Abstract
This study aims to analyze financial feasibility and develop strategies for developing Black Souldier Fly (BSF) maggot cultivation business. The research location in Omah Maggot Warna Warni, which is located in the village of Puntir Martopuro, Purwosari Pasuruan, was chosen with the consideration of having good prospects for BSF maggot cultivation. Respondents include 4 resource persons who are directly involved in maggot cultivation. The analysis used is a quantitative financial analysis by calculating the value (Net B/C, NPV, IRR, and Payback Period and BEP) with a discount factor (DF) of 11 percent. Sensitivity analysis was used to determine the sensitivity of BSF maggot cultivation to a decrease in production which was conditioned by a 10% to 40% decrease in production. Descriptive analysis with SWOT analysis is used to find strategies for developing Maggot Cultivation Business. The results showed that maggot cultivation was profitable to cultivate. This business is feasible because the NPV and Net B/C values are greater than 1, and the IRR value is higher than the interest rate. Based on the SWOT analysis, it shows that the position of the internal-external matrix of the Omah Maggot Warna Warni maggot cultivation business is in quadrant II or the growth and development strategy with the IFAS factor value of 2.39 and EFAS 3.03. This phase shows that the colorful Omah Maggot maggot cultivation business is undergoing a growth stage and must be developed because it has great potential to develop. The priority of the BSF maggot cultivation development strategy is to improve the quality of maggots, expand network marketing, and increase the use of cultivation technology and collaborate with the local government for the development of the Colorful Omah Maggot maggot cultivation business.
Highlights
The corona pandemic has an impact on the weakening of the rupiah and the supply of feed raw materials, especially feed additives, is hampered
The ability of the insect called Black Soldier Fly (BSF) is very unique because it can break down waste and produce high protein for fish feed needs
REVIEW LITERATUR Maggot is an organism derived from the Black Soldier Fly (BSF) egg, in the second phase of metamorphosis after the egg phase and before the pupa phase which will later become an adult BSF [4]
Summary
The corona pandemic has an impact on the weakening of the rupiah and the supply of feed raw materials, especially feed additives, is hampered. The need for fish feed for aquaculture production is still very dependent on factory production, most of which raw materials must be imported. The fish feed is sold by the factory at a high price to cover production costs. For small-scale fish farmers, the price of the manufacturer's feed is very burdensome for their production costs. For this reason, the development of independent fish feed using alternative raw materials continues to be encouraged, to be produced in many areas throughout Indonesia. Insect cultivation is known to reduce organic waste that can pollute the environment Another advantage is that insectbased protein sources do not compete with humans so they are very suitable for use as animal feed ingredients, including poultry and fish [3]. Insect-based products must be safe from chemical contaminants
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of Economics, Finance And Management Studies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
