From Waste to Assets through Value Creation Strategies in Goat Farming

Authors

  • Nicholas Renaldo Institut Bisnis dan Teknologi Pelita Indonesia, Indonesia
  • Achmad Tavip Junaedi Institut Bisnis dan Teknologi Pelita Indonesia, Indonesia
  • Wilda Susanti Institut Bisnis dan Teknologi Pelita Indonesia, Indonesia
  • Jahrizal Jahrizal Universitas Riau, Indonesia
  • M. Dalil Universitas Riau, Indonesia
  • Kristy Veronica Institut Bisnis dan Teknologi Pelita Indonesia, Indonesia
  • Marice Br Hutahuruk AMIK Mahaputra Riau, Indonesia
  • Sulaiman Musa Bayero University, Nigeria
  • Jaswar Koto Ocean and Aerospace Research Institute, Japan
  • Cecilia Cecilia East China Normal University, China

DOI:

https://doi.org/10.61230/luxury.v4i2.159

Keywords:

Goat Farming, Waste Valorization, Value Creation, Circular Economy, IoT

Abstract

This study examines the transformation of livestock waste into economic and environmental value through innovation in goat farming. The study applies a qualitative case study approach using observation, interviews, and documentation of a Smart Composting System. The system utilizes leftover fermented corn-stalk and leaf silage, goat manure, horse manure, EM4, and brown sugar, supported by Internet of Things (IoT)-based monitoring of temperature, moisture, and NPK. The findings indicate that the innovation enables organic waste to be transformed into compost while generating operational data that can support more effective management decisions. The integration of environmental accounting further enables the identification of processing costs, potential economic value, and environmental benefits. The study demonstrates that waste management can be repositioned from a cost-oriented activity into a value creation strategy through the integration of resource recovery, digital technology, and environmental-economic measurement. The proposed approach provides a practical foundation for developing circular and sustainable business practices in goat farming.

References

Assan N, N. (2025). Climate change and goat farming: Economic impacts and the crucial role of women in mitigation efforts. Sustainable Goat Production in the Changing Climate, 321–340. https://doi.org/10.1016/B978-0-443-13525-5.00023-1 DOI: https://doi.org/10.1016/B978-0-443-13525-5.00023-1

Creswell, J. W., & Creswell, J. D. (2018). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (Fifth). SAGE.

Fransisca, L., Renaldo, N., Chandra, T., Augustine, Y., & Musa, S. (2025). Digital Innovation Capability and Customer Value Co-Creation on New Product Performance with Digital Transformation Maturity as a Moderating Variable in Trading Companies in Indonesia. Luxury: Landscape of Business Administration, 3(1), 1–15. https://doi.org/10.61230/luxury.v3i1.103 DOI: https://doi.org/10.61230/luxury.v3i1.103

Gull, A. A., Atif, M., Ahsan, T., & Derouiche, I. (2022). Does waste management affect firm performance? International evidence. Economic Modelling, 114, 105932. https://doi.org/10.1016/J.ECONMOD.2022.105932 DOI: https://doi.org/10.1016/j.econmod.2022.105932

Islam, N. F., Gogoi, B., Saikia, R., Yousaf, B., Narayan, M., & Sarma, H. (2024). Encouraging circular economy and sustainable environmental practices by addressing waste management and biomass energy production. Regional Sustainability, 5(4), 100174. https://doi.org/10.1016/J.REGSUS.2024.100174 DOI: https://doi.org/10.1016/j.regsus.2024.100174

Junaedi, A. T., Renaldo, N., Susanti, W., Johan, J., Veronica, K., Panjaitan, H. P., Suhardjo, S., Jahrizal, J., Musa, S., & Wahid, N. (2026). Strengthening Goat Productivity and Health through Smart Technology and Digital Management Assistance. Seroja Journal of Empowerment and Community Service, 2(2), 8–15. https://doi.org/10.61230/seroja.v2i1.146

Khan, A., Khan, T., & Ahmad, M. (2025). The role of technological innovation in sustainable growth: Exploring the economic impact of green innovation and renewable energy. Environmental Challenges, 18, 101109. https://doi.org/10.1016/J.ENVC.2025.101109 DOI: https://doi.org/10.1016/j.envc.2025.101109

Kirchherr, J., Yang, N. H. N., Schulze-Spüntrup, F., Heerink, M. J., & Hartley, K. (2023). Conceptualizing the Circular Economy (Revisited): An Analysis of 221 Definitions. In Resources, Conservation and Recycling (Vol. 194). Elsevier B.V. https://doi.org/10.1016/j.resconrec.2023.107001 DOI: https://doi.org/10.1016/j.resconrec.2023.107001

Martinez, J., Dabert, P., Barrington, S., & Burton, C. (2009). Livestock waste treatment systems for environmental quality, food safety, and sustainability. Bioresource Technology, 100(22), 5527–5536. https://doi.org/10.1016/J.BIORTECH.2009.02.038 DOI: https://doi.org/10.1016/j.biortech.2009.02.038

Mata, F., Jesus, M., & Santos, J. (2026). The Role of Livestock in Circular Agriculture and Waste Valorisation. Sustainability, 18(11), 5780. https://doi.org/10.3390/su18115780 DOI: https://doi.org/10.3390/su18115780

Nassar, F. S. (2026). Transforming poultry production with smart circular sustainability: Bridging digital innovation, circular economy, and risk management for long-term resilience. Poultry Science, 105(8), 107106. https://doi.org/10.1016/J.PSJ.2026.107106 DOI: https://doi.org/10.1016/j.psj.2026.107106

Prihastomo, A. D., Renaldo, N., Junaedi, A. T., Panjaitan, H. P., Nyoto, N., Hutahuruk, M. B., Faruq, U., Prayetno, M. P., Wati, Y., & Fransisca, L. (2026). Value Co-Creation and Digital Marketplace Strategy in Enhancing Commercialization Performance, An Educational Perspective from Fortified Goat Milk Entrepreneurship. Reflection: Education and Pedagogical Insights, 3(1), 32–40. https://doi.org/10.61230/reflection.v3i1.151 DOI: https://doi.org/10.61230/reflection.v3i1.151

Putri, I. Y., Renaldo, N., Andi, Fransisca, L., Suhardjo, Suyono, & Erwin. (2022). Sustainability Report Disclosure and Profitability as a Strategy to Increase Future Firm Value in the Indonesian Banking Sector. International Journal of Advanced Multidisciplinary Research and Studies, 2(1), 100–104.

Renaldo, N., & Fransisca, L. (2024). Digital Water Accounting for Value Creation, Transforming Water Data into Strategic Sustainability Assets. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 3(1), 119–126. https://doi.org/10.35145/icobima.v3i1.5082

Renaldo, N., Fransisca, L., Junaedi, A. T., Augustine, Y., Suhardjo, S., & Andi, A. (2025). Value Creation in Digital Accounting. www.penerbitlitnus.co.id

Renaldo, N., Fransisca, L., Junaedi, A. T., Suhardjo, S., Tanjung, A. R., Chandra, T., Andi, A., & Anton, A. (2025). Development of Plant Accounting Research: Evidence From Indonesia 2017-2021 with Sustainability Value Creation. Bilancia : Jurnal Ilmiah Akuntansi, 9(1), 82. https://doi.org/10.35145/bilancia.v9i1.4901 DOI: https://doi.org/10.35145/bilancia.v9i1.4901

Renaldo, N., Fransisca, L., Junaedi, A. T., Tanjung, A. R., Chandra, T., Suharti, S., Andi, A., Suhardjo, S., Augustine, Y., & Musa, S. (2024). Real-time Value Creation Metrics in Manufacturing Through Blue Innovation and IoT-Based Accounting. International Conference on Business Management and Accounting, 3(1), 108–118. https://doi.org/10.35145/icobima.v3i1.4903

Terpou, A., Arvaniti, O., Afratis, N., & Zahariadis, T. (2025). Sustainability challenges in the bovine sector and the implementation of waste management policies within the EU framework. Food Chemistry Advances, 9, 101129. https://doi.org/10.1016/J.FOCHA.2025.101129 DOI: https://doi.org/10.1016/j.focha.2025.101129

Voinea, C. L., Hoogenberg, B.-J., Fratostiteanu, C., & Bin Azam Hashmi, H. (2020). The Relation between Environmental Management Systems and Environmental and Financial Performance in Emerging Economies. Sustainability, 12(13), 5309. https://doi.org/10.3390/su12135309 DOI: https://doi.org/10.3390/su12135309

Wang, J., & Tao, J. (2020). An analysis of farmers’ resource disposal methods for livestock and poultry waste and their determinants. Chinese Journal of Population, Resources and Environment, 18(1), 49–58. https://doi.org/10.1016/J.CJPRE.2021.04.017 DOI: https://doi.org/10.1016/j.cjpre.2021.04.017

Downloads

Published

2026-07-31

How to Cite

Renaldo, N., Junaedi, A. T., Susanti, W., Jahrizal, J., Dalil, M., Veronica, K., Hutahuruk, M. B., Musa, S., Koto, J., & Cecilia, C. (2026). From Waste to Assets through Value Creation Strategies in Goat Farming. Luxury: Landscape of Business Administration, 4(2), 74–81. https://doi.org/10.61230/luxury.v4i2.159

Most read articles by the same author(s)

1 2 > >>