Analisis Kelayakan Finansial Penggunaan Bibit Bersertifikat Kelapa Sawit di Provinsi Kalimantan Barat

Abstract

Oil palm is one of Indonesia's non-oil and gas main export commodities. However, the productivity of oil palm, especially on smallholder oil palm plantation, is relatively low due to most farmers adopt noncertified seed. This study aims at assessing the impacts of oil palm certified seed and noncertified seed on production and farmers' income increase in West Kalimantan, as well as payback period of investment costs. A set of tools analysis were employed in this study, namely NPV, IRR, payback period, and ROI. The research results showed that the oil palm small holders adopting certified seed earned higher yield of 66.34% than those adopted noncertified seed. The first group also obtained higher NPV, IRR, and ROI of 79.45%, 31.84%, and 55.19%, respectively, than the latter. The farmers adopting certified seed were also able to return all investment more quickly. In the future, attempts to increase oil palm production should be prioritized through certified seed adoption and the planted area expansion. Enhancing certified seed production is necessary through oil palm experimental station capacity improvement in producing seed. The government should also encourage oil palm seed local producer along with strict supervision and guidance.