The Financial analysis of the catching of blue swimming crab (Portunus pelagicus) in South Konawe Regency, Southeast Sulawesi

Abstract

One of the important capture fisheries commodities in Southeast Sulawesi, especially small-scale fisheries, is blue swimming crab (Portunus pelagicus) using traps. The catching is said to be successful if it gets the maximum profit for the business actor. The use of different types of bait in trap results in different catches. The purpose of this study was to analyze the financial aspects which include costs, income, profits, and the level of financial feasibility of catching crabs using different baits, namely peperek fish and anchovies. The method used in this study is a survey method, namely by reviewing, observing and collecting information data directly in the field. The results of the study indicated that the variable costs incurred annually have a greater amount than the fixed costs. The biggest revenue from the crab catching business was by using peperek fish bait, with the profits being able to cover the costs incurred. Crab fishing business using peperek fish is said to be feasible and profitable as seen from the value of NPV, IRR, and B/C Ratio with the return on capital in the category of medium return on capital. Meanwhile, by using anchovy bait, there is a loss, where the revenue obtained cannot cover the costs incurred.

A cost benefit analysis of blue swimming crab gillnet fishery in Pangkajene Island, South Sulawesi

“…According to [19], increasing the R / C ratio can be done by reducing production costs by not using bait. According to [18] the financial analysis of crab fishing efforts in South Konawe, Southeast Sulawesi, the average value of the benefit cost ratio (B/C) of fishing efforts with collapsible traps using peppered fish bait is greater than 1 (2.19) if the value of B/C> 1 then the investment is feasible, whereas if using anchovy bait, the value of B/C <1 (0.5), then the investment is not feasible to carry out. According to [20], a business is said to be feasible and provide benefits if the B/C value is greater than one.…”

“…A faster return on investment capital is preferable because it shows smoother capital flow. The longer period of PP is on South Konawe [18], so using different baits requires different times. The best PP for catching crabs with folding traps using peppered fish bait is 1 year, 6 months, and 3 days, while when using anchovy bait due to losses, the PP value is 6 years, 9 months, and 10 days.…”