Analisis Kelayakan Finansial Budidaya Kopi Excelsa Berbasis Agroforestri: Studi Kasus Kecamatan Wonosalam, Jawa Timur.

Abstract

Kopi Excelsa merupakan salah satu komoditas perkebunan unggulan di Desa Wonosalam, Kecamatan Wonosalam, Kabupaten Jombang. Penelitian ini bertujuan menganalisis kelayakan finansial usaha budidaya kopi Excelsa pada tingkat pengolahan cherry, green bean, dan green bean bersubsidi. Analisis finansial dilakukan selama periode usaha 20 tahun menggunakan metode Discounted Cash Flow dengan indikator Net Present Value (NPV), Internal Rate of Return (IRR), Benefit-Cost Ratio (BCR), dan Payback Period. Analisis sensitivitas dilakukan terhadap penurunan harga jual dan kenaikan biaya produksi sebesar 20%. Hasil penelitian menunjukkan bahwa seluruh tingkat pengolahan kopi Excelsa layak untuk diusahakan. Tingkat pengolahan green bean bersubsidi memberikan nilai terbaik yaitu NPV sebesar Rp714.540.645,55/ha, BCR sebesar 5,44, IRR dan Payback Period yang tidak terdefinisi karena cash flow bernilai positif pada tahun 0. Sementara tingkat pengolahan cherry dan green bean juga menunjukkan nilai NPV, IRR, BCR, dan Payback Period yang memenuhi kriteria kelayakan finansial. Hasil analisis sensitivitas menunjukkan bahwa seluruh tingkat pengolahan tetap layak meskipun terjadi perubahan kondisi ekonomi dengan penurunan harga jual berpengaruh lebih besar terhadap indikator finansial dibandingkan kenaikan biaya produksi. Kata kunci: analisis finansial, kopi Excelsa, agroforestri, analisis sensitivitas, cash flow

Excelsa coffee is one of the leading agricultural commodities in Wonosalam Village, Wonosalam Subdistrict, Jombang Regency. This study aims to analyze the financial feasibility of Excelsa coffee cultivation at the cherry processing stage, the green bean stage without subsidies, and the green bean stage with machinery subsidies. The financial analysis was conducted over a 20-year business period using the Discounted Cash Flow method with indicators including Net Present Value (NPV), Internal Rate of Return (IRR), Benefit-Cost Ratio (BCR), and Payback Period. A sensitivity analysis was performed for a 20% decrease in selling price and a 20% increase in production costs. The results of the study indicate that all processing levels of Excelsa coffee are viable for cultivation. The green bean processing level with machine subsidies yields the best results an NPV of Rp714,540,645.55/ha, a BCR of 5.44, and an IRR and Payback Period that are undefined because the cash flow is positive in year 0. Meanwhile, the cherry and green bean processing levels without subsidies also demonstrate NPV, IRR, BCR, and Payback Period values that meet financial feasibility criteria. The results of the sensitivity analysis indicate that all processing levels remain viable even under changing economic conditions, with a decline in selling prices having a greater impact on financial indicators than an increase in production costs. Keywords: financial analysis, Excelsa coffee, agroforestry, sensitivity analysis, cash flow