CHAPTER 8 : AGRICULTURE AND THE MALAYSIAN ECONOMY. :)

 INTRODUCTION

• The agricultural sector has contributed to the growth and major contributors to national income & export earning.
• It's become basis of economic growth and main contributor in national economy prior to the 1970 s.
• The agricultural sector  initially derived from the increase in the production of livestock, fisheries and other miscellaneous crops.
• The agricultural industry more valuable cash crops owing to the increase in earnings from major commodities such as palm oil, rubber & food commodities.
• It has enable the sector to retain its workforce & shore up the economic downturn of the 1997 financial crisis.

THE IMPORTANCE OF AGRICULTURAL SECTOR

Backbone of the economy

1. At independence , it contributed 39.3% to GDP, generated 58.3% of a total employment and about 50.0% to export earnings.
2. After independence, economy underwent a diversification, so the contribution declined.
3. In 1980, still contributed 22.9% of total GDP, 39.7% to employment & less than 22.9% to export earning.

CHALLENGES

• To make Agricultural sector as the 3rd engine of national economic growth (new source)
• New scope includes agro-based industry.
• Development of the sector covers the total aspect of production & supply chain management.

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FOOD SECURITY

Food security means access by all people at all times to enough food for an active & healthy life.

A Healthy, Sustainable Food System focuses on:

1. Local, seasonal foods
2. Health of the population
3. Building communities
4. Local economic development
5. Supporting local producers, processors, distributors & retailers

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