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475
-
Volume and price of jelutong timber Jelutong timber volume at the end of the cycle is 0.84 m
3
per tree Budiningsih and Efendi, 2013. Stumpage sales price of jelutong wood is Rp. 300,000.00 per m
3
Budiningsih and Efendi, 2013. Timber harvest is done when the plant was 30 years old.
-
Production and price of jelutong latex Production of latex per tree during the 10 years old plant is 75 grams per tree during the
flowering season 3 months, while the other 9 months is 150 grams per tree. The latex production every two years has increased from the previous year by 8 Budiningsih and
Efendi, 2013. Price of jelutung latex used in the analysis is Rp. 3.000,00 per kilogram Anonymous a, 2015.
-
The level of real interest rates Based on the last 5 years datas, the level of real interest rates used in this analysis was
0.98, which represents the difference between the deposit interest rate with inflation.
-
Components of cost and revenue sourced from farmers in Lakitan PFMU.
3. RESULT AND DISCUSSION 3.1 Financial Analysis
The results of financial analysis of cultivation jelutong in Lakitan PFMU are presented in Table 1.
Table 1: Financial benefit of jelutong cultivation to produce wood and latex per hectare for time period of 30 years
NPV BCR
IRR 132,791,740
3.85 9.97
Based on Table 1, it can be stated that the jelutong cultivation in Lakitan PFMU is financially feasible. This is indicated by a positive NPV of Rp. 132,791,740, the value of BCR higher
than 1 and the value of IRR is higher than the capital opportunity of this activity real interest rates. This indicates that the development of jelutong plantation as business commodity to
produce wood and latex has a prospect to be develop in Lakitan PFMU.
3.2 Sensitivity Analysis
The results of sensitivity analysis of jelutong cultivation in Lakitan PFMU are presented in Table 2.
Table 2: Sensitivity analysis of jelutong cultivation to produce wood and latex per hectare for time period of 30 years
Sensitivity NPV
BCR IRR
Jelutong cultivation for time period 30 years, in the event of a decrease in sales price of jelutong latex by
50 43.059.088
1,92 9,97
Jelutong cultivation for time period 30 years, if the overall costs rose 10
128.124.383 3,50
9,97
The result of sensitivity analysis showed that the jelutong cultivation in Lakitan PFMU is financially feasibel, despite decrease in selling prices of latex by 50 of the assumptions and
Bogor, 21-22 October 2015
476 the increase of production costs by 10. This is indicated by a positive NPV, BCR value of
higher than 1 and expectancy IRR is higher than the real interest rate.
3.3 The Development Prospect of Jelutong in Lakitan PFMU
The analysis showed that based on financial considerations, jelutong deserves to be developed in Lakitan PFMU, especially in peaty areas. In addition, jelutong is endemic spesies of peat
swamp area. Jelutong cultivation in peat swamp or peaty area does not require manufacture of canals to drain the peatland which leads to the destruction of peatlands.
Non-wood forest product NWFP potency that exists in a forest area would become a business opportunity for PFMU, in addition to the wood product in an effort to achieve the
independet PFMU. In addition, the management of NWFP will support sustainable forest management resource-based management, because the harvesting system of plant species
that produce NWFP is on-destructive harvesting. The benefits of forest utilization that produce NWFP jelutong latex are:
a. harvesting of jelutong latex not cause great damage to the forest ecosystem compared to
wood utilization, because harvesting is not done by cutting down trees, but with wiretapping.
b. financial benefits obtained by the results obtained from the jelutong in one cycle is greater than the financial benefits derived from wood. In Lakitan PFMU, jelutong cultivation for
30 years only to produce jelutong latex are have NPV = .Rp. 38,752,404,00 and BCR = 1,83. Cultivation of jelutong only to produce wood area have negative NPVand BCR less
than 1.
c. tapping and management of jelutong latex as well as NWFPs are generally made by people with little capital to medium. Thus utilization can enhance the welfare of society
and business utilization can be done by many people. d. the technology used to harness and cultivate NWFPs jelutong is a simple to medium
technology Leonald, 2009 in Effendi Rostiwati, 2014 Jelutong development prospects in Lakitan PFMU also supported by the market at local and
national levels. For the timber product, in Musi Rawas district already exist a national scale industry that can accommodate jelutong timber as raw material of pencil slate. The factory
has production capacity about of 15 million gross pencil slate per annum that meet domestic market and export to Asia, Europe and America counties Anonymous b, 2015. In addition,
Bastoni and Lukman 2004 stated that jelutong timber market in national level is relatively good, this that indicates by the demand for raw materials of pencil slate which reached 180
670 m
3
per year. Besides as pencil slate, jelutong wood has wide market opportunities due to the nature of the wood that easy to work in all operations, finishes well, and glues
satisfactorily. Jelutong latex has potency as export commodity. Jelutong latex from Palembang was
exported since 1918. Jelutong latex from Indonesia was exported from sea port in Java, Palembang, Muarasabak Jambi, Kijang Island, Perigiraja, Sambas, Pontianak, Ketapang,
Sukamara, Pangkalan Bun, Kumai, Sampit and Banjarmasin. Jelutong latex origin Palembang
has highest τgutta percha”, than follows by jelutong latex origin Banjarmasin and Pontianak Heyne, 1987. Indonesia is a major producer of jelutong latex. Almost all of Indonesian
jelutong latex production is exported to foreign countries such as Japan, Singapore and Hong Kong in the form of lumps Karyono Tati, 2008.
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477 Observation of large traders in Jambi Province shows that the most important export markets
of jelutong latex is Singapore. Jelutong latex is processed into a special measuring beam and low moisture content which is then exported back to Europe and the United States
Sofiyuddin, Janudianto Perdana, 2012; Tata, et al., 2015. Based on data from an exporter of jelutong latex in Sampit, Central Kalimantan, they capable to export jelutong latex to Japan
average of 162.29 tons per year and the value of the price per ton of approximately US 4,500.00 to 4,966.70 Karyono Tati, 2008. Central Statistics Agency data show that during
the years 2002-2012 jelutong latex export value of the province of Central Kalimantan is US 962,118. While To South Kalimantan Province, the export value of sap jelutong during 2011-
2012 was US 166,625 Tata, et. al., 2015. Jelutong cultivation in peatlands are also expected to reduce the risk of forest and land fires in
Lakitan PFMU. Jelutong cultivation which is endemic wetland species expected according to the natural condition of, peatland and their management at the site level is expected to reduce
the vulnerability of forest fires and land. Sufficient amount of land that is prone to forest and land fires in North Lakitan I production forest caused by peatland distribution is quite
extensive 9,569 haKPHP Lakitan, 2014.
4. CONCLUSION
