Feasibility Analysis of Porang Farming (Amorphophallus Muelleri Blume) in Klangon Village, Saradan District, Madiun Regency
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 05
Abstract
Klangon Village, the center of producing porang plants in Madiun Regency is faced with problems, namely low selling prices of porang and rising production costs. This study aims to analyze the costs, revenues, and incomes of farmers and analyze the feasibility of porang farming. The place of this research was conducted in Klangon Village, Saradan District, Madiun Regency. Purposive sampling technique with 92 respondents. The first objective is analyzed using revenue analysis and the second objective with feasibility analysis includes Revenue Cost Ratio (R/C Ratio), Benefit Cost Ratio (B/C Ratio), and Break Event Point (BEP). The results showed that the average income received by farmers was Rp. 7,983,800/ha. With an average revenue of Rp. 15,149,843/ha and an average total cost incurred by farmers of Rp. 7,166,043/ha. The results of the feasibility analysis of porang with an R/C Ratio showed a value of 2.11 and a B/C Ratio of 1.11. The results of the BEP analysis of revenue amounted to Rp. 531,605/ha, BEP production amounted to 165/kg/ha, and BEP price amounted to Rp. 1,525/kg. The analysis of the R/C Ratio, B/C Ratio, and BEP shows that porang farming is worth cultivating.
Authors and Affiliations
Amanda Dhea Restina, Hamidah Hendrarini, Prasmita Dian Wijayati
Foreign Direct Investment and Economic Growth: The Role of Corruption Control in North Africa
This paper aims to study the interaction of corruption control in the relationship between foreign direct investment (FDI) and economic growth in North African countries. To achieve this, econometric estimates were made...
Effect of Strategic Human Resource Practices on Employees’ Performance in Commercial Banks in Nairobi (A Case of Nairobi County)
Despite the recognition of the important role that human resource practices play in enhancing employee performance, there is a lack of comprehensive research on the specific impact of these practices in the banking indus...
Does Capital Structure Impact Financial Performance? (Banking Enterprise in ASEAN 2017- 2021)
This study intends to investigate how capital structure affects the financial health of ASEAN banking organizations. Demands for improving banking performance must always be carried out so that their survival can be main...
The Effect of Current Ratio, Debt to Equity Ratio and Working Capital Turnover on Profitability in Food and Beverage Companies Listed on the Indonesia Stock Exchange (Idx) Period 2019 – 2021
This study aims to examine the factors that can affect profitability, which are liquidity (current ratio), solvency (debt to equity ratio) and working capital turnover. The population in this study was 28 food and bevera...
Influence of Human Capital and Self-Efficacy in Improving Productivity of Power Plant Perators at Jeneponto Power Plant Through Knowledge Sharing
Research related to productivity improvement through the knowledge sharing process is still limited, so this research aims to find a model of productivity improvement through the utilization of knowledge sharing that can...