Records Highest Profit Of RM221 Mln For 2024, Farmers Receive Over RM21 Mln In Dividends - Mohamad Sabu

PETALING JAYA, March 17 (Bernama) -- The National Farmers' Organisation (NAFAS) recorded its highest-ever profit since its establishment in 1972, with RM221 million for the financial year of 2024.

Agriculture and Food Security Minister Mohamad Sabu said that out of the total, RM21,002,941 has been distributed to 14 State Farmers’ Organisations (PPN), benefiting 212 Area Farmers’ Organisations (PPK).

“NAFAS Reform 2.0 is not just a gimmick or slogan - it has already shown results through transparent governance, improved accountability, and strong financial discipline,” he said when speaking at the Dividend Distribution Ceremony for PPN and the NAFAS 2026 Iftar event here today.

Agriculture and Food Security Ministry Deputy Secretary-General (Development) Datuk Luqman Ahmad and NAFAS General Manager Muhammad Faris Arriffin also attended the event.

He said the dividend distribution was expedited through a special directive to ensure the welfare of farmer members continues to be safeguarded.

“I will use the powers available under the law to assist farmer members. This is similar to when I helped NAFAS obtain RM20 million, even though the government was not obligated to provide the allocation.

“Thankfully, the government agreed to provide RM20 million, allowing us to gradually move NAFAS towards greater progress now and in the future,” he said.

Regarding the 2025 financial year results, he said the matter is still being processed and is expected to be finalised soon or by next year at the latest.

In a related development, Mohamad assured that the supply of essential goods such as meat and chicken will be sufficient ahead of Aidilfitri, and the public is advised not to engage in panic buying.

He said supply is expected to remain stable nationwide - including in Sabah and Sarawak - until mid-year, although he acknowledged that external factors such as international conflicts may lead to price increases in the coming months.

“If there are effects from external factors (such as a conflict involving the United States and Iran), it may be reflected in prices. Supply is sufficient, but if fuel prices rise, we will see how that impacts overall prices. We will make announcements from time to time.

“We will also take into account the views of the Investment, Trade and Industry Ministry (MITI), the Finance Ministry, and all relevant parties, as current supplies were prepared earlier—so any impact may only be felt in the next two to three months,” he said.

-- BERNAMA