The Entrepreneur Development and Cooperatives Ministry (KUSKOP) is encouraging cooperatives in the agriculture and plantation sectors to join cooperative federations.
Its deputy minister Datuk Muslimin Yahaya said it was aimed at accumulating capital, expertise and resources to enable cooperatives to be involved in large-scale production activities.
“The concept of a federation is two or three cooperatives running the same business such as cattle breeding so that they can produce a greater quantity of output.
“We want them to have the same goal. Involvement in federations will also increase their income and improve cooperative governance,” he said after officiating at the state-level National Cooperative Day 2022 in conjunction with the 100th anniversary of the cooperative movement in Malaysia here today.
Muslimin reiterated that cooperatives focusing on the agriculture and plantation sectors would be given priority to obtain funding so as to boost the sectors and prepare for possible food crisis in the future.
He said Angkatan Koperasi Kebangsaan Malaysia (ANGKASA) has identified over 4,000 hectares of land for grain corn cultivation with a yield of four to five tonnes per hectare, to meet 20 per cent of the country’s chicken feed needs.
Earlier, Muslimin presented cooperative development assistance totalling RM405,000 to representatives of eight cooperatives in the state.
Source: BERNAMA News Agency