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
Keywords
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- EP ID EP727091
- DOI 10.47191/jefms/v6-i5-45
- Views 59
- Downloads 0
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