Financial Feasibility Analysis of Hydroponic Vegetable Farming in Sambutan District, Samarinda City, Indonesia
Nella Naomi Duakaju *
Agribusiness Study Program, Faculty of Agriculture, Mulawarman University Samarinda, Indonesia.
Erni Widiya Wati
Agribusiness Study Program, Faculty of Agriculture, Mulawarman University Samarinda, Indonesia.
Juraemi
Agribusiness Study Program, Faculty of Agriculture, Mulawarman University Samarinda, Indonesia.
*Author to whom correspondence should be addressed.
Abstract
Hydroponic vegetable farming requires a large investment to support its long-term sustainability. Therefore, careful calculations are needed so that the invested funds can generate profits. The purpose of this study was to analyze the income of hydroponic vegetable farming and the financial feasibility of hydroponic vegetable farming in Sambutan District. This study was conducted from October 2024 to December 2024 in Sambutan District, Samarinda City. The data collected consisted of: (1) primary data can be obtained through observation and interviews with informants; and (2) secondary data collected through literature studies of references, theories, and journals of previous research results that are relevant to the research to be conducted. The research sample was taken using the census method, with a total sample of 6 hydroponic vegetable farmers. The results of the study showed that the average investment cost incurred was IDR 104,539,583.33/respondent with an average operational cost incurred of IDR 127,245,900.00/respondent/year; the average income obtained was IDR 182,750,000.00/respondent/year with an average income obtained of IDR 54,968,596.14/respondent/year. The NPV obtained reached IDR 269,332,009.17; IRR of 59%; Net B/C value of 4.44 and a Payback period of 2 years 1 month. Sensitivity analysis with variables of 5% cost increase and 5% production decrease showed that the hydroponic business was feasible to run and provided positive results on the costs invested.
Keywords: Cost, income, financial feasibility, hydroponic vegetables