Identifying Total Economic Value of Capilong (Calophyllum inophyllum) in Ternate Island–North Maluku-Indonesia

DOI

10.2991/absr.k.220101.040How to use a DOI?

Keywords

Capilong; Total economic value

Abstract

Beauty leaf tree (Calophyllum inophyllum) or locally called capilong is one of the plants which have big potential to be used for biofuel raw material. Indeed, almost all parts of this plant have high economic potential and are currently being used for important industrial raw materials, such as the cosmetic and the pharmaceutical industry. This study aims to calculate the total economic value of the existing Capilong plants in the Ternate Island by calculating the total economic values which are beneficial to develop as livelihood options for the coastal community in North Maluku. Capilong trees in Ternate Island are distributed in several areas such as Kastela, Rua, Ave-Tacoma, and Takome Villages with a total population of 1002 trees. The result shows that the total economic value of Capilong trees in Ternate island is about Rp 44,244,923,500 per year. This value is obtained from the sum of the direct use value Rp. 26,324,293,500 per year from the utilization of leaves, fruit, and woods. Indirect value is taken from the replacement cost for embankment construction that calculated Rp 17,920,000,000 per year. While the option value is Rp 463,155 per year and the existence value is categorized zero as seen in the field that the local inhabitants have no willingness to pay because Capilong are growing in the communal lands and they are becoming communal properties.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Mardiyani Sidayat
AU  - Mila Fatmawati
PY  - 2022
DA  - 2022/01/05
TI  - Identifying Total Economic Value of Capilong (Calophyllum inophyllum) in Ternate Island–North Maluku-Indonesia
BT  - Proceedings of the 6th International Conference of Food, Agriculture, and Natural Resource (IC-FANRES 2021)
PB  - Atlantis Press
SP  - 298
EP  - 301
SN  - 2468-5747
UR  - https://doi.org/10.2991/absr.k.220101.040
DO  - 10.2991/absr.k.220101.040
ID  - Sidayat2022
ER  -