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Financial and Economic Feasibility of Smallholder Oil Palm Plantations: Investment Implications in Rokan Hilir Regency Daffa Ibra Danendra; Ni Ketut Dela Yanti; Nisayu Kurniawati; Ghery Rivanio Idzal; Fauzany Ahsa Muhammad
ASA : Agribusiness and Sustainable Agriculture Vol. 2 No. 2 (2026): July 2026
Publisher : Universitas Satya Terra Bhinneka

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Abstract

Introduction/Main Objectives: This paper analyzes the financial and economic feasibility of a smallholder oil palm plantation producing fresh fruit bunches (FFB) in Bagan Timur Village, Bangko District, Rokan Hilir Regency. Oil palm plays a crucial role in rural income generation and regional economic development, yet feasibility assessments at the farm level are still largely limited to financial indicators, overlooking broader economic and environmental dimensions. Background Problems: The core problem addressed is the lack of integrated feasibility studies that incorporate both private profitability and economic externalities; the research asks whether smallholder oil palm farming remains viable once these factors are considered. Novelty: The novelty of this study lies in integrating financial and economic feasibility analysis by applying shadow prices, including carbon sequestration valuation, to a smallholder FFB-based oil palm system. Research Methods: A case study approach was employed using primary data collected in August–September 2025 through interviews, observations, and farm records. Standard investment criteria (NPV, Net B/C, Gross B/C, IRR, and Payback Period) were applied under financial and economic frameworks. Finding/Results: The results show that the plantation is financially and economically feasible, with positive NPVs, B/C ratios above one, IRRs exceeding discount rates, and acceptable payback periods. Conclusion: The findings confirm that smallholder oil palm farming remains viable even after accounting for economic and environmental costs, underscoring the importance of comprehensive feasibility analysis for sustainable investment decisions.
Determinan Ekspansi Pasar Mentega Kakao Indonesia di ASEAN+6: Pendekatan SCP dan Efek Perdagangan Berdasarkan Market Overspace dan Overtime Daffa Ibra Danendra; Ni Ketut Dela Yanti; Novindra Novindra
Journal of Integrated Agribusiness Vol 8 No 1 (2026): Journal of Integrated Agribusiness
Publisher : Jurusan Agribisnis, Fakultas Pertanian, Perikanan dan Kelautan Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33019/jia.v8i1.7271

Abstract

Sejak awal 2000-an, perdagangan bebas di Asia meningkat pesat seiring dengan meluasnya perjanjian perdagangan regional (RTA) yang mendorong integrasi ekonomi kawasan. Penelitian ini bertujuan untuk mengevaluasi struktur, perilaku, dan kinerja industri mentega kakao Indonesia di pasar ASEAN+6, serta mengidentifikasi determinan utama yang memengaruhi perdagangan komoditas ini. Metode yang digunakan mencakup analisis deskriptif kualitatif dengan pendekatan Structure–Conduct–Performance (SCP), pengukuran indeks Intra-Industry Trade (IIT), serta estimasi gravity model menggunakan regresi data panel Pooled OLS dan Poisson Pseudo Maximum Likelihood (PPML) dengan time effect. Hasil menunjukkan bahwa pasar mentega kakao Indonesia bersifat oligopoli dengan CR4 dan MES di atas 60%. Nilai IIT rata-rata hanya 9,6, menandakan integrasi lemah. Tiga variabel dummy FTA, PDB mitra dagang, nilai tukar, serta variabel geospasial seperti landlocked dan border berpengaruh signifikan terhadap arus perdagangan. Efek perdagangan menunjukkan adanya trade creation pasca-implementasi FTA. Model time effect PPML mengonfirmasi bahwa pasar ekspor mentega kakao Indonesia mengalami perluasan jangka panjang (market overspace dan overtime), memperkuat peran FTA dalam membentuk perdagangan dua arah yang lebih terintegrasi dan berkelanjutan di kawasan ASEAN+6.