The new business model of leasing and joining the plots together to form a large estate for more efficient management will solve a common problem in the 317 Felda settlements of the first generation of settlers growing too old and infirm to work their plots. – The Malaysian Insight file pic, April 10, 2019.
THE Pakatan Harapan administration is banking on a new business model for Felda to ensure the 61 year-old land scheme remains viable as its settler population changes. Economic Affairs Minister Azmin Ali said Felda cannot depend on the current model, where each plantation scheme’s revenue is derived from a settler who works a four-hectare plot of oil palms.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!