Analysis Of Financial Feasibility Community Rubber Plantations (Hevea Brasiliensis) In District Malinau Regency North Kalimantan

Abstract

People's rubber plantations make a big contribution to people's income. Feasibility studies are needed before starting a rubber plantation business, because every business has an uncertainty factor that needs to be considered in its operations. This study aims to determine the financial feasibility of smallholder rubber plantations in North Malinau District, Malinau Regency. The method of determining the sample in this study is purposive sampling, which is a deliberate selection with the criteria that the authors have determined, namely: Farmers who cultivate rubber plantation commodities for more than 5 years and the area of smallholder rubber plantations is 1 ha. This research uses quantitative descriptive research, namely analyzing data by describing or describing the data as they are. This study uses a financial feasibility analysis method consisting of NPV, Net B/C, IRR, PP, and BEP. The results of the financial feasibility analysis of the smallholder rubber business were declared feasible, as evidenced by a positive NPV at a discount factor of 6%, an IRR greater than the prevailing interest rate (6%), and a Net B/C Ratio value greater than one. The payback period shows that this business will return its investment within 12 years 2 months 4 days. This business will experience a major opportunity when the volume of rubber production reaches 1,987 kg per production, or with a selling price of Rp 2,245/kg.