Feasibility of snakehead fish hatchery (Channa striata) using a round pond in Labuan Amas Selatan district, Hulu Sungai Tengah regency, Kalimantan Selatan province, Indonesia

Abstract

This study aims to determine the technicalities and analyze the feasibility of snakehead fish (Chana striata) hatchery using round ponds in Labuan Amas Selatan District. The data collection methods used are observation, interviews, and documentation. The data analysis used is a qualitative descriptive analysis to determine the technical aspects of the fish hatchery, financial analysis to determine the feasibility of the business with profit analysis, Payback Period (PP), Break Event Point (BEP), Net Present Value (NPV), Net Benefit Cost (Net B/C), and Internal Rate of Return (IRR). The study results show that snakehead fish hatchery using round ponds produces snakehead fish seed in 7 cycles in one year; in each cycle, 6–10 pairs of snakehead fish are used, which can be spawned with an average nursery time of 1.5 months. Snakehead fish cultivation techniques include broodstock maintenance, broodstock selection, spawning, larval transfer and maintenance, nursery, harvesting, and marketing. The results of the business feasibility analysis obtained a profit value of IDR 63,465,000/year with a speedy return on investment for 1.64 years, the BEP value of production = 20,742 seed < the production value = 56,000 seed, and the BEP price of IDR 667/seed < the current price = IDR 1,800/seed. The NPV value at the hatchery reached IDR 366,007,925, meaning NPV > 0, Net B/C > 1 value of 4.62, and IRR value of 62.81%, which means it is greater than the current interest rate of 6%. Based on various financial analyses, the snakehead fish hatchery business using round ponds is profitable and feasible.