Analisis kelayakan finansial peternakan sapi potong dan rumah potong hewan Batu Riset di Kota Pagar Alam Provinsi Sumatera Selatan
DESTENTY, Prof. Dr. Ir. Krishna Agung Santosa, M.Sc
2009 | Tesis | S2 Magister Manajemen AgribisnisUntuk mengetahui kelayakan finansial Peternakan Sapi Potong dan Rumah Potong Hewan (RPH) Batu Riset, Desa Mekar Alam, Kota Pagar Alam, Sumatera Selatan, dilakukan analisis kuantitatif dengan perhitungan net present value (NPV), net benefit cost ratio (net B/C ratio), internal rate of return (IRR) dan payback period of credit (PPC). Tiga alternatif usaha yang dapat dijalankan yaitu Alternatif A, membeli bakalan lalu digemukkan kemudian dijual sebagai sapi siap potong 450 ekor/tahun dan membeli 700 ekor/tahun sapi siap potong langsung dipotong dan dijual dalam bentuk karkas. Alternatif B, membeli bakalan lalu digemukkan dipotong dan dijual dalam bentuk karkas 450 ekor/tahun dan membeli 250 ekor sapi siap potong dibeli dan langsung. Alternatif C, membeli bakalan lalu digemukkan kemudian dijual sapi siap potong 225 ekor dan dalam bentuk karkas sebanyak 225 ekor, membeli 475 ekor sapi siap potong dan langsung dipotong. Keuntungan yang dihasilkan setelah usaha berjalan 10 tahun adalah Rp. 1.042.893.699,5 (alternatif A), Rp. 6.570.987.156,4 (alternatif B) dan Rp. 4.113.226.831,1 (alternatif C). Usaha Peternakan Sapi Potong dan RPH Batu Riset dalam jangka panjang layak dilanjutkan, dikarenakan alternatif A menghasilkan nilai NPV Rp. 288.210.181,14, net B/C ratio 1,00537, IRR 25,036% dan PPC 3 tahun 1 bulan. Alternatif B menghasilkan nilai NPV Rp. 2.694.752.880,61, net B/C ratio 1,06983, IRR 60,298% dan PPC 2 tahun. Alternatif C menghasilkan NPV Rp. 1.393.818.987,39, net B/C ratio 1,03014, IRR 41,188% dan PPC 2 tahun 5 bulan. Analisis sensitivitas menunjukkan alternatif A tidak layak karena dengan penurunan harga output 1%, kenaikan biaya variabel 1% dan penurunan harga output dan kenaikan biaya variabel sebesar 1% secara bersamaan ditinjau dari NPV, net B/C ratio dan IRR. Alternatif B layak dilanjutkan karena walaupun terjadi penurunan harga output sampai 6%, kenaikan biaya variabel sampai 7% dan penurunan harga output dan kenaikan biaya variabel secara bersamaan sampai 3%. Alternatif C layak dilanjutkan karena walaupun terjadi penurunan harga output sampai 2%, kenaikan biaya variabel sampai 3% dan penurunan harga output dan kenaikan biaya variabel secara bersamaan sampai 1%.
To find out the financial feasibility of Batu Riset Feedlot and Slaughtering, quantitative analysis using net present value (NPV), net benefit cost ratio (net B/C ratio), internal rate of return (IRR) and payback period of credit (PPC) were performed. Three alternatives analyzed were as follows. Alternative A: purchase 450 cattle/yr, fattened and sold; purchase 700 cattle/yr and slaughtered, sold as carcasses. Alternative B: purchase 450 cattle/yr, fattened and slaughtered sold as carcasses; purchase 250 cattle/yr and slaughtered immediately. Alternative C: purchase 450 cattle/yr, 225 out of 450 cattle/yr were fattened and sold as cattle, while the rest of to 225 were slaughtered and sold as carcasses; purchase 475 cattle/yr and immediately slaughtered sold as carcasses. After 10 years of operation the profits were found to be Rp. 1,042,893,699.5, ( alternative A), Rp. 6,570,987,156.4 (alternative B), Rp. 4,113,226,831.1 (alternative C). NPV, net B/C ratio, IRR and PPC were found to be Rp. 288,210,181.14, 1.00537, 25.036% and 3 years and 1 month. Rp. 2,694,752,880.61, 1.06983, 60.298% and 2 years and Rp. 1,393,818,987.39, 1.03014, 41.188% and 2 years and 5 months, respectively. Sensitivity analysis shows that alternative A was not feasible in terms of NPV, net B/C ratio and IRR at the conditions of output price decrease of 1%, variable cost increase of 1% and output price decrease together with variable cost increase of 1%. Alternaive B was the most feasible until the conditions of output price decrease of 6%, variable cost increase of 7% and output price decrease together with variable cost increase of 3%. Alternative c was feasible, but output price decrease, variabel cost increase must be lower than 2% and 3%, respectively or output price decrease together with variable cost increase must be less than 1%.
Kata Kunci : Usaha penggemukan sapi potong,Analisis kelayakan usaha,Analisis sensitivitas,Feedlot, Feasibility analysis, Sensitivity analysis
