Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait

Author: Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa

ijeab doi crossref DOI: 10.22161/ijeab.45.43

Keyword: Pole-and-Line, Milkfish, Anchovy, Business Analysis, and Investment Criteria.

Abstract: This study was conducted from May to July 2019 in Bitung City, North Sulawesi Province using pole-and-line vessels in Bitung Fishing Port (PPS Bitung).The method used in this study is a survey method with case studies. Some of the analyzes used: (1) comparative descriptive analysis; (2) business analysis; (3) criteria analysis for investment.The objectives of this study are to compare the level of financial feasibility anddetermine the level of difference between pole-and-line fishing businesses that use milkfish seed and those that use anchovy. The calculation results of business analysis of pole-and-line businesses that use milkfish seed and anchovy are based on the criteria of the businesses in gaining profits and a fast payback period, with an ROI value greater than the capital expense. Investment feasibility is based on the criterion value of an investment, that is NPV>0, Net B/C > 1, and IRR value > 10% interest rate so that pole-and-line business units that use either one of those live baitsmeet the requirements, especially business units that use anchovy. However, milkfish seed still deserves a development as an alternative bait, especially in the condition in which anchovy is difficult to find.

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Cite this Article:

MLA

Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa et al."Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait". International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878),vol 4, no. 5, 2019, pp.1567-1572 AI Publications doi:10.22161/ijeab.45.43

APA

Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa, P.(2019).Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait. International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).4(5), 1567-1572.10.22161/ijeab.45.43

Chicago

Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa, P.(2019).Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait. International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).4(5), pp.1567-1572.

Harvard

Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa. 2019."Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait". International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).4(5):1567-1572.Doi:10.22161/ijeab.45.43

IEEE

Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa."Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait", International Journal of Environment Agriculture and Biotechnology,vol.4,no. 5, pp.1567-1572,2019.

Bibtex

@article { achmadcahyorinaldi2019feasibility,
title={Feasibility of Pole-and-Line Fishery: Comparison of Milkfish (Chanoschanos, Forskal) and Anchovy (Stolephorussp) as Live Bait},
author={Achmad Cahyo Rinaldi, Sri Suro Adhawati, Achmar Mallawa , R},
journal={International Journal of Environment Agriculture and Biotechnology},
volume={4},
year= {2019} ,
}