Financial Analysis of Beekeeping Practices at Acacia crassicarpa Plantation Forest in Riau Province, Indonesia

Abstract

One environmental service provided by A. crassicarpa plantation is extrafloral nectar which has been widely used for beekeeping since 2019. Nevertheless, nowadays between apiaries practiced unfair competition since there were price fall led by oversupply and low demand after covid pandemic ended. Thus, evaluating the cost structure, profitability, and its feasibility value are critically required. The study's objectives were to 1) evaluate cost structure, revenue and profitability and 2) to conduct a feasibility analysis of each apiary type. This study was conducted from in 2019 to 2022 at the Siak Regency, Riau, Indonesia. Structure interviews combined with desk studies were carried out to collect the data. Data were analyzed based on cost structure, revenue, profitability, and feasibility analysis. All types of apiaries were feasible since they could cover variable and fixed costs. However, it revealed that all types of apiaries experienced minus in profitability in the fourth of financial year. In general, variable cost relatively increased to the level of 50% of total cost in the fourth year. In contrast, fixed cost was relatively declined to less than 50%. Apiaries managed two rits had a better performance in cost structure to face the competitive market followed by apiaries managed three rit. Meanwhile, apiaries managed rit one experienced such a difficult challenge to survive.

Evaluation of Honey Production for Industry Purposes, The Case of Beekeeping with Apis Mellifera in Indonesia After The Covid-19 Pandemic

“…Acacia provides extrafloral nectar secreted continuously from each young leaf (Kusuma et al, 2023). The nectar secretion volume of A. crassicarpa aged 12 and 50 months can produce nectar of 47.74 and 73.76 liters/ha/day (Pribadi et al 2023). The high nectar secretion activity that lasts throughout the year makes acacia plants an excellent food source to support honey beekeeping, as shown by the results of this research.…”

“…The honey harvesting period is between March and October if the local climates are favorable and are not hampered by high rainfall. That is why the productivity of A. mellifera in acacia plantation forest areas is relatively high, and it can be 68 kg/colony/year (Pribadi et al, 2023).…”

“…It has increased greatly fast, especially in A. mellifera and stingless bees. Mellifera business is beautiful and involves lots of new perpetrators and new areas for developing the new bee business, specifically in Sumatra with the acacia plantation within the forest area in Jambi Province (Attia et al, 2022) and Riau (Pribadi et al, 2023).…”

“…The study aims to understand and interpret the dynamics of A. mellifera honey production. This research is expected to show how production, processing, distribution, and consumption can influence each other and how external and internal factors can influence the dynamics (Pribadi et al, 2023).…”

Small and Medium Scales Business Development Model and Value Chain of Apis mellifera L. Bee Cultivation in Riau Province

“…The A. crassicarpa could produce abundant nectar all year long. It contrasted with beekeeping in Java, where beekeepers relied more prevalent on flowers (Handayani et al 2022;Pribadi et al 2023;Suhesti et al 2023). The oil palm plantations became the source of pollen, a protein source responsible for the physiological and immune functions of worker, male, and queen bees (Bryś et al 2021;Hassan 2011).…”