Feasibility analysis of paddy-fish (Minapadi) system business in Toraja, South Sulawesi

Abstract

Paddy-fish (Minapadi) is a fish and rice maintenance system at a particular time and in the same place. Generally, Paddy-fish activities are done in rice fields. The rice field constructs are slightly different from the patterns of excavations in some parts for puddles. This study aims to analyze the feasibility of the Paddy-fish business from four aspects: NPV, Net B/C, IRR, and PBP. Research has been conducted in Makale, Toraja, and South Sulawesi Province. The research method used was a quantitative approach by using a survey. The study was used open questionnaires. The data were collected by using the purposive sampling technique. It involved 30 respondents of farmers who do Paddy-fish activities. The data analysis method used was a financial analysis covering; estimated values of NPV, Net B/C, IRR (Internal Rate of Return) and PBP (Payback Period). The study shows that the Paddy-fish business is very feasible to strive. The four indicators of business feasibility show a decent indication of effort. NPV value was 13,139,008 where the value implies >0, net value B/C was 2.52 where the value implies >1.0, IRR value was 20.47% where the value implies >MARR (18%), and payback period value was 1,917,108 in the second year of business.