Agrobank Launches Strategic Partnership for Agro Defence Contract Farming Program

Strategic Insights -

Agrobank has formed a strategic partnership with the Malaysian Armed Forces Veterans Affairs Department (JHEV ATM) and Aqina Group to implement the Agro Defence Contract Farming program, focusing on premium pineapples and organic broiler/farm chicken farming. The program aims to provide opportunities for ATM veterans to venture into commercial agriculture and livestock farming with financing support from Agrobank. Financing facilities are available up to RM500,000 per participant for farm operating costs.

Key Takeaways:

  • Agrobank has partnered with JHEV ATM and Aqina Group to implement the Agro Defence Contract Farming program, prioritizing MD2 premium pineapple cultivation and organic broiler/farm chicken farming.
  • The program aims to provide opportunities for ATM veterans to venture into commercial agriculture and livestock farming, with financing support from Agrobank.
  • Financing facilities of up to RM500,000 are available per participant to cover farm operating costs.
  • The program will involve nearly 20 participants, fully supervised by Aqina.
  • Interested participants must meet eligibility requirements, including being between 21 and 60 years old and not being blacklisted by financial institutions.
  • The program is expected to implement over a period of five to seven years.
  • Agrobank aims to strengthen the country's food security agenda and develop the farming community through this initiative.

Statistics:

  • RM500,000: financing facilities available per participant for farm operating costs.
  • 20: number of participants expected to be involved in the program.
  • 5-7 years: expected duration of the program's implementation.
  • 21-60 years old: age range for participants who meet eligibility requirements.

Sources:

  • Agrobank
  • Contify.com