Malaysian government turn to livestock and fruits to ease Felda's financial woes

The rescue package was also aimed at reviving the fortunes of largely poor Malay families who were given land to cultivate but mostly ended up in debt, cumulatively owing more than RM5.5 billion to the agency.
The rescue package was also aimed at reviving the fortunes of largely poor Malay families who were given land to cultivate but mostly ended up in debt, cumulatively owing more than RM5.5 billion to the agency. PHOTO: REUTERS

KUALA LUMPUR - The 112,635 families under the government's ailing Felda scheme will be offered a "new deal" on Sunday (July 7).

It will involve the introduction of fast-yielding crops and livestock to safeguard their livelihoods against volatility in the palm oil sector, the mainstay in over 800,000ha of land controlled by the federal land development agency.

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