Financial Feasibility of Investing in Smallholder Cow-Calf Cooperatives in Baluran National Park

Abstract

Livestock grazing is a major driver of human-wildlife confl ict in conservation areas. Currently, it is estimated that 3000 heads of cattle illegally grazing within Baluran National Park (BNP) in East Java. The recent research has suggested the potential of livestock system intensifi cation to reduce land-use and confl ict through conservation priorities. The research goal was to investigate the fi nancial feasibility of starting intensive cow-calf cooperatives by smallholders in the BNP area. Data were collected using Farm surveys in a Criterion sampling design. Optimal herd management plans were generated using whole farm Linear Programming and fi nancial feasibility was assessed using Discounted cash-fl ow analysis and debt-servicing capabilities. Investment lifetime was set at 15 years and four alternative varieties of cattle were taken from Bali, Peranakan Ongole, Limousin and Simmental. Results show that investing in all varieties represents a positive investment opportunity. Bali cattle obtaining the highest NPV ($53.769), IRR (14,25%) and B/C ratio (1,13). Farmer income can be increased by 163% by combining additional Off-farm labor. However, debt-servicing capabilities of cow-calf cooperative activities showed that the loan principal can only be repaid in the 10 th year instead of the maximum eight years set by the government cow-calf credit scheme. We urge the government to reconsider either the grace period or the repayment time of the credit scheme to better fi t the cash-fl ow characteristics of cow-calf enterprises. Keywords : cash-fl ow analysis; human-wildlife confl ict; linear programming; livestock grazing INTISARI

ANALISIS KELAYAKAN USAHA TERNAK SAPI POTONG DI KECAMATAN RAIMANUK KABUPATEN BELU (Feasibility analysis of beef cattle business in Raimanuk Sub-District of Belu)

“…Suatu usahatani pembibitan sapi potong dikatakan layak untuk dijalankan apabila NPV bernilai positif (Emawati et al, 2008;Juhasz, 2011;Rademarker et al, 2017) Net B/C merupakan perbandingan antara present value dari net benefit yang positif dengan present value dari net benefit yang negatif (Soekartawi, 2006). Hasil penelitian menunjukkan bahwa nilai Net B/C sebesar 1,96 satuan artinya setiap penambahan biaya sebesar satu satuan akan diperoleh manfaat bersih sebesar 1,96 satuan, sehingga usaha ternak sapi potong ini layak diusahakan dan dilanjutkan.…”

Analisis finansial usaha sapi potong peternakan rakyat di Kecamatan Sebulu Kabupaten Kutai Kartanegara

“…Analisis usaha sapi potong peternakan rakyat di Kecamatan Sebulu dilaksanakan melalui beberapa model analisis perhitungan yang meliputi (Rademarker et al, 2017;Anis et al, 2015;Juhasz, 2011;Gittinger, 1986): BEP, BCR, PP, NPV dan IRR, dihitung berdasarkan penjualan setiap unit ternak (Tabel 3).…”

“…Net present value atau nilai selisih sekarang merupakan selisih antara present value dari penerimaan, dengan present value biaya atau pengeluaran. Penentuan NVP harus diawali dengan penetapan bunga bank present value (benefit maupun cost) yang akan digunakan untuk menghitung (Rademarker et al, 2017;Anis et al, 2015;Juhász, 2011;Gittinger, 1986). Analisis menggunakan metode NPV dengan tingkat bunga yang diinginkan mengikuti bunga bank yang berlaku sekarang, dan telah ditetapkan sejak awal.…”