Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District
Production of cajuput oil from the Moluccas and Java Island is currently far below the domestic demand for the oil. Extensification of small-scale cajuput plantations managed by community using improved seeds is expected to increase cajuput oil production in Indonesia. This study investigates the fi...
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| Format: | Article |
| Language: | English |
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Universitas Gadjah Mada
2020-07-01
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| Series: | Jurnal Ilmu Kehutanan |
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| Online Access: | https://jurnal.ugm.ac.id/jikfkt/article/view/57456 |
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| author | Prastyono Prastyono Noor Khomsah Kartikawati Sumardi Sumardi Anto Rimbawanto |
| author_facet | Prastyono Prastyono Noor Khomsah Kartikawati Sumardi Sumardi Anto Rimbawanto |
| author_sort | Prastyono Prastyono |
| collection | DOAJ |
| description | Production of cajuput oil from the Moluccas and Java Island is currently far below the domestic demand for the oil. Extensification of small-scale cajuput plantations managed by community using improved seeds is expected to increase cajuput oil production in Indonesia. This study investigates the financial feasibility of a 5 ha-cajuput plantation using data collected from a pilot project for a farmer group in Rimbajaya Village, East Biak District. Financial feasibility was assessed by calculating four investment criteria: net present value (NPV), internal rate of return (IRR), benefit-cost ratio (BCR) and payback period. The analysis showed that a small-scale cajuput plantation was financially feasible with NPV (25 years) at a 9.2% discount rate was IDR 757,171,972.00 (IDR 151,434,394.32 per hectare), IRR of 72.74%, BCR of 1.77 and payback period after 2 years and 3 months. Investation in a cajuput plantation planted with improved seeds is more feasible than that in bamboo, sengon, palm oil and coffee plantations. |
| format | Article |
| id | doaj-art-aebdf50f5e6a4844a3c48ba4378a36b9 |
| institution | Kabale University |
| issn | 0126-4451 2477-3751 |
| language | English |
| publishDate | 2020-07-01 |
| publisher | Universitas Gadjah Mada |
| record_format | Article |
| series | Jurnal Ilmu Kehutanan |
| spelling | doaj-art-aebdf50f5e6a4844a3c48ba4378a36b92025-01-27T05:38:26ZengUniversitas Gadjah MadaJurnal Ilmu Kehutanan0126-44512477-37512020-07-0114131510.22146/jik.5745627195Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak DistrictPrastyono Prastyono0Noor Khomsah Kartikawati1Sumardi Sumardi2Anto Rimbawanto3Center for Research and Development of Biotechnology and Forest Plant Breeding Yogyakarta, IndonesiaCenter for Research and Development of Biotechnology and Forest Plant Breeding Yogyakarta, IndonesiaCenter for Research and Development of Biotechnology and Forest Plant Breeding Yogyakarta, IndonesiaCenter for Research and Development of Biotechnology and Forest Plant Breeding Yogyakarta, IndonesiaProduction of cajuput oil from the Moluccas and Java Island is currently far below the domestic demand for the oil. Extensification of small-scale cajuput plantations managed by community using improved seeds is expected to increase cajuput oil production in Indonesia. This study investigates the financial feasibility of a 5 ha-cajuput plantation using data collected from a pilot project for a farmer group in Rimbajaya Village, East Biak District. Financial feasibility was assessed by calculating four investment criteria: net present value (NPV), internal rate of return (IRR), benefit-cost ratio (BCR) and payback period. The analysis showed that a small-scale cajuput plantation was financially feasible with NPV (25 years) at a 9.2% discount rate was IDR 757,171,972.00 (IDR 151,434,394.32 per hectare), IRR of 72.74%, BCR of 1.77 and payback period after 2 years and 3 months. Investation in a cajuput plantation planted with improved seeds is more feasible than that in bamboo, sengon, palm oil and coffee plantations.https://jurnal.ugm.ac.id/jikfkt/article/view/57456kehutananlingkungan |
| spellingShingle | Prastyono Prastyono Noor Khomsah Kartikawati Sumardi Sumardi Anto Rimbawanto Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District Jurnal Ilmu Kehutanan kehutanan lingkungan |
| title | Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District |
| title_full | Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District |
| title_fullStr | Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District |
| title_full_unstemmed | Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District |
| title_short | Financial Analysis of a Small Scale Cajuput Plantation: A Case Study of A Pilot Project for A Farmer Group in Rimbajaya Village, East Biak District |
| title_sort | financial analysis of a small scale cajuput plantation a case study of a pilot project for a farmer group in rimbajaya village east biak district |
| topic | kehutanan lingkungan |
| url | https://jurnal.ugm.ac.id/jikfkt/article/view/57456 |
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