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Financial Feasibility Analysis of Capture Fisheries as a Basis for Socio-Economic Policy for Fishermen in West Tegal District, Tegal City, Central Java

PONGGAWA : Journal of Fisheries Socio-Economic · Vol. UME No. MOR (2026) · hlm. 58–72

DOI
10.35911/w1g4rp34
ISSN
2775-7196
Terbit
2026-08-14
Penerbit
Program Studi Sosial Ekonomi Perikanan, Fakultas Ilmu Kelautan dan Perikanan, Universitas Hasanuddin
Bahasa
en

Abstrak

Small-scale capture fisheries play an important role in supporting the livelihoods and economies of coastal communities; however, their sustainability is strongly influenced by business feasibility and appropriate policy support. This study aims to analyze the financial feasibility of capture fisheries as a basis for formulating socio-economic policies for fishers in West Tegal District, Tegal City. The study employed purposive sampling involving 65 fishers as respondents. Primary data were collected through interviews with fishers, while secondary data were obtained from relevant government institutions. The analysis used a socio-economic approach based on business and investment feasibility indicators, including the Revenue-Cost (R/C) Ratio, Break-Even Point (BEP), Payback Period (PP), Return on Investment (ROI), Net Present Value (NPV), and Internal Rate of Return (IRR). The results indicate that capture fisheries businesses in the study area are economically feasible, as demonstrated by an R/C Ratio of 3.8, an ROI of 36%, an NPV of IDR 570.37 million, and an IRR of 37.44%. These findings indicate that the sustainability of fishers' livelihoods is determined not only by technical production aspects but also by appropriate financing policies and effective management of fishing assets. Therefore, the findings provide a basis for formulating policies that support small-scale fishers through improved access to financing, fishing fleet renewal, and strengthened fisher capacity and institutional arrangements at the local level, as a foundation for socio-economic policies for small-scale capture fisheries.

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  • Universitas Islam Negeri Ar-Raniry
  • Hasanuddin University
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Rekan penulisOrganisasiArtikel bersama
SRI WAHYUNIHasanuddin University1
Alber AlberAfiliasi tidak diketahui1
Desi SukentiAfiliasi tidak diketahui1
Fauzul EtfitaAfiliasi tidak diketahui1
Zulhafizh ZulhafizhAfiliasi tidak diketahui1
Ruslan RuslanUniversitas Islam Negeri Ar-Raniry1
Anggia Fitra HutapeaUniversitas Islam Negeri Ar-Raniry1
Rizky Aries MunandarUniversitas Islam Negeri Ar-Raniry1
Nurrahmi NurrahmiUniversitas Islam Negeri Ar-Raniry1
Syukrinur SyukrinurAfiliasi tidak diketahui1
Wilda QanitaAfiliasi tidak diketahui1

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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/ponggawa/oai, pertama di-harvest 2 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">Financial Feasibility Analysis of Capture Fisheries as a Basis for Socio-Economic Policy for Fishermen in West Tegal District, Tegal City, Central Java</dc:title>
	<dc:creator xml:lang="en">Asnawi, Asnawi</dc:creator>
	<dc:creator xml:lang="en">Hasan, O.D. Soebhakti</dc:creator>
	<dc:creator xml:lang="en">Sobariah, Sobariah</dc:creator>
	<dc:creator xml:lang="en">Hamzah, Irman Nur</dc:creator>
	<dc:subject xml:lang="en">capture fisheries</dc:subject>
	<dc:subject xml:lang="en">business feasibility</dc:subject>
	<dc:subject xml:lang="en">socio-economic</dc:subject>
	<dc:subject xml:lang="en">small-scale fishers</dc:subject>
	<dc:subject xml:lang="en">fisheries policy</dc:subject>
	<dc:description xml:lang="en">Small-scale capture fisheries play an important role in supporting the livelihoods and economies of coastal communities; however, their sustainability is strongly influenced by business feasibility and appropriate policy support. This study aims to analyze the financial feasibility of capture fisheries as a basis for formulating socio-economic policies for fishers in West Tegal District, Tegal City. The study employed purposive sampling involving 65 fishers as respondents. Primary data were collected through interviews with fishers, while secondary data were obtained from relevant government institutions. The analysis used a socio-economic approach based on business and investment feasibility indicators, including the Revenue-Cost (R/C) Ratio, Break-Even Point (BEP), Payback Period (PP), Return on Investment (ROI), Net Present Value (NPV), and Internal Rate of Return (IRR). The results indicate that capture fisheries businesses in the study area are economically feasible, as demonstrated by an R/C Ratio of 3.8, an ROI of 36%, an NPV of IDR 570.37 million, and an IRR of 37.44%. These findings indicate that the sustainability of fishers' livelihoods is determined not only by technical production aspects but also by appropriate financing policies and effective management of fishing assets. Therefore, the findings provide a basis for formulating policies that support small-scale fishers through improved access to financing, fishing fleet renewal, and strengthened fisher capacity and institutional arrangements at the local level, as a foundation for socio-economic policies for small-scale capture fisheries.</dc:description>
	<dc:publisher xml:lang="en">Program Studi Sosial Ekonomi Perikanan, Fakultas Ilmu Kelautan dan Perikanan, Universitas Hasanuddin </dc:publisher>
	<dc:date>2026-08-14</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unhas.ac.id/index.php/ponggawa/article/view/51833</dc:identifier>
	<dc:identifier>10.35911/w1g4rp34</dc:identifier>
	<dc:source xml:lang="en">PONGGAWA : Journal of Fisheries Socio-Economic; VOLUME 6, NOMOR 2, NOVEMBER 2026; 58-72</dc:source>
	<dc:source>2775-7196</dc:source>
	<dc:source>10.35911/051edp69</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://journal.unhas.ac.id/index.php/ponggawa/article/view/51833/14884</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2026 PONGGAWA : Journal of Fisheries Socio-Economic</dc:rights>
</oai_dc:dc>