Budget 2027 allocates RM2.62b for rice farmers, raises rubber incentive to RM3.30 a kg

Budget 2027 allocates RM2.62 billion for paddy farmers' assistance, raising rubber incentive to RM3.30 per kilogram. The government aims to enhance food security and support agricultural producers. Paddy farmers receive RM4,300 per hectare, covering seed, fertilizer, pesticide subsidies, ploughing costs, and paddy price support.

Incentives double from RM50 to RM100 per hectare per season, with ploughing incentives maintained and extended to Sabah and Sarawak. Additional RM20 million supports foliar fertilizer for soil fertility across 10,000+ hectares. The government pushes for a five-season-in-two-years paddy cultivation program and upgrades irrigation in 15 paddy blocks.

Cooperatives receive RM300 million for community-level food production projects. Fishermen see an increase in special boat license recipients from 17,000 to 20,000, with RM30 million in support. Aquaculture projects receive grants, and Agrobank offers RM40 million in financing. Diesel subsidies continue for eligible fishermen at RM1.65 per liter.

Additional RM178 million supports catch incentives and cost-of-living allowances up to RM300 monthly. Agricultural entrepreneurs gain access to over RM1 billion in financing for higher-value products. Smallholder support expands with doubled funding for farm road repairs and a RM100 million hybrid financing scheme for oil palm replanting.

Rubber incentive rises to RM3.30 per kilogram for over 300,000 smallholders, benefiting farmers, livestock breeders, and others. RM30 million combats crop diseases, and FELDA receives RM1.26 billion for 2027 to strengthen finances and support settlers' welfare.