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All Journal Majapahit Journal of Islamic Finance dan Management Majapahit Journal of Islamic Finance dan Management
Hulopi, Siska
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Feasibility Analysis of Sorgum Farming in Gorontalo Province Hulopi, Siska; Tolinggi, Wawan K.; Mustafa, Ramlan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 4 (2025): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i4.678

Abstract

This study aims to: (1) determine the income earned by farmers from sorghum cultivation, and (2) assess the financial feasibility of sorghum farming in Gorontalo Province. The research was conducted from April to May 2025 and involved 20 farmers selected purposively. Data were collected through direct interviews using structured questionnaires, analyzed then quantitatively using several financial feasibility indicators, including total production cost, total revenue, net income, Gross Profit Margin (GPM), Net Profit Margin (NPM), and Revenue Cost Ratio (R/C). The results indicate that the average production cost per farmer per planting season was IDR 2,214,995, while the average revenue reached IDR 4,368,750. As a result, the average net income amounted to IDR 2,153,755. The R/C ratio of 1.9 confirms that sorghum farming is profitable, as every Rp. 1 of cost generates Rp. 1.9 of revenue. Furthermore, the GPM of 52.51% and NPM of 49.29% demonstrate a strong level of profitability. Based on these findings, sorghum farming in Gorontalo Province is considered financially viable and suitable for sustainable development.
Feasibility Analysis of Sorgum Farming in Gorontalo Province Hulopi, Siska; Tolinggi, Wawan K.; Mustafa, Ramlan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 4 (2025): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i4.678

Abstract

This study aims to: (1) determine the income earned by farmers from sorghum cultivation, and (2) assess the financial feasibility of sorghum farming in Gorontalo Province. The research was conducted from April to May 2025 and involved 20 farmers selected purposively. Data were collected through direct interviews using structured questionnaires, analyzed then quantitatively using several financial feasibility indicators, including total production cost, total revenue, net income, Gross Profit Margin (GPM), Net Profit Margin (NPM), and Revenue Cost Ratio (R/C). The results indicate that the average production cost per farmer per planting season was IDR 2,214,995, while the average revenue reached IDR 4,368,750. As a result, the average net income amounted to IDR 2,153,755. The R/C ratio of 1.9 confirms that sorghum farming is profitable, as every Rp. 1 of cost generates Rp. 1.9 of revenue. Furthermore, the GPM of 52.51% and NPM of 49.29% demonstrate a strong level of profitability. Based on these findings, sorghum farming in Gorontalo Province is considered financially viable and suitable for sustainable development.
Co-Authors Ramlan Mustafa Wawan K Tolinggi