Comparison of financial feasibility between hybrid maize farming for seed production and feed production in Bone District, South Sulawesi

Abstract

Maize is one of the most important food commodities after rice in Indonesia. The maize productivity improvement program is expected not only to be able to increase production but also to increase farmers’ income so that the self-sufficiency that you want to achieve can be realized. This study aims to compare the financial feasibility of hybrid maize farming for seed production and hybrid maize farming for feed production. This research is comparative research, with a total sample of 100 farmers selected by purposive sampling. Research data were collected through questionnaires and interviews. The method used to calculate feasibility uses the R/C ratio and B/C ratio, as well as the average test (t-test) of the difference in feasibility for the two farms. The results showed that the feasibility value of hybrid maize farming for seed and feed production respectively gave an R/C ratio of 2.0 and 2.3; and a B/C ratio of 1 and 1.3. There is a difference in feasibility between hybrid maize farming for seed production and feed production with the average different test results, where the value of tcount > ttable. The different test values (t-test) for the R/C ratio is 3.928 while for the B/C ratio is 2.387. Based on the calculation of financial feasibility, hybrid maize farming for feed production is more feasible (profitable) to be cultivated compared to hybrid maize farming for seed production. From this research, it is hoped that it will provide information to farmers in choosing which farming business to cultivate.