Household Assets Ownership Sea Farming Impacts on Household Income

There are only seven individuals who owned safeguard house, four individuals from participant group and the other three individuals from non-participant group. One of the interesting findingsis the respondents’ answer to the question of “What should be improved in sea farming project that would make it more be neficial to local community?”. Most of respondents answered that sea farming project should open a new recruitment because there are relatively lots of people who wants to join the sea farming group. It means that there are interests from non-participants to join sea farming group. New member recruitment will reduce jealousy from non-participants in the society. Other issues which are raised are quality and quantity of the fingerlings, establishment and reinforcement of local hatchery to provide low-cost and high quality fingerling in a timely manner, and information transparency specifically for sea farming member to reduce internal conflict. This conflict caused retransformation of sea farming committee in 2012. Access to credit for local community is another interesting finding. None of the respondents get credit from any banks and other microfinance institutions. The reasons were that they do not know how to apply for credit and no legal recognition for their business. In case of lack of information, socialization about credit program has been conducted every year from local government and some banks, such as Bank DKI, BNI, and BCA. Unfortunately, the program representatives did not actively socialize the program. They were only waiting for someone to come to their desk asking information about credit. In addition to that, sea farming organization certificate which is signed by notary was disappeared. The members suspect that the former chairman of sea farming committee took the certificate away for his own benefit. To sustain sea farming in the future, there are several things to be improved, such as better management, information transparency, and trust between sea farming committee and its members. The new committee is challenged to have better organization, so that they will have good image from participants, non- participants, and local community as a whole. 5 CONCLUSION AND POLICY IMPLICATIONS Conclusion The probit model was used to identify the determinant of sea farming participation in Panggang Island, Kepulauan Seribu, Indonesia. The model shows that factors which significantly influencing the household decision in joining sea farming project are education, occupation, household size, and membership in non-sea farming organization. Contrary to the stated hypothesis, the study shows that all significant factors are reducing the probability of one person to participate in the project. The OLS regression was used to analyze the correlation between participation in sea farming and household income generation. The OLS regression shows that sea farming participation, age, organization member, and mobile phone ownership are variables that have significant relationship to the total income. Participation in sea farming will increase the total income by Rp14.6