| dc.description.abstract | Forest clearing with the aim of land conversion results in the loss of most forest
land cover, which over time can increase the extinction rate for many animal and
plant species. Utilization of Non-Timber Forest Products (NTFP) is an alternative
to use forests without clearing forests completely, but also provides benefits to the
communities around the forest. NTFP are native forest products other than wood
taken from forests planted with agroforestry schemes. Agarwood is a NTFP
commodity with great potential if developed and utilized optimally. This study aims
to analyze farm income, analyze farm feasibility, and analyze the contribution value
of Aquilaria spp. farmers' income, in the Kemagahan Forest Farmer Group,
Bahorok District, Langkat Regency, North Sumatra. The analytical methods used
are income analysis and business feasibility analysis with the provisions of the
criteria of Net Present Value (NPV), Net Benefit Cost Ratio (BCR), Internal Rate
of Return (IRR), and Payback Period (PP) as a reference for feasibility assessment,
as well as the analysis of the contribution of farmers' income. The results of the
income analysis showed that the total cost of Rp 1,031,851,950 and total revenue
of Rp 2,013,935,000 during 2005-2022 resulted in a total income of Rp
982,083,050. The results of the business feasibility analysis in the form of NPV with
a value of Rp 506,173,192, Net B / C Ratio worth 1.5, IRR value of 5.83%, and PP
12.9 years, so it can be concluded that the business is in the feasible category. The
contribution value of the agarwood farming sector of 17% of the total income of
farmers shows that the agarwood farming sector in the Kemagahan Forest Farmer
Group is in a very low category | en_US |
