Track: Engineering Economy

Abstract

Agriculture in Indonesia can be said to be less productive, and Indonesia still imports rice or other staple foods. Many factors make agriculture in Indonesia less productive. One of them is the ability of farmers to use technology to help farmers increase productivity. One of the technologies that farmers will need to make it easier to manage their farmland is Drone Technology, where this technology can make it easier for farmers to increase their crop productivity. Agricultural drones are divided into drone sprayers to spray pests and surveillance drones to survey and map agricultural land. Technology to help increase agricultural productivity is very important so that Indonesia will be able to become self-sufficient in food by producing its food. But in reality, there are still many farmers who lack the capital to buy technology and lack skills in using the technology. So this study was conducted to see how the techno-economic feasibility of the agricultural drone rental business. This study uses an investment feasibility analysis method to looking at the internal rate of return, payback period, and net present value. The results were obtained from the feasibility of technology by analyzing the Investor/capital owner, Business process, Target market, Form of cooperation, and Technological readiness. Then for economic feasibility, it is obtained that the investment in the agricultural drone rental business passes the payback period eligibility criteria, with a payback period of 2 years 10 months. The net present value of the investment is IDR 304,943,000. With the eligibility assessment criteria being an NPV value of more than IDR 0, it can be concluded that the investment in the agricultural drone rental business passes the net present value eligibility criteria. With the IRR level generated at 22.62% greater than the MARR determined at 20%, it can be concluded that the investment plan for the agricultural drone rental business passes the internal rate of return eligibility criteria. So from the techno-economic feasibility analysis of the drone rental business, it is said to be technically and economically feasible.