| Summary: | This research aims to: (1) measure the feasibility rate of agroindustry of ethanol,
(2) the factors that affect value-added agro-processing of sugar cane molasses into
ethanol, (3) the factors that affect the profit of ethanol agroindustry, (4) the
relationship or the mutual influence between the value added to the feasibility of
covering the profit, profitability, and break event point (BEP).
The research was conducted in Sukoharjo regency in the period of November
2009 until October 2010. The location of this research was selected by purposive
sampling, whereas the producer of ethanol who becomes the sample at the subdistrict
level was selected by simple random sampling to avoid the subjective
selection of sample. Collection of primary data was conducted through direct
interview by utilizing a questionnaire. In order to determine the factors that affect
the value-added and profits are used multiple linear regression by the method of
least squares (OLS) was applied, then The Added Value of Hayami Method was
selected to determine amount of added value, whereas the correlation analysis
carried out by measuring the magnitude of the strength and direction of the
reciprocal relationship between two variables: value added to profits, profitability,
and break even point (BEP).
The results of this research indicate that: (1) the average gain per unit of
marketing during the period November 2009 to October 2010 amounting to Rp.
220,311,318.00. and the level of profitability (net B/C ratio) for each agroprocessing
of molasses into ethanol is 53.91%, so it can be seen that the ethanol
agroindustry is feasible to develop and deliver benefits for business owners. (2)
Factors that significantly influence the value added are: the production capacity,
the amount of raw materials, and the amount of fuel. (3) Factors that significantly
influence the profit are: the price of sugar cane molasses as the main raw
materials, auxiliary input price of caustic soda, and wage labor. (4) The existence
of a positive relationship between the value added to profits and profitability,
while the relationship between value-added is inverse proportional to the break
even point.
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