Small-Scale Vannamei Shrimp Farm Business Sustainability Analysis With Micmac: A Study on Kebumen Coastal Area, Indonesia
DOI:
https://doi.org/10.26668/businessreview/2023.v8i3.659Keywords:
Sustainability, Vulnerability, Coastal, Shrimp, Farm Business, MICMACAbstract
Purpose: The objective of this study was to identify the internal and external factors of the sustainability of the vannamei shrimp farming business and the relationship of influence and dependence between the factors.
Theoretical framework: Sustainability is required to create a balance between nature and humans for the use of coastal space in Kebumen Regency as a development area for the shrimp farming business to be carried out sustainably and provide sustainable benefits, as well as to preserve existing resources for long-term sustainability (UN, 2020). Development that ignores the interaction of the two results in price increases, which leads to a general decline in human welfare (Fauzi, 2019). This is to the global development agenda and the Sustainable Development Goals(SDGs)., which call for Indonesia to become a maritime axis.
Design/methodology/approach: The research used a participatory method with semi-structured and in-depth interviews with the shrimp farming community and FGD. The data were analyzed using the sustainability analysis technique of Matrix of Cross Impact Multiplications Applied to a Classification (MICMAC).
Findings: Identification of key elements in the sustainability of shrimp farming is essential to overcome and limit the risk of uncertainty caused by external and internal disturbances and pressures on shrimp farms. Government policy is a variable that has a strong and large influence on the sustainability of the shrimp farming business, and good government policy will enable the shrimp farming business system to reduce the pressure and threat of continuity.
Research, Practical & Social implications: Future research should focus on the management of shrimp farming and waste management to reduce the ecological, social, and economic impacts and the sustainability of shrimp farming that is environmentally and socially friendly.
Originality/value: Government policy is a variable that has a strong and significant impact on aquaculture sustainability, with good government policies allowing the aquaculture system to reduce pressure and threats to shrimp. According to the facts on the ground, the shrimp farming business on the coast of Kebumen regency is operating independently due to a lack of attention, guidance, and policies governing the implementation of the shrimp aquaculture business.
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