Analisis Kelayakan Finansial Jambu Biji (Psidium guajava L.) Varietas Cristal

Abstract

Crystal guava is one of guava variety which currently has the high opportunity and potential to be developed in Indonesia. Waaida Farm as a company engaged in crystal guava farming in Sumedang District can only meet 5,71% of its demand every year. Therefore, Waaida Farm needs to expand the cultivation area to optimize the crystal guava potential. The expansion constrained by financial source. Crystal guava farming in Waaida Farm is not bankable yet eventhough the business itself has run for six years. The objective of this research is to analyze financial feasibility of crystal guava farming at Waaida Farm. The research was conducted using qualitative descriptive design and case study technique. The data collection methods used were observation, interview and literature study. From the financial aspect, crystal guava farming at Waaida Farm is feasible to be implemented, based on the calculation results of investment criteria using interest rate of 18,75%. The calculation results of NPV is positive which is Rp 5.982.165, IRR is over the established interest rate which is 28,43%, Net B/C is greater than 1 which is 1,59, and payback period is 5 years, shorter than the project term analysis which is 10 years. The sensitivity analysis showed that the variable of the decreasing of production number is more sensitive than the variable of the increasing of production cost. Nevertheless, the 10 percents change of every variable still make the crystal guava farming feasible to be implemented.Keywords: Crystal Guava, Financial Feasibility