Profitability of Fish Culture Using Budikdamber System Under Water Quality Control in Kediri City, Indonesia

Abstract

Budikdamber catfish business is one of fish cultivating method using bucket as rearing media that does not require large areas of land and large capital. The aim of this research is to analyze the effect of water quality on the profitability and financial feasibility of Budikdamber catfish business which using bucket media. The data analysis used in this research is water quality analysis, profitability and financial feasibility. The results of water quality measurements during the maintenance period were within normal limits based on the parameters of the average water temperature during maintenance range 27-31°C, pH values range 6.8-7.2, dissolved oxygen obtained at 5 – 6 mg/l, and ammonia results obtained at 0.5 -1.0 mg/L. Good water quality results in profitability parameters in the form of R/C of 2.98, a profit of IDR. 6,665,467, BEPs worth Rp. 512,687, BEPu of 26 Kg, and profitability of 174%. Meanwhile, the financial feasibility parameters produce an NPV value of IDR 10,660,120, an IRR of 22%, a B/C of 1.41 and a PP of 1.4 years so that the profitability and financial feasibility parameters showed Budikdamber catfish business is profitable and feasible. In addition, Budikdamber catfish business is not very sensitive to changes in operational costs and reduced benefits. In 1st scenario, costs increase by 40% and benefits decrease by 47.8%, in 2nd scenario, costs increase by 63.3% and benefits decrease by 40%, in 3rd scenario, costs up 183%, and 4th scenario benefits down 61.2%.