National farmers’ group cleans house, shuts nine subsidiaries as scrutiny grows over Malaysian farm support

Malaysia's national farmers' organization, Pertubuhan Peladang Kebangsaan (Nafas), is undergoing significant restructuring to address financial challenges and a substantial debt of over RM400 million.

The overhaul involves closing nine non-core subsidiaries to concentrate on its primary agricultural input business, which accounts for over 95% of its revenue.

While not implicated in an ongoing investigation related to fertiliser distribution delays, Nafas aims to enhance value for its farmer members and government partners through its focus on core areas like fertiliser and farm supplies, with substantial government contracts.

KUALA LUMPUR, Sept 7 — As Malaysia’s paddy farmers grapple with delays in subsidised fertiliser supplies, one of the country’s key agricultural organisations is undergoing a major overhaul after years of financial losses.

Pertubuhan Peladang Kebangsaan (Nafas) – the national farmers’ organisation that supports agricultural cooperatives and distributes farm inputs – is shutting nine of its 16 subsidiaries and refocusing on agricultural inputs, its core business which accounts for more than 95 per cent of its revenue.

The restructuring comes as the Malaysian Anti-Corruption Commission investigates delays in the distribution of supplementary compound fertiliser affecting about 38,000 paddy farmers in Kedah’s Muda Agricultural Development Authority area.

Nafas itself is not implicated in that investigation, but its renewed focus on agricultural inputs puts the organisation at the centre of a business that is critical to farmers and heavily dependent on government support.

Nafas general manager Muhammad Faris Arriffin told Berita Harian that the organisation’s restructuring was driven by the financial position it inherited when its current management took over in March 2023.

“When we took over the leadership of Nafas in March 2023, Nafas recorded net losses and had debts of more than RM400 million in the 2022 financial year,” he was quoted as saying.

The turnaround strategy involves closing nine subsidiaries involved in non-core businesses and concentrating resources on areas that can deliver greater value to farmer members and the government.

Nafas’s agricultural-input business includes the distribution of fertiliser and other farm supplies, with government fertiliser contracts worth up to RM2 billion a year.

The organisation’s six remaining subsidiaries are focused on its core businesses, with four involved in fertiliser, pesticides and other agricultural inputs, while two are in the palm oil industry.

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马来西亚全国农民组织 Pertubuhan Peladang Kebangsaan (Nafas) 正在进行重大重组，以应对财务挑战和超过 4 亿令吉的巨额债务。

此次重组包括关闭九家非核心子公司，以集中精力发展其主要农业投入品业务，该业务占其收入的 95% 以上。

尽管Nafas并未卷入正在进行的与化肥分销延误相关的调查，但它专注于化肥和农资供应等核心领域，并拥有大量政府合同，旨在提升其农民成员和政府合作伙伴的价值。

吉隆坡，9月7日讯——马来西亚稻农正努力应对补贴化肥供应延迟的问题，与此同时，该国一家重要的农业组织在多年亏损后正在进行重大改革。

全国农民组织（Nafas）——支持农业合作社并分销农资的全国性农民组织——正在关闭其 16 家子公司中的 9 家，并将重心重新放在农业投入品上，这是其核心业务，占其收入的 95% 以上。

此次重组正值马来西亚反贪污委员会调查吉打州慕达农业发展局辖区内约 38,000 名稻农因补充复合肥料分发延误而受到影响之际。

Nafas 本身并未卷入该调查，但其对农业投入品的重新关注，使该组织成为对农民至关重要且严重依赖政府支持的行业的中心。

Nafas 总经理 Muhammad Faris Arriffin 告诉《每日新闻》，该组织的重组是由其现任管理层于 2023 年 3 月接管时所继承的财务状况所驱动的。

据报道，他表示：“我们在 2023 年 3 月接管 Nafas 的领导权时，Nafas 在 2022 财年录得净亏损，负债超过 4 亿令吉。”

扭亏为盈战略包括关闭九家从事非核心业务的子公司，并将资源集中到能够为农民成员和政府带来更大价值的领域。

Nafas 的农业投入品业务包括化肥和其他农用物资的分销，其政府化肥合同价值高达每年 20 亿令吉。

该组织剩余的六家子公司专注于其核心业务，其中四家从事化肥、杀虫剂和其他农业投入品，两家从事棕榈油行业。

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