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FINANCIAL ANALYSIS OF BROILER CHICKEN FARMING BUSINESSES IN THE SANTRI EMPOWERMENT PROGRAM IN LANGKAT DISTRICT Murni Park; Muhammad Buhari Sibuea; Tumpal HS Siregar
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 4 No. 3 (2024): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v4i3.1656

Abstract

Funding is one of the biggest problems facing small-scale broiler chicken farmers. Another problem is not knowing how to cultivate it properly and the difficulties in selling it. Partnerships are one way to overcome the challenges commonly faced by boiler chicken farmers. PT. Charoen Pokphand and Pesantren Darussalaam, who run a boiler chicken farming operation in Langkat, North Sumatra Province, use the partnership model. The purpose of this study is to calculate the financial feasibility of the program using the benefit cost ratio (BCR), net present value (NPV), internal rate of return (IRR), and payback period (PP). Additionally, to determine how changes in labor expenses and feed prices may affect farmers' revenue. With a purposive sampling method, this explanatory research uses a case study strategy. The results of the financial analysis found that Darusalam Islamic Boarding School boiler chicken farming business was feasible, as indicated by the net present value (NPV) of IDR 316,719,165, benefit cost ratio (BCR) of 1.74, internal rate of return (IRR) of 25%, and payback period (PP) of 1.93 years. The results of the sensitivity analysis have the most sensitive changes to the business in the form of increased feed costs. Partnership system broiler farmers like Darussalam Islamic Boarding School cannot regulate selling and feed prices, so the only way to keep the business viable is to maintain the resulting production. Therefore, Farmers must be able to master cage management and good production management in order to produce maximum broiler chicken production
Co-Authors Abdul Rahman Adelina Lubis Afifuddin Afifuddin, Afifuddin Afifuddin, Afif Agustian Harianto Agustian Hartanto Ali Djamhuri Anggi Prayoga Simanjuntak Apip Gunaldi Dalimunthe Ardiansyah, Kevin Arry Wihardi Pratama Asmaul Husna Aulia, Vityaloka Ayu Ayu Lestari Azwana Azwana Basuki , Dedi Kusbiantoro Eral, Mindya Erwin Pane, Erwin Fachry Abda El Rahman Fadhil Pahlevi Hidayat Faiz Ahmad Sibuea Faiz Faiz Ahmad Fauziah Marhanah Pohan Feri Ilhami Hasugian Fitriani Fitriani Ginting, Jasa Gustami Harahap Gustina Siregar Hardiansyah Sinaga Harimao, Lukas Ihsan Effendi Insandi, Arief Muhazir Ira Apriyanti Jasa Ginting Jones Simatupang Juwita Tarigan Khairunnas , Khairunnas _ Khairunnisa Rangkuti Kuswardani, Retna A. Kuswardhani, Retna Astuti LINDAWATI Lubis, Irhamna Mandili Mardiati Mardiati Martina Silaban Mhd Asaad Mhd. Asaad Muhammad Asaad Muhammad Assad Muhammad Thamrin Muhammad Thamrin Mukhlis Mukhlis Murni Park MZ, Ali Mawali Nasution, Khairunnisyah Nasution, Nurhadida Nurhayati Nurhayati Openius Zai Perangin-angin, Ratna Amenawati Pulungan, Abraham Ismail Putra, Angga Dwi Kelana Rahayu Widya Ningsih Rahmanta , Rahmanta Ginting Rahmanta Ginting Rahmanta Rahmanta, Rahmanta Ramadani, Riski Ananda Rambe, Nurhabibi Riyadh, Mhd. Ilham Setiawan, Budi Rezky Sibuea, Siti Rahmah Sihaloho, Leo Frengki Siregar, M. Akbar Siti Rahmah Sibuea Sri Ariani Safitri Sugiono, Nurhabsah Anggraini Suhardi Fadli Suhendra, Boby Sulastri Sulastri Surbakti, Eka Wulandari Tri Martial Tsarwah Tsarwah Tumpal HS Siregar Ujianhati Zega Wanto, Anjar Waty Marlinang Pakpahan Yanti, Mariana Eva Yeni Rachmawati Yudha Andriansyah Putra Zulheri Noer