Budget 2024 can address agricultural and food security issues

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Budget 2024 can address agricultural and food security issues
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KUALA LUMPUR: The allocation for farmers, breeders, and fishermen in the Budget 2024 can strengthen and address current issues related to agriculture ...

: The allocation for farmers, breeders, and fishermen in the Budget 2024 can strengthen and address current issues related to agriculture and food security.

“It demonstrated the government’s concern to ensure sustainability of the country’s agri-food industry and safeguard the welfare of nearly one million farmers nationwide,“ added NAFAS. The introduction of a two-year initiative involving five seasons of padi cultivation in the regions managed by Muda Agricultural Development Authority in Perlis and Kedah, is aimed at increasing rice production through a RM3 billion investment.

The initiative to increase the subsidy allocation for hill paddy or shifting cultivation rice from RM40 million to RM50 million, is aimed at expand hill paddy cultivation areas from 43,000 hectares, can help reduce the planting costs for farmers in Sabah and Sarawak.

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