero, the IRR
exceeds the discount rate, the Net B/C ratio is higher than one, and
the payback period is within three years, which is shorter than the
commercial life of PT JIF's Layers farming business. For aspiring
farmers venturing into the layer farming industry, it is advised to
exercise patience, resilience, and consistency, considering the returnon-investment
period
of
approximately
three
years.
Moreover,
future
researchers
are
encouraged
to
conduct
sensitivity
analyses
to
explore
the
potential effects of uncertainties on PT JIF's Layers farming
business in the long term. By incorporating such sensitivity analyses,
a more comprehensive understanding of the business's potential
performance under varying circumstances can be obtained. This, in
turn, would aid in making informed decisions and implementing
effective strategies for sustained success in the Layers farming sector
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Article Details
How to Cite
BAKHTIAR, Ary et al.
Financial Feasibility of Layers Farming Business.
SOCA: Jurnal Sosial Ekonomi Pertanian, [S.l.], v. 17, n. 3, p. 149 - 163, mar. 2024.
ISSN 2615-6628.
Available at: <https://ojs.unud.ac.id/index.php/soca/article/view/97428>. Date accessed: 15 nov. 2024.
doi: https://doi.org/10.24843/SOCA.2023.v17.i03.p01.
Section
Articles
References
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Cardoso, R. N. C., Cavalcante Blanco, C. J., & Duarte, J. M. (2020). Technical and financial feasibility of rainwater harvesting systems in public buildings in Amazon, Brazil. Journal of Cleaner Production, 260, 121054. https://doi.org/https://doi.org/10.1016/j.jclepro.2020.121054
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Chopra, K., Tyagi, V. V, Popli, S., & Pandey, A. K. (2023). Technical & financial feasibility assessment of heat pipe evacuated tube collector for water heating using Monte Carlo technique for buildings. Energy, 267, 126338. https://doi.org/https://doi.org/10.1016/j.energy.2022.126338
Colpo, I., Rabenschlag, D. R., De Lima, M. S., Martins, M. E. S., & Sellitto, M. A. (2022). Economic and Financial Feasibility of a Biorefinery for Conversion of Brewers’ Spent Grain into a Special Flour. Journal of Open Innovation: Technology, Market, and Complexity, 8(2), 79. https://doi.org/10.3390/joitmc8020079
Diatin, I., Shafruddin, D., Hude, N., Sholihah, M., & Mutsmir, I. (2021). Production Performance and Financial Feasibility Analysis of Farming Catfish (Clarias Gariepinus) Utilizing Water Exchange System, Aquaponic, and Biofloc Technology. Journal of the Saudi Society of Agricultural Sciences, 20(5), 344–351. https://doi.org/10.1016/j.jssas.2021.04.001
Goyal, N., Aggarwal, A., & Kumar, A. (2022). Financial feasibility of concentrated solar power with and without sensible heat storage in hot and dry Indian climate. Journal of Energy Storage, 52, 105002. https://doi.org/https://doi.org/10.1016/j.est.2022.105002
Hadidi, L. A., & Omer, M. M. (2017). A financial feasibility model of gasification and anaerobic digestion waste-to-energy (WTE) plants in Saudi Arabia. Waste Management, 59, 90–101. https://doi.org/10.1016/j.wasman.2016.09.030
Juwitaningtyas, T., Ushada, M., & Purwadi, D. (2015). Financial Feasibility Analysis for Moss Greening Material Panel in Yogyakarta. Agriculture and Agricultural Science Procedia, 3, 159–162. https://doi.org/10.1016/j.aaspro.2015.01.031
Kurniawan, H., Guntoro, B., & Wihandoyo. (2011). Strategi Pengembangan Ayam Ras Petelur di Kota Samarinda Kalimantan Timur. Buletin Peternakan, 35(1), 57–63. https://doi.org/10.21059/buletinpeternak.v35i1.591
Kusmaryatun, S., Pudjiastuti, A. Q., & Prihatminingtyas, B. (2020). The Feasibility of Mango Farming Agribusiness in Oro Oro Ombo Wetan Village, Pasuruan Regency. SOCA: Jurnal Sosial, Ekonomi Pertanian, 14(3), 463. https://doi.org/10.24843/soca.2020.v14.i03.p08
Mahdiyar, A., Tabatabaee, S., Yahya, K., & Mohandes, S. R. (2021). A probabilistic financial feasibility study on green roof installation from the private and social perspectives. Urban Forestry & Urban Greening, 58, 126893. https://doi.org/https://doi.org/10.1016/j.ufug.2020.126893
Meyer, E. L., Overen, O. K., Obileke, K. C., Botha, J. J., Anderson, J. J., Koatla, T. A. B., Thubela, T., Khamkham, T. I., & Ngqeleni, V. D. (2021). Financial and economic feasibility of bio-digesters for rural residential demand-side management and sustainable development. Energy Reports, 7, 1728–1741. https://doi.org/10.1016/j.egyr.2021.03.013
Nurahmi, S., Relawati, R., & Baroh, I. (2021). Analisis Kelayakan Finansial dan Sensitivitas UKM Kue Kering “Loyang Ncim” di Kecamatan Pakis, Kabupaten Malang. Jurnal Agribest, 5(2), 124–130. https://doi.org/10.32528/agribest.v5i2.5827
Nuralamika, F. D., Relawati, R., & Baroh, I. (2021). Analisis Kelayakan Finansial Usaha Sari Buah Matoa di Kecamatan Sukorejo Kabupaten Pasuruan. Jurnal Pertanian CEMARA (Cendekiawan Madura), 18(1), 1–8. https://doi.org/10.24929/fp.v18i1.1361
Nurjannah, Hasyim, S. H., & Hasani, A. N. (2022). Analisis Kelayakan Usaha Peternak Ayam Petelur. Jurnal EcoGen, 5(4), 528–543. https://doi.org/10.24036/jmpe.v5i4.14066
Rahmawati, I. R., Muksin, & Rizal. (2016). Peran dan Kinerja Penyuluh Pertanian dalam Memberdayakan Peternak Ayam Petelur di Kabupaten Jember, Provinsi Jawa Timur. Jurnal Penyuluhan, 12(2), 183–189. https://doi.org/10.25015/penyuluhan.v12i2.12252
Shodiq, W. M. (2021). Perbandingan Perusahaan Perkebunan Sawit Berdasarkan Kinerja Keuangan Periode 2015-2019. Jurnal Sosial Ekonomi Pertanian, 17(1), 1–18. https://doi.org/10.20956/jsep.v16i3.11930
Singh, S., Anand, A., Shukla, A., & Sharma, A. (2021). Environmental, technical and financial feasibility study of domestic solar water heating system in India. Sustainable Energy Technologies and Assessments, 43(January 2020), 100965. https://doi.org/10.1016/j.seta.2020.100965
Suryadi, S., Riani, R., Jamilah, J., & Kembaren, E. T. (2022). Financial Feasibility of Citronella in The Reforestation Area. SOCA: Jurnal Sosial, Ekonomi Pertanian, 16(2), 224. https://doi.org/10.24843/soca.2022.v16.i02.p09
Waleleng, P. O. ., Santa, N. M., & Tuwaidan, J. A. M. (2022). Analisis kelayakan usaha peternakan ayam ras petelur UD.Tetey Permai Di Desa Tetey Kecamatan Dimembe Kabupaten Minahasa Utara (Studi Kasus). Zootec, 42(2), 339. https://doi.org/10.35792/zot.42.2.2022.42661
Wulandari, Z., & Arief, I. I. (2022). Review : Tepung Telur Ayam : Nilai Gizi , Sifat Fungsional dan Manfaat. Jurnal Ilmu Produksi Dan Teknologi Hasil Peternakan, 10(2), 62–68.
Youssefi, I., Celik, T., & Azimli, A. (2022). Financial feasibility analysis for different retrofit strategies on an institutional building. Sustainable Energy Technologies and Assessments, 52, 102342. https://doi.org/10.1016/j.seta.2022.102342
Abdelhady, S. (2021). Performance and cost evaluation of solar dish power plant: sensitivity analysis of levelized cost of electricity (LCOE) and net present value (NPV). Renewable Energy, 168, 332–342. https://doi.org/10.1016/j.renene.2020.12.074
Abidin, Z. (2003). Meningkatkan Produktivitas Ayam Ras Petelur. Agromedia Pustaka.
Alhuur, K. R. G., Pratama, A., & Yuniarti, E. (2020). Kualitas dan Cara Penyimpanan Telur Yang Baik dalam Upaya Menjaga Asupan Gizi Optimal di Masa Pandemi COVID-19. Farmers: Journal of Community Services, 1(1), 24–28. https://doi.org/10.24198/fjcs.v1i1.28647
Aruta, G., Ascione, F., Bianco, N., & Mauro, G. M. (2022). Optimization of a diabatic compressed air energy storage coupled with photovoltaics for buildings: CO2-eq emissions vs payback time. Energy Reports, 8, 12686–12698. https://doi.org/https://doi.org/10.1016/j.egyr.2022.09.112
Asciuto, A., Schimmenti, E., Cottone, C., & Borsellino, V. (2019). A financial feasibility study of an aquaponic system in a Mediterranean urban context. Urban Forestry & Urban Greening, 38, 397–402. https://doi.org/10.1016/j.ufug.2019.02.001
Badan Pusat Statistik. (2017). Produksi Telur Ayam Petelur menurut Provinsi (Ton), 2014-2016. In Badan pusat statstik (p. 2012). Badan Pusat Statistik. https://www.bps.go.id/indicator/24/491/1/produksi-telur-ayam-petelur-menurut-provinsi.html
Badan Pusat Statistik. (2019). Populasi Ayam Ras Petelur menurut Provinsi (Ekor), 2017-2019 (pp. 1–2). Badan Pusat Statistik. https://www.bps.go.id/indicator/24/477/2/populasi-ayam-ras-petelur-menurut-provinsi.html
Badan Pusat Statistik. (2022a). Produksi Telur Ayam Buras menurut Provinsi (Ton), 2020-2022. Badan Pusat Statistik. https://www.bps.go.id/indicator/24/490/1/produksi-telur-ayam-buras-menurut-provinsi.html
Badan Pusat Statistik. (2022b). Produksi Telur Ayam Petelur menurut Provinsi (Ton), 2020-2022. Badan Pusat Statistik. https://www.bps.go.id/indicator/24/491/1/produksi-telur-ayam-petelur-menurut-provinsi.html
Badan Pusat Statistik. (2022c). Produksi Telur Itik/Itik Manila menurut Provinsi (Ton), 2020-2022. Badan Pusat Statistik. https://www.bps.go.id/indicator/24/492/1/produksi-telur-itik-itik-manila-menurut-provinsi.html
Badan Pusat Statistik. (2022d). Rata-rata Pengeluaran Perkapita Seminggu Menurut Kelompok Telur dan Susu Per Kabupaten/kota (Rupiah/Kapita/Minggu), 2022. Badan Pusat Statistik. https://www.bps.go.id/indicator/5/2115/1/rata-rata-pengeluaran-perkapita-seminggu-menurut-kelompok-telur-dan-susu-per-kabupaten-kota.html
Bakhtiar, A., Ibrahim, J. T., & Relawati, R. (2018). Analisis Kelayakan Finansial Agroindustri Tahu “RDS” (Studi Kasus di Agroindustri Pengolahan Tahu “RDS” Kecamatan Singosari Kabupaten Malang). Jurnal Agribest, 02(02), 174–178. https://doi.org/10.32528/agribest.v2i2.1628
Bimantio, M. P., & Wardoyo, A. D. H. (2020). Sensitivity and Feasibility Analysis of Citronella Oil Business. SOCA: Jurnal Sosial, Ekonomi Pertanian, 14(2), 313. https://doi.org/10.24843/soca.2020.v14.i02.p11
Cardoso, R. N. C., Cavalcante Blanco, C. J., & Duarte, J. M. (2020). Technical and financial feasibility of rainwater harvesting systems in public buildings in Amazon, Brazil. Journal of Cleaner Production, 260, 121054. https://doi.org/https://doi.org/10.1016/j.jclepro.2020.121054
Ceunfin, S., Prihatminingtyas, B., & Asnah. (2020). Kelayakan Usaha Pada Agribisnis Ayam Petelur Studi Kasus Pada CV. Gali Putra Junrejo Malang. Berkala Ilmiah AGRIDEVINA, 9(1), 39–52. https://doi.org/10.33005/adv.v9i1.2207
Chopra, K., Tyagi, V. V, Popli, S., & Pandey, A. K. (2023). Technical & financial feasibility assessment of heat pipe evacuated tube collector for water heating using Monte Carlo technique for buildings. Energy, 267, 126338. https://doi.org/https://doi.org/10.1016/j.energy.2022.126338
Colpo, I., Rabenschlag, D. R., De Lima, M. S., Martins, M. E. S., & Sellitto, M. A. (2022). Economic and Financial Feasibility of a Biorefinery for Conversion of Brewers’ Spent Grain into a Special Flour. Journal of Open Innovation: Technology, Market, and Complexity, 8(2), 79. https://doi.org/10.3390/joitmc8020079
Diatin, I., Shafruddin, D., Hude, N., Sholihah, M., & Mutsmir, I. (2021). Production Performance and Financial Feasibility Analysis of Farming Catfish (Clarias Gariepinus) Utilizing Water Exchange System, Aquaponic, and Biofloc Technology. Journal of the Saudi Society of Agricultural Sciences, 20(5), 344–351. https://doi.org/10.1016/j.jssas.2021.04.001
Goyal, N., Aggarwal, A., & Kumar, A. (2022). Financial feasibility of concentrated solar power with and without sensible heat storage in hot and dry Indian climate. Journal of Energy Storage, 52, 105002. https://doi.org/https://doi.org/10.1016/j.est.2022.105002
Hadidi, L. A., & Omer, M. M. (2017). A financial feasibility model of gasification and anaerobic digestion waste-to-energy (WTE) plants in Saudi Arabia. Waste Management, 59, 90–101. https://doi.org/10.1016/j.wasman.2016.09.030
Juwitaningtyas, T., Ushada, M., & Purwadi, D. (2015). Financial Feasibility Analysis for Moss Greening Material Panel in Yogyakarta. Agriculture and Agricultural Science Procedia, 3, 159–162. https://doi.org/10.1016/j.aaspro.2015.01.031
Kurniawan, H., Guntoro, B., & Wihandoyo. (2011). Strategi Pengembangan Ayam Ras Petelur di Kota Samarinda Kalimantan Timur. Buletin Peternakan, 35(1), 57–63. https://doi.org/10.21059/buletinpeternak.v35i1.591
Kusmaryatun, S., Pudjiastuti, A. Q., & Prihatminingtyas, B. (2020). The Feasibility of Mango Farming Agribusiness in Oro Oro Ombo Wetan Village, Pasuruan Regency. SOCA: Jurnal Sosial, Ekonomi Pertanian, 14(3), 463. https://doi.org/10.24843/soca.2020.v14.i03.p08
Mahdiyar, A., Tabatabaee, S., Yahya, K., & Mohandes, S. R. (2021). A probabilistic financial feasibility study on green roof installation from the private and social perspectives. Urban Forestry & Urban Greening, 58, 126893. https://doi.org/https://doi.org/10.1016/j.ufug.2020.126893
Meyer, E. L., Overen, O. K., Obileke, K. C., Botha, J. J., Anderson, J. J., Koatla, T. A. B., Thubela, T., Khamkham, T. I., & Ngqeleni, V. D. (2021). Financial and economic feasibility of bio-digesters for rural residential demand-side management and sustainable development. Energy Reports, 7, 1728–1741. https://doi.org/10.1016/j.egyr.2021.03.013
Nurahmi, S., Relawati, R., & Baroh, I. (2021). Analisis Kelayakan Finansial dan Sensitivitas UKM Kue Kering “Loyang Ncim” di Kecamatan Pakis, Kabupaten Malang. Jurnal Agribest, 5(2), 124–130. https://doi.org/10.32528/agribest.v5i2.5827
Nuralamika, F. D., Relawati, R., & Baroh, I. (2021). Analisis Kelayakan Finansial Usaha Sari Buah Matoa di Kecamatan Sukorejo Kabupaten Pasuruan. Jurnal Pertanian CEMARA (Cendekiawan Madura), 18(1), 1–8. https://doi.org/10.24929/fp.v18i1.1361
Nurjannah, Hasyim, S. H., & Hasani, A. N. (2022). Analisis Kelayakan Usaha Peternak Ayam Petelur. Jurnal EcoGen, 5(4), 528–543. https://doi.org/10.24036/jmpe.v5i4.14066
Rahmawati, I. R., Muksin, & Rizal. (2016). Peran dan Kinerja Penyuluh Pertanian dalam Memberdayakan Peternak Ayam Petelur di Kabupaten Jember, Provinsi Jawa Timur. Jurnal Penyuluhan, 12(2), 183–189. https://doi.org/10.25015/penyuluhan.v12i2.12252
Shodiq, W. M. (2021). Perbandingan Perusahaan Perkebunan Sawit Berdasarkan Kinerja Keuangan Periode 2015-2019. Jurnal Sosial Ekonomi Pertanian, 17(1), 1–18. https://doi.org/10.20956/jsep.v16i3.11930
Singh, S., Anand, A., Shukla, A., & Sharma, A. (2021). Environmental, technical and financial feasibility study of domestic solar water heating system in India. Sustainable Energy Technologies and Assessments, 43(January 2020), 100965. https://doi.org/10.1016/j.seta.2020.100965
Suryadi, S., Riani, R., Jamilah, J., & Kembaren, E. T. (2022). Financial Feasibility of Citronella in The Reforestation Area. SOCA: Jurnal Sosial, Ekonomi Pertanian, 16(2), 224. https://doi.org/10.24843/soca.2022.v16.i02.p09
Waleleng, P. O. ., Santa, N. M., & Tuwaidan, J. A. M. (2022). Analisis kelayakan usaha peternakan ayam ras petelur UD.Tetey Permai Di Desa Tetey Kecamatan Dimembe Kabupaten Minahasa Utara (Studi Kasus). Zootec, 42(2), 339. https://doi.org/10.35792/zot.42.2.2022.42661
Wulandari, Z., & Arief, I. I. (2022). Review : Tepung Telur Ayam : Nilai Gizi , Sifat Fungsional dan Manfaat. Jurnal Ilmu Produksi Dan Teknologi Hasil Peternakan, 10(2), 62–68.
Youssefi, I., Celik, T., & Azimli, A. (2022). Financial feasibility analysis for different retrofit strategies on an institutional building. Sustainable Energy Technologies and Assessments, 52, 102342. https://doi.org/10.1016/j.seta.2022.102342