Financial feasibility analysis of skipjack tuna (Katsuwonus pelamis) catching in Bone bay, South Sulawesi, Indonesia

Abstract

Skipjack tuna (Katsuwonus pelamis) which was a type of fish not only a household consumption commodity in Indonesia, but also a superior commodity as an export from the fisheries sector in Indonesia. This study aims to analyze the financial feasibility of the skipjack tuna catching use pole and line, and hand line fishing gear in Bone bay, conducted from January to December 2018 in Luwu Regency and Sinjai Regency. The method used in this study is the survey research method with cluster random sampling of skipjack tuna fishermen. The data analysis used financial feasibility analysis consists of profit analysis and investment analysis includes Net Present Value (NPV), Net Benefit-Cost Ratio (Net B/C), and Internal Rate of Return (IRR). The results show that, in one year of catching skipjack tuna in Bone bay waters, the highest profit was found in fishing businesses use pole and line fishing gear of IDR 2,720,662,561. For fishing use hand line gear get profit in one year of IDR 450,810,385. From the acquisition of each investment analysis used above shows an analysis of the investment criteria obtained NPV > 0, net B/C > 1 and IRR > the prevailing interest rate (12%), so it can be concluded that these two types of fishing gear are feasible to be developed.