Impact of Foot and Mouth Disease (FMD) Outbreak on Financial Performance of Koperasi Peternakan Bandung Selatan (KPBS) Pangalengan
Impact of Foot and Mouth Disease (FMD) Outbreak on Financial Performance of Koperasi Peternakan Bandung Selatan (KPBS) Pangalengan
Khansa N. Salsabilah*, Achmad Firman, Lilis Nurlina
ABSTRACT
The Foot and Mouth Disease (FMD) outbreak that occurred in Indonesia had an impact on the dairy cattle industry. KPBS Pangalengan is one of the dairy cooperatives that is also affected by the FMD outbreak and is feared to affect financial performance at KPBS Pangalengan. The purposes of this study are to determine the milk production and population of dairy cows before and during the FMD outbreak so that the impact can be known, and analyze the impact of FMD outbreak on the financial performance of KPBS Pangalengan. The financial performance analysis method was carried out using the Guidelines for Health Assessment of Savings and Loan Cooperatives and Cooperative Savings and Loan Units: Regulation of the Deputy for Supervision of the Ministry of Cooperatives and Small and Medium Enterprises of the Republic of Indonesia Number 06/PER/DEP.6/IV/2016 and Key Performance Indicators (KPI). Financial performance analysis emphasizes aspects of capital, quality of productive assets, efficiency, liquidity, and independence and growth. Meanwhile, KPIs emphasize the achievements of all financial aspects, where the KPI value is between 0 – 100%. Milk production, dairy cow population, and financial data were obtained from the 2021 and 2022 Annual Reports of KPBS Pangalengan. The results of the study based on the annual reports of KPBS Pangalengan show that the population of dairy cows at KPBS Pangalengan before FMD was 7,325 heads and during the FMD period was 5,870 heads or a decrease of 19%. The decrease in the number of dairy cows has also resulted in a decrease in milk production. Based on the reports, total milk production before FMD was 27,155,887.40 kg, and during FMD was 21,412,659.88 kg, or a decrease of 21%. Decreased milk production impacts financial performance before and during FMD. The results of the financial performance analysis determines that the value of financial performance before FMD was 57.50, and 56.79 during FMD. The financial performance value decreased slightly because FMD outbreak has occurred since 9 months in the study. This value has an impact on the KPI grading result, which is sufficient/enough. Long-term implications can adversely affect the performance and operations of KPBS Pangalengan in serving its members. Therefore, it is recommended to replace dairy cows that have been affected by FMD with imported dairy cattle.
Keywords | Milk production, Dairy cow population, Financial performance, FMD, Key performance indicator, Cooperatives
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September 2024
Vol. 12, Iss. 9, pp. 1622-1845
