Financial Feasibility Analysis of Crystal Guava Cultivation in Bantarsari Village, Bogor
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Abstract
Bantarsari Village, Rancabungur Sub-district, Bogor Regency, is known as the National Crystal Guava Village. However, as long as this business has been running, there has never been an analysis of financial feasibility. For this reason, this study was made with the aim of analyzing the financial feasibility of crystal guava cultivation in Bantarsari Village based on indicators of NPV, IRR, Net B/C, PP and sensitivity analysis to a 5% decrease in price and 10% decrease in production. The results showed that this cultivation is financially feasible with an NPV value of IDR. 187,308,181, IRR of 20%, Net B/C of 1.41, and PP for 3 years and 7 months; even in the scenario of a 5% decrease in selling prices and 10% production, the business remains feasible. Therefore, based on the results of this study, it is known that the crystal guava cultivation business in Bantarsari Village is financially feasible to run because it is financially profitable, and has the resilience to business risks such as a decrease in selling prices and a decrease in production
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Wilistanti, M. G., Gandhy, A. . and Syafaat, F. . (2025) “Financial Feasibility Analysis of Crystal Guava Cultivation in Bantarsari Village, Bogor”, Jurnal Mantik, 9(2), pp. 588-598. doi: 10.35335/mantik.v8i6.6436.
References
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Hardini, S. Y. K., & Gandhy, A. (2020). Cost of Goods Analysis of Household Scale Black Solider Fly (Hermetia Illucenes) Larval Cultivation Business. Integrated Farming System in Farmer Empowerment, 299–307.
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Saikhu, M., Agustin, W. T., & Priyanto, B. (2023). Financial Analysis of Crystal Guava Cultivation Business in Tlekung Village, Junrejo District, Batu City, East Java. AGRITROP: Journal of Agricultural Sciences., 100–104.
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Silviani, D. A., Arimuljarto, N., & Syafaat, F. (2024). Financial Feasibility Analysis of Tarpaulin Pond Fish Cultivation Business in Grantung Village, Purworejo Regency, Central Java. NAMARA: Journal of Primary Management, 1(4).
Sumbodo, B. T., Mujamil, T., Ducati, D., & Ika, S. R. (2023). Business Feasibility and Development Strategy of Oyster Mushroom Farming in Pandowoharjo Village, Yogyakarta (Vol. 2). Atlantis Press International B.V. https://doi.org/10.2991/978-94-6463-160-9_4
Sunardi, Prihantono, E. Y., Harmadji, D. E., Risfandini, A., & Prasetyo, P. D. (2022). Business Feasibility Analysis with Financial and Market Aspect Approaches: Case Study of Perumda Aneka Usaha Seger Jombang (Afandi (ed.)). Bitread Publishing. https://eprints.unmer.ac.id/id/eprint/3111/%0Ahttps://eprints.unmer.ac.id/id/eprint/3111/1/Analisis Business Feasibility.pdf
Wilistanti, M. G., & Patra, E. (2024). Financial Analysis of Processed Yellow Seasoned Catfish (Clarias Sp.) Products in the Rajawali Women Farmers Group (KWT). In S. S. Azahra (Ed.), The Fifth International Research Conference on Management and Business (5th IRCMB) (Issue August, pp. 3370-3380). Management Study Program Faculty of Economics, State University of Jakarta & Indonesian.
Wulandari, L., Siregar, H., & Tanjung, H. (2017). Investment and Sensitivity Analysis of Sharia Financing Business Units towards Spin Off (Case Study: Adira Finance). Al-Muzara'ah Journal,5 (2), 125-133. https://doi.org/10.29244/jam.5.2.125-133
Amelia, S., Nurrohman, M. R., Anggraini, V., Dewi, B. A., & Gandhy, A. (2024). Community Empowerment in Utilizing Crystal Guava through Soft Candy Innovation Products. Jurnal Abdimas Indonesia,4 (3), 819-825. https://doi.org/10.53769/jai.v4i3.883
Aminah, S. (2022). Social Interaction Between Immigrant Communities and Local Communities. 10–11.
Central Bureau of Statistics. (2024). Fruit Crop Production, 2021-2023. https://www.bps.go.id/id/statistics-table/2/NjIjMg==/produksi-tanaman-buah-buahan.html
BPS Bogor Regency. (2024). Kecamatan Rancabungur in Figures 2024 (Vol. 23).
Datundugon, S. P. S., Elly, F. H., & Kalangi, J. K. J. (2020). Financial Feasibility Analysis of Crystal Guava (Psidium Guajava L.) Farming (Case Study: Crystal Guava Farmers in Warisa Village, Talawaan District, North Minahasa Regency). Agri-Socioeconomics,16 (3), 469-478. https://doi.org/10.35791/agrsosek.16.3.2020.31185
Ermawati, N., & Hidayanti, A. N. (2022). Business feasibility study. In R. W. Oktaviani, D. A. Fatmala, & A. H. Titahwening (Eds.), Publishing Agency of Muria Kudus University. Universitas Muria Kudus Editorial.
Gandhy, A., Koen, E. S., & Gumilang, A. S. P. (2025). Financial Feasibility Analysis of Black Soldier Fly (Hermetia illucens) Cultivation Business in Bogor, West Java. Proceeding International Seminar of Science and Technology,4 . https://doi.org/https://doi.org/10.33830/isst.v4i1.5240
Gandhy, A., Qodriah, W., & Wilistanti, M. G. (2025). Financial Analysis of Cayenne Pepper and Kenyan Chickpea Intercropping Farming at Gapoktan Wargi Panggupay, Suntenjaya Village, Lembang. 4.
Gandhy, A., & Sutanto, D. (2017). Financial and Sensitivity Analysis of Broiler Chicken Farm Pt. Bogor Eco Farming, Bogor Regency. OPTIMA Journal,1 (1), 1-11. http://repositorio.unan.edu.ni/2986/1/5624.pdf%0Ahttp://fiskal.kemenkeu.go.id/ejournal%0Ahttp://dx. doi.org/10.1016/j.cirp.2016.06.001%0Ahttp://dx.doi.org/10.1016/j.powtec.2016.12.055%0Ahttps://doi.org/10.1016/j.ijfatigue.2019.02.006%0Ahttps://doi.org/10.1
Gumilang, A. S. P., Gandhy, A., & Prasetyo, B. D. (2024). Digital Marketing Development Strategy to Increase the Number of Tourists. JIMKES: Scientific Union Management,12 (6). https://doi.org/10.37641/jimkes.v12i6.2904
Handayu, K. (2020). Feasibility Study Using Simulation Based Net Present Value Analysis (Case Study in Kopen Coffee, Yogyakarta). Islamic University of Indonesia.
Hardini, S. Y. K., & Gandhy, A. (2020). Cost of Goods Analysis of Household Scale Black Solider Fly (Hermetia Illucenes) Larval Cultivation Business. Integrated Farming System in Farmer Empowerment, 299–307.
Hasugian, I. A., Ingrid, F., & Wardana, K. (2020). Feasibility and Sensitivity Analysis of Case Study of Mochi SMEs in Medan Selayang District. Main Bulletin of Engineering, 15(2).
Public Relations DG Horticulture. (2023). Knowing Crystal Guava. Horticulture.Pertanian.Go.Id. https://hortikultura.pertanian.go.id/mengenal-jambu-kristal/
Novitasari, D., & Syarifah, R. N. K. (2020). Financial Feasibility Analysis of Lettuce Cultivation with Simple Hydroponics at Household Scale. SEPA: Journal of Agricultural Socio-Economics and Agribusiness,17 (1), 19-23. https://doi.org/10.20961/sepa.v17i1.38060
Putra, M. F. D., & Sakinah, Y. P. (2024). Sensitivity Analysis on the Financial Feasibility of Lemongrass Farming in Solok City. JUMAKET: Journal of Entrepreneurship and Technology Management,1 (2), 98-115. https://doi.org/10.61132/jumaket.v1i2.181
Rusmayandi, P., Isyanto, A. Y., & Benidzar, M. (2023). Potential of Crystal Guava Agribusiness in Neglasari Village, Jatiwaras District, Tasikmalaya Regency.. 857–868.
Saikhu, M., Agustin, W. T., & Priyanto, B. (2023). Financial Analysis of Crystal Guava Cultivation Business in Tlekung Village, Junrejo District, Batu City, East Java. AGRITROP: Journal of Agricultural Sciences., 100–104.
Sihombing, Y. D., Abubakar, & Nur'azkiya, L. (2022). Feasibility Analysis of Crystal Guava (Psidium Guajava L.) Farming (Case Study: P4s Wira Tani in Tegal Sawah Village, East Karawang District, Karawang Regency). Galuh Agroinfo Student Scientific Journal, 9(3), 971–985.
Silviani, D. A., Arimuljarto, N., & Syafaat, F. (2024). Financial Feasibility Analysis of Tarpaulin Pond Fish Cultivation Business in Grantung Village, Purworejo Regency, Central Java. NAMARA: Journal of Primary Management, 1(4).
Sumbodo, B. T., Mujamil, T., Ducati, D., & Ika, S. R. (2023). Business Feasibility and Development Strategy of Oyster Mushroom Farming in Pandowoharjo Village, Yogyakarta (Vol. 2). Atlantis Press International B.V. https://doi.org/10.2991/978-94-6463-160-9_4
Sunardi, Prihantono, E. Y., Harmadji, D. E., Risfandini, A., & Prasetyo, P. D. (2022). Business Feasibility Analysis with Financial and Market Aspect Approaches: Case Study of Perumda Aneka Usaha Seger Jombang (Afandi (ed.)). Bitread Publishing. https://eprints.unmer.ac.id/id/eprint/3111/%0Ahttps://eprints.unmer.ac.id/id/eprint/3111/1/Analisis Business Feasibility.pdf
Wilistanti, M. G., & Patra, E. (2024). Financial Analysis of Processed Yellow Seasoned Catfish (Clarias Sp.) Products in the Rajawali Women Farmers Group (KWT). In S. S. Azahra (Ed.), The Fifth International Research Conference on Management and Business (5th IRCMB) (Issue August, pp. 3370-3380). Management Study Program Faculty of Economics, State University of Jakarta & Indonesian.
Wulandari, L., Siregar, H., & Tanjung, H. (2017). Investment and Sensitivity Analysis of Sharia Financing Business Units towards Spin Off (Case Study: Adira Finance). Al-Muzara'ah Journal,5 (2), 125-133. https://doi.org/10.29244/jam.5.2.125-133
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