Analysis of farming businesses producing vermicompost based on earthworms as an alternative source of income for farmers

Nyoman Yudiarini; Ni Putu Anglila Amaral; Sophia Mae P. Mariano; Meriam F. Sulit; Nerily J. Victoria; Adriana Ndik; Maria Karvila Senia; Clarensa Indah Bulu

doi:10.21744/ijbem.v9n1.2459

Authors

Nyoman Yudiarini Faculty of Agriculture and Business, Mahasaraswati University, Denpasar, Indonesia
Ni Putu Anglila Amaral Faculty of Agriculture and Business, Mahasaraswati University, Denpasar, Indonesia
Sophia Mae P. Mariano Lecturers at BASC-Philippines
Meriam F. Sulit Lecturers at BASC-Philippines
Nerily J. Victoria Lecturers at BASC-Philippines
Adriana Ndik Faculty of Agriculture and Business, Mahasaraswati University, Denpasar, Indonesia
Maria Karvila Senia Faculty of Agriculture and Business, Mahasaraswati University, Denpasar, Indonesia
Clarensa Indah Bulu Faculty of Agriculture and Business, Mahasaraswati University, Denpasar, Indonesia

Keywords:

Vermicompost, Earthworms, Business feasibility, R/C ratio, Farmers' income

Abstract

This study aims to analyze the feasibility of vermicompost production based on earthworms as an alternative source of income for farmers. The research was conducted in Bunutin Village using cost, revenue, profit, and R/C ratio analysis methods. The results show that the total production cost per six-month cycle is IDR 3,644,164 with a gross income of IDR 4,423,812.50, resulting in a net profit of IDR 779,648.5. The R/C ratio of 1.21 and a payback period of eight months indicate that the business is financially feasible. This business has the potential to increase farmers' income through the sale of worms and vermicompost, although feed cost efficiency needs to be improved to increase profits.

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