Asnawi Asnawi
Politeknik Ahli Usaha Perikanan

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Analysis of Financial Feasibility and Business Resilience of Small-Scale Capture Fisheries in Grabag District, Purworejo Regency, Central Java Asnawi Asnawi; Ani Leilani; Shafa Lintang Lauren
PONGGAWA : Journal of Fisheries Socio-Economic VOLUME 6, NOMOR 1, MAY 2026
Publisher : Program Studi Sosial Ekonomi Perikanan, Fakultas Ilmu Kelautan dan Perikanan, Universitas Hasanuddin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35911/ponggawa.v6i1.49003

Abstract

This study aims to analyze the financial feasibility and resilience of small-scale capture fisheries under price and production fluctuations in Grabag Sub-district, Purworejo Regency. The analysis focuses on the financial performance of small-scale capture fisheries using feasibility indicators, including Net Present Value (NPV), Internal Rate of Return (IRR), R/C ratio, Break Even Point (BEP), as well as sensitivity and switching value analyses. The study employed a descriptive quantitative approach using primary and secondary data collected through interviews, observations, and document reviews, with a total of 30 respondents. The results indicate that small-scale capture fisheries in Grabag Sub-district are financially highly feasible, as reflected by positive NPV values and IRR levels far exceeding discount rates of 10% and 15%. Sensitivity analysis shows that price and production declines of up to 30% still result in financial feasibility, while switching value analysis demonstrates that the business can withstand substantial reductions in price or production before reaching the non-feasible threshold. These findings suggest that small-scale capture fisheries in Grabag Sub-district have strong financial resilience and promising development prospects.
Financial Feasibility Analysis of Capture Fisheries as a Basis for Socio-Economic Policy for Fishermen in West Tegal District, Tegal City, Central Java Asnawi Asnawi; O.D. Soebhakti Hasan; Sobariah Sobariah; Irman Nur Hamzah
PONGGAWA : Journal of Fisheries Socio-Economic VOLUME 6, NOMOR 2, NOVEMBER 2026
Publisher : Program Studi Sosial Ekonomi Perikanan, Fakultas Ilmu Kelautan dan Perikanan, Universitas Hasanuddin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35911/w1g4rp34

Abstract

Small-scale capture fisheries play an important role in supporting the livelihoods and economies of coastal communities; however, their sustainability is strongly influenced by business feasibility and appropriate policy support. This study aims to analyze the financial feasibility of capture fisheries as a basis for formulating socio-economic policies for fishers in West Tegal District, Tegal City. The study employed purposive sampling involving 65 fishers as respondents. Primary data were collected through interviews with fishers, while secondary data were obtained from relevant government institutions. The analysis used a socio-economic approach based on business and investment feasibility indicators, including the Revenue-Cost (R/C) Ratio, Break-Even Point (BEP), Payback Period (PP), Return on Investment (ROI), Net Present Value (NPV), and Internal Rate of Return (IRR). The results indicate that capture fisheries businesses in the study area are economically feasible, as demonstrated by an R/C Ratio of 3.8, an ROI of 36%, an NPV of IDR 570.37 million, and an IRR of 37.44%. These findings indicate that the sustainability of fishers' livelihoods is determined not only by technical production aspects but also by appropriate financing policies and effective management of fishing assets. Therefore, the findings provide a basis for formulating policies that support small-scale fishers through improved access to financing, fishing fleet renewal, and strengthened fisher capacity and institutional arrangements at the local level, as a foundation for socio-economic policies for small-scale capture fisheries.