Budget 2027: Government ready RM2.62 billion aid for farmers

KUALA LUMPUR, Oct 9: Government provides RM2.62 billion allocation to farmers to help cover production costs.

The Prime Minister, Datuk Seri Anwar Ibrahim said the aid included various forms of subsidies and incentives, including seeds, fertilizers, poisons, hunting wages as well as rice prices.

He said that the government also agreed to increase the rate of the Rice Harvesting Incentive from RM50 to RM100 per hectare per season.

"This means, for each hectare of land, farmers will enjoy about 4,300 ringgit covering among them seed subsidies, fertilizer, poisons, hostage wages and rice prices", he said while presenting Budget 2027 in the Dewan Rakyat today.

Meanwhile, Anwar said the rate of Piracy Incentive which has been raised to RM300 will be maintained.

According to him, the Pembajakan Incentive will also be extended to farmers in Sabah and Sarawak to ensure that they also benefit from the aid.

Meanwhile, Anwar said in an effort to restore and replant rice fields, the government also provided RM20 million for supplying foliar fertilizer on more than 10,000 hectares of field area.