Profit Analysis of Beef Cattle Business on Sinar Pagi Livestock Group, in Limapuluh Kota District, West Sumatra
DOI:
https://doi.org/10.25077/alive.v1.n2.p156-163.2024Keywords:
beef cattle, group, profit analysis, West SumatraAbstract
This study aims to determine the income and analyze the profit level of the beef cattle business owned by the Sinar Pagi livestock group in Limapuluh Kota Regency, Sumatera Barat Province. This research contributes to the wider debate on improving rural livelihoods and achieving sustainable agricultural development, and is essential for understanding the profitability of smallholder livestock enterprises. The results of this research will provide insights into the financial sustainability of their operations and will inform strategies for the optimisation of their business performance. The research was carried out using a case study method with 16 key informants, also members of the Sinar Pagi livestock group. Data were analyzed with descriptive quantitative methods. The study results show that the income earned by this livestock group in one year of research is IDR 6,471,775, with a profit rate of 1.08/year. It can be concluded that the Sinar Pagi livestock group only gets a profit of 8%, and this profit has not been able to meet the needs of the farmer's life.
Downloads
References
Ardika, I., & Budhiasa, G. S. (2017). Analysis of the level of farmers' welfare in Bangli Village, Baturiti District, Tabanan Regency. Journal of Development Economics, 13(2), 87-96.
Central Statistics Agency. (2021). Central Statistics Agency. Taken back from the Central Statistics Agency: https://www.bps.go.id/
Balehegn, M., Duncan, A., Tolera, A., Ayantunde, A. A., Issa, S., Karimou, M., Zampaligré, N., André, K., Gnanda, I., Varijakshapanicker, P., Kebreab, E., Dubeux, J., Boote, K., Minta, M., Feyissa, F., & Adesogan, A. T. (2020). Increase the adoption of technologies and interventions to increase the supply of quality animal feed in low- and middle-income countries. Global Food Security, 26, 100372. https://doi.org/https://doi.org/10.1016/j.gfs.2020.100372
Chang, Y.M., Huang, B.W., & Chen, Y.J. (2012). Labor supply, income, and welfare of farmer households. Labor Economics, 19(3), 427–437. https://doi.org/10.1016/J.LABECO.2012.03.004
De Meulenaere, K. I. M., Boone, C., & Buyl, T. (2016). The role of company size moderation and job security. Journal of Organizational Behavior, 37(2), 193–212. https://www.jstor.org/stable/26610524
Edwin, T., & Alianta, A. A. (2021). Consumer Characteristics and Consumption Behavior in the Purchase of Livestock Products During the Covid-19 Pandemic. Animal Science Magazine, 24(2), 64-71.
Happyana, D. (2017). Analysis of the Profit Level of People's Beef Cattle Fattening Business in Wonogiri Regency. Scientific Journal of Integrated Animal Husbandry, 5(2), 33-39.
Indrayani, I., & Andri. (2018). Factors Affecting Beef Cattle Business Income in Sitiung District, Dharmasraya Regency. Indonesian Journal of Animal Husbandry, 20(3), 151-159.
Indrayani, I., & Hellyward, J. (2015). Optimizing Production and Maximizing ProfitsBeef Cattle Business with a Cattle-Oil Palm Integration System in Dharmasraya Regency. Indonesian Animal Husbandry Journal, 17(3), 187-194.
Ibrahim, Supamri, & Zainal. (2020). Analysis of Factors Affecting the Income of Beef Cattle Farmers in Lampasio District, ToliToli Regency, Central Sulawesi Province. Journal of Agricultural Socioeconomics, 13(3), 307-315.
Nurdayati, Fidin, N. I., & Supriyanto. (2020). The Influence of Farmer Characteristics on Dairy Goat Raising Motivation. Journal of Agricultural Extension Development, 17(32), 121-136.
Paul, P.O., Jane, O.O., & Nsisong, L. E-U. (2024). Innovations in fixed asset management: Enhancing efficiency through advanced tracking and maintenance systems. International Journal of Science and Technology Research Archive, 7(1), 019–026. https://doi.org/10.53771/ijstra.2024.7.1.0053
Purnomo, S. H., Sari, A. I., & Romadhona, N. D. (2021). Analysis of Profitability of Beef Cattle Farmers in Bangsri District, Jepara Regency. AGRILAN : Journal of Islands Agribusiness, 9(1), 88-100.
Romadhon, Good; Sutantri; (2021). Correlation of the Merger of Three Sharia Banks and Public Awareness of Sharia Banking Products. At-Tamwil Journal, 3(1), 86-98.
Rachmat, M. (2013). Farmer Exchange Rate: Measurement and Its Relevance as an Indicator of Farmer Welfare. Agroeconomic Research Forum, 31(2), 111-122.
Rizzo, G., Migliore, G., Schifani, G., & Vecchio, R. (2024). Key factors influencing farmers’ adoption of sustainable innovations: a systematic literature review and research agenda. Dalam Organic Agriculture (Vol. 14, Nomor 1, hlm. 57–84). Springer Science and Business Media B.V. https://doi.org/10.1007/s13165-023-00440-7
Ruzzante, S., Labarta, R., & Bilton, A. (2021). Adoption of agricultural technology in the developing world: A meta-analysis of the empirical literature. World Development, 146, 105599. https://doi.org/https://doi.org/10.1016/j.worlddev.2021.105599
Sahala, J., Widiati, R., & Baliarti, E. (2015). Analysis of the Financial Feasibility of the Ongole Peranakan Simental Cattle Fattening Business and Factors Affecting the Number of Ownership in People's Farms in Karanganyar Regency. Animal Husbandry Bulletin, 40(1), 75-82.
Sari, D. K., Haryono, D., & Rosanti, N. (2014). Analysis of Income and Household Welfare Level of Corn Farmers in Natar District, South Lampung Regency. Journal of Agribusiness, 2(1), 64-70.
Verma, S. (2006). Impact of Agricultural Mechanization on Production, Productivity, Cropping Intensity Income Generation and Employment of Labour.
Zélity, B. (2023). Age diversity and aggregate productivity. Journal of Population Economics, 36(3), 1863–1899. https://doi.org/10.1007/s00148-022-00911-3
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
