Analysis Of The Effect Of Socio -Economic Factors On Motor Boat Fishermen Revenues (Case Study: Labuhan Deli Village, Medan Marelan District, Medan City.)

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Analysis of the Effect of Socio-Economic Factors on Motor Boat Fishermen Revenues (Case Study: Labuhan Deli Village, Medan Marelan District, Medan City)

Introduction

The fishing industry is a significant contributor to the economy of many countries, including Indonesia. Motor boat fishermen play a crucial role in this industry, providing a source of income for thousands of people. However, the income of motor boat fishermen can be affected by various socio-economic factors, such as age, number of dependents, experience, working capital, and frequency of fishing. This study aims to analyze the effect of these factors on the income of motor boat fishermen in Labuhan Deli Village, Medan Marelan District, Medan City.

Methodology

This study was conducted using the Purposive method, which involves selecting a sample of motor boat fishermen in Labuhan Deli Village. The sample size was determined based on the availability of data and the representativeness of the sample. The data collection method used was a survey, which involved administering a questionnaire to the selected motor boat fishermen. The questionnaire collected data on the socio-economic factors that affect the income of motor boat fishermen, as well as their income levels.

Results

The results of this study showed that the average income of motor boat fishermen with a size of 1-2 GT was Rp. 4,201,617 per month, while the average income of motor boat fishermen with a size of 3-5 GT reaches Rp. 5,384,950 per month. The analysis also showed that simultaneously, factors such as age, number of dependents, experience, working capital, and frequency of fishing have a significant influence on the income of motor boat fishermen.

Analysis of Socio-Economic Factors

Socio-economic factors have an important role in determining fishermen's income. Working capital is one of the main factors that influence fishermen's productivity. Sufficient working capital allows fishermen to buy better fishing gear, repair boats, or increase other operational needs. Thus, the greater the capital owned by fishermen, the higher the possibility of income.

The Role of Working Capital

Working capital is a critical factor in determining the income of motor boat fishermen. Fishermen with sufficient working capital can invest in better fishing gear, repair their boats, or increase other operational needs. This can lead to an increase in their income. On the other hand, fishermen with limited working capital may struggle to meet their operational needs, leading to a decrease in their income.

The Impact of Age and Experience

Age and experience are important factors in determining the income of motor boat fishermen. However, the results of this study indicate that although age and experience are important, both do not contribute significantly to income. This may be caused by various external factors, such as weather conditions, the availability of fish, and competitiveness in the market that greatly affects the catch.

The Effect of Number of Dependents

The number of dependents is also one of the factors examined in this study. A family with more dependents can affect the net income of fishermen, especially if they have to spend more money to meet family needs. However, in this study, this factor did not show a significant effect, perhaps because of the good financial management strategy of fishermen.

The Frequency of Sea

The frequency of sea, as another factor, reflects how often the fishermen come out to catch fish. Although it is expected that the frequency of sea can be directly proportional to income, the results of this study show the opposite. This could be caused by the number of fishermen in the area, which caused tight competition and the impact on overall income.

Conclusion

From this study, it can be concluded that working capital is the most significant factor in influencing the income of motor boat fishermen in Labuhan Deli Village. On the other hand, factors such as age, number of dependents, experience, and frequency of fishing do not have a significant effect. This study shows the importance of good working capital management to improve the welfare of fishermen, as well as the need for strategies to face challenges in the field that can affect fishermen's income.

Recommendations

Based on the findings of this study, the following recommendations are made:

  • Improving Working Capital Management: Fishermen should prioritize improving their working capital management to increase their income.
  • Providing Training and Counseling: Related parties should provide training and counseling to fishermen to improve their skills and knowledge in managing their working capital.
  • Capital Assistance: Related parties should provide capital assistance to fishermen to help them improve their working capital.
  • Strategies to Face Challenges: Fishermen should develop strategies to face challenges in the field that can affect their income.

Limitations of the Study

This study has several limitations, including:

  • Sample Size: The sample size of this study was limited, which may affect the generalizability of the findings.
  • Data Collection Method: The data collection method used in this study was a survey, which may be subject to biases and limitations.
  • Socio-Economic Factors: This study only examined a limited number of socio-economic factors that affect the income of motor boat fishermen.

Future Research Directions

Future research should aim to:

  • Examine Other Socio-Economic Factors: Future research should examine other socio-economic factors that affect the income of motor boat fishermen.
  • Use a Larger Sample Size: Future research should use a larger sample size to improve the generalizability of the findings.
  • Use a Different Data Collection Method: Future research should use a different data collection method, such as a case study or a focus group discussion, to improve the validity and reliability of the findings.

Conclusion

In conclusion, this study provides valuable insights into the effect of socio-economic factors on the income of motor boat fishermen in Labuhan Deli Village. The findings of this study show that working capital is the most significant factor in influencing the income of motor boat fishermen. The study also highlights the importance of good working capital management to improve the welfare of fishermen, as well as the need for strategies to face challenges in the field that can affect fishermen's income.
Q&A: Analysis of the Effect of Socio-Economic Factors on Motor Boat Fishermen Revenues (Case Study: Labuhan Deli Village, Medan Marelan District, Medan City)

Q: What is the main objective of this study?

A: The main objective of this study is to analyze the effect of socio-economic factors on the income of motor boat fishermen in Labuhan Deli Village, Medan Marelan District, Medan City.

Q: What are the socio-economic factors examined in this study?

A: The socio-economic factors examined in this study include age, number of dependents, experience, working capital, and frequency of fishing.

Q: What is the significance of working capital in determining the income of motor boat fishermen?

A: Working capital is a critical factor in determining the income of motor boat fishermen. Fishermen with sufficient working capital can invest in better fishing gear, repair their boats, or increase other operational needs, leading to an increase in their income.

Q: Why did the study find that age and experience do not have a significant effect on the income of motor boat fishermen?

A: The study found that age and experience do not have a significant effect on the income of motor boat fishermen because of various external factors, such as weather conditions, the availability of fish, and competitiveness in the market that greatly affects the catch.

Q: What is the impact of the number of dependents on the income of motor boat fishermen?

A: The number of dependents can affect the net income of fishermen, especially if they have to spend more money to meet family needs. However, in this study, this factor did not show a significant effect, perhaps because of the good financial management strategy of fishermen.

Q: Why did the study find that the frequency of sea does not have a direct proportional effect on the income of motor boat fishermen?

A: The study found that the frequency of sea does not have a direct proportional effect on the income of motor boat fishermen because of the number of fishermen in the area, which caused tight competition and the impact on overall income.

Q: What are the recommendations of this study?

A: The recommendations of this study include:

  • Improving working capital management
  • Providing training and counseling to fishermen
  • Providing capital assistance to fishermen
  • Developing strategies to face challenges in the field that can affect fishermen's income

Q: What are the limitations of this study?

A: The limitations of this study include:

  • Sample size
  • Data collection method
  • Socio-economic factors examined

Q: What are the future research directions?

A: Future research should aim to:

  • Examine other socio-economic factors that affect the income of motor boat fishermen
  • Use a larger sample size
  • Use a different data collection method

Q: What are the implications of this study for policymakers and stakeholders?

A: The implications of this study for policymakers and stakeholders are:

  • The importance of improving working capital management to increase the income of motor boat fishermen
  • The need for providing training and counseling to fishermen to improve their skills and knowledge
  • The need for providing capital assistance to fishermen to help them improve their working capital
  • The need for developing strategies to face challenges in the field that can affect fishermen's income

Q: What are the implications of this study for fishermen and the fishing industry?

A: The implications of this study for fishermen and the fishing industry are:

  • The importance of improving working capital management to increase income
  • The need for developing strategies to face challenges in the field that can affect income
  • The need for improving skills and knowledge to increase income
  • The need for providing capital assistance to fishermen to help them improve their working capital.