Financial Feasibility Study of Hydroponic Vegetables Business (A Case Study on Serua Farm, Kota Depok)

Nursahib, Farida

doi:10.17762/pae.v58i1.748

Cited by 3 publications

(1 citation statement)

References 4 publications

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“…This shows that IDR 3,080,000 is made in profit for every IDR 1,000,000 put in agricultural expenses. Hydroponic technology, characterized by its ability to maximize plant density in limited spaces, augments production and profitability (Nursahib, et al, 2021). The feasibility of the R/C ratio hinges on total receipts vis-à-vis overall costs incurred.…”

Section: Analysis Of Spinach Hydroponic Vegetable Farming Businessmentioning

confidence: 99%

Business Analysis and Vegetable Hydroponic Marketing

Gustami Harahap,

Siswa Panjang Hernosa,

Mitra Musika Lubis

et al. 2024

J. AGRISEP: Kaj. Mas. Sos. Ek. Pert. n. Agr.

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The purpose of this research is 1) To find out how much income hydroponic spinach farming is in Percut Sei Tuan District; 2) To determine the feasibility of hydroponic spinach farming in Percut Sei Tuan District; 3) To find out the marketing efficiency of hydroponic spinach farming in Percut Sei Tuan District. This research was conducted in Percut Sei Tuan District, Deli Serdang Regency, in December 2022. With a sample of 23 respondents, 8 owned hydroponic businesses, three collectors, five wholesalers, and seven consumers. The data used are primary data from interviews with questionnaires to find the 1st objective by the R/C ratio business feasibility analysis; the share margin analyzed for the 3rd objective. Based on the research, the results obtained: 1) the average income of hydroponic spinach vegetable farmers is IDR. 13,393,328 per planting period with an average land area of 294.50; 2) Farming is feasible with R/C Ratio >1, which is 3.08, Volume BEP Value = 347,98 kg, BEP price value = IDR 8,237, Payback Period (PP) value = 0,33; 3) the three marketing channels are considered efficient, where the efficiency value is < 50%. Channel I is worth 1,47%, Channel II is 1,51%, and Channel III is 1,1%.

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Section: Analysis Of Spinach Hydroponic Vegetable Farming Businessmentioning

confidence: 99%

Business Analysis and Vegetable Hydroponic Marketing

Gustami Harahap,

Siswa Panjang Hernosa,

Mitra Musika Lubis

et al. 2024

J. AGRISEP: Kaj. Mas. Sos. Ek. Pert. n. Agr.

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A Sustainable Holistic Approach of Hydroponic Farming for Reclaiming, and Rehabilitating Wastewater: A Review

Nazir,

Roy,

Saha

et al. 2024

Water Air Soil Pollut

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Assessing the Different Economic Feasibility Scenarios of a Hydroponic Tomato Greenhouse Farm: A Case Study from Western Greece

Michalis,

Giatra,

Skordos

et al. 2023

Sustainability

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Among other agricultural systems that can contribute to sustainable food production, hydroponic systems are constantly gaining attention in terms of their economic viability and sustainability, while their ability to produce nutritious food has become more apparent in recent decades. The purpose of the study is to shed light on the potential of hydroponics to conduce sustainable food production systems, by focusing on the economic evaluation of a hydroponic greenhouse farm located in Western Greece. Particularly, the study aims at presenting an investment plan for a greenhouse farm of a total acreage of 0.2 hectares, where fresh tomato will be produced via hydroponic methods. The appraisal of the economic viability of the investment plan covers a 5-year period, while the Net Present Value (NPV) and the Internal Rate of Return (IRR) are used as criteria of feasibility and performance assessment. The study uses detailed technical and economic data—related to all costs and benefits deriving from the annual operation of the greenhouse farm—to assess three different economic feasibility scenarios based on the range of input, energy and product prices, taking into account the high volatility governing agricultural markets. The results show that economic viability is achieved during the 5-year assessment period in most scenarios, which is mainly due to the efficiency of the hydroponic systems. Investment performance indicators are adverse only for an “extreme” scenario with increased installation and production costs that are not counterbalanced by higher product prices or by financial support from the State. Despite the promising perspectives of hydroponics in Greece, its use is not yet widespread within the country. Further research should explore ways to increase adoption of such production methods, considering that immediate action is needed worldwide to improve the resilience of the food industry and promote environmentally friendly food production systems.

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Financial Feasibility Study of Hydroponic Vegetables Business (A Case Study on Serua Farm, Kota Depok)

Cited by 3 publications

References 4 publications

Business Analysis and Vegetable Hydroponic Marketing

Business Analysis and Vegetable Hydroponic Marketing

A Sustainable Holistic Approach of Hydroponic Farming for Reclaiming, and Rehabilitating Wastewater: A Review

Assessing the Different Economic Feasibility Scenarios of a Hydroponic Tomato Greenhouse Farm: A Case Study from Western Greece

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