Research Article
Commodity Financial Analysis from Peatland Mapping Results to Encourage Regional Economic Growth
@INPROCEEDINGS{10.4108/eai.13-9-2023.2341185, author={Yelly Zamaya and Arifudin Arifudin and Taryono Taryono and Rizky Rizaldi and Fichran Vachroni}, title={Commodity Financial Analysis from Peatland Mapping Results to Encourage Regional Economic Growth}, proceedings={Proceedings of the 6th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2023, 13-14 September 2023, Bandar Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICEBE}, year={2023}, month={12}, keywords={financial analysis peatland commodities}, doi={10.4108/eai.13-9-2023.2341185} }- Yelly Zamaya
Arifudin Arifudin
Taryono Taryono
Rizky Rizaldi
Fichran Vachroni
Year: 2023
Commodity Financial Analysis from Peatland Mapping Results to Encourage Regional Economic Growth
ICEBE
EAI
DOI: 10.4108/eai.13-9-2023.2341185
Abstract
Mapping the economic sector in the regions aims to create regionally superior products, increase income, and improve people's welfare with conditions that must be carried out optimally by the community together with the local government. This research was conducted in Rengat District, Riau Province, where the dominant area is peatland. Based on the research results for mapping the potential of peatlands using the Analytical Hierarchy Process method, which was carried out previously, the agricultural sector has the potential to fulfill local food consumption. These commodities are corn, vegetables, bananas, pond fish, and rice. Financial analysis is carried out by looking at the revenue and profit generated from the commodity being cultivated. Corn is a very economically profitable commodity when grown on peatlands. Corn produces good yields and sales value, market share is available, the planting process is efficient and effective, and it is more pest-resistant. In the results of the financial analysis by calculating the R/C ratio, it was found that corn has the highest value, namely 2.70, which means above 1, which is feasible to develop on peat land in Rengat District, while rice with an R/C value <1 is not feasible to develop
