ANALISIS KOMPARASI FINANSIAL USAHATANI BUAH NAGA (LAHAN BANTARAN SUNGAI DAN LAHAN NON BANTARAN SUNGAI) OLEH Ridha Chulvah Tianaresa/Agribisnis Universitas Syiah Kuala ABSTRAK “Buah Naga adalah salah satu jenis tanaman kaktus asal Amerika Tengah yang kini mulai berkembang pembudidayaannya di Indonesia. Di Aceh, buah naga varietas Hylocereus polyrhizus paling banyak di tanam oleh petani. Penggunaan lahan untuk pertumbuhan buah naga di Aceh adalah lahan bantaran sungai dan lahan non bantaran sungai. Penelitian ini bertujuan untuk membandingkan analisis kelayakan finasial usahatani buah naga lahan bantaran sungai dan lahan non bantaran sungai. Data primer diperoleh dari wawancara langsung kepada petani di lapangan melalui quisioner serta data sekunder yang diperoleh dari instansi terkait. Metode pengambilan sampel dilakukan dengan metode sensus. Kriteria investasi yang digunakan dalam penelitian ini adalah Net Present Value (NPV), Net Benefit Cost Ratio (Net B/C), Internal Rate of Return(IRR), Break EvenPoint (BEP) dan Analisis Sensitivitas. Hasil analisis menunjukkan usahatani buah naga lahan bantaran sungai dan lahan non bantaran sungai layak diusahakan. Namun, nilai kriteria investasi usahatani buah naga lahan bantaran sungai lebih besar daripada lahan non bantaran sungai, sehingga secara finansial usahatani buah naga lahan bantaran sungai lebih layak untuk diusahakan.” Kata Kunci : Analisis Finansial, Buah Naga, Lahan Bantaran Sungai, Lahan Non Bantaran Sungai COMPARISONS OF FINANSIAL ANALYSIS OF DRAGON FRUIT FARMING (RIVERBANKS LAND AND NON RIVERBANKS LAND) BY Ridha Chulvah Tianaresa / Agribussiness Department of Syiah Kuala University ABSTRACK Dragon fruit is origin central american cactus plant that has now started growing and cultivated in indonesia. Hylocereus polyrhizus is a type of dragon fruit most widely planted in aceh. The land that use for growing dragon fruit in aceh are riverbank and non riverbanks. This research aims to compare eligibility of financial analysis riverbanks and non riverbanks of dragon fruit farming. Primary data were obtained from directly interview from farmers in the field through a questionnaire and secondary data is also retrieved from related institutions. Sampling method using the census. Investment criteria used in this research are Net Present Value (NPV), Net Benefit Cost Ratio (Net B/C), Internal Rate of Return (IRR), Break Even Point (BEP) and sensitivity analysis. Results of analysis suggest that the dragon fruit riverbanks and non riverbanks feasible to be planted. However, the value of the investment criteria of dragon fruit cultivation on riverbanks is more larger than non riverbanks, so dragon fruit riverbanks financially more feasible to be planted. Key Words : Financial Analysis, Dragon Fruit, Riverbanks, Non Riverbanks