Integrated farming is the blueprint to propel agricultural practices into the future by capitalising on the existing synergies in FGV’s extensive palm oil operations. The practice is bolstered by technology and digitalisation in the form of precision farming to improve yields.
The inclusion of cash crops and rice along with animal nutrition, livestock and dairy farms leverages FGV’s palm oil-based synergies into a functioning circular economy. In turn, this model optimises our production, lowering the cost as well as environmental impact.
Success of our integrated farming projects will serve as a blueprint so the practice can be replicated by local farmers and contract farmers alike, supported by the innovative agricultural services offered by FGV.
Furthermore, our integrated farming business contributes to Malaysia’s food security goals, directly via food production and indirectly via opportunity for more locals venturing into agriculture.
Under the FGV’s Integrated Farming blueprint, initiatives to be carried out in 2020 include;
- Developing business model FGV Agro Farmers and contract farming schemes for cash crops and rice and paddy.
- Animal Feed expansion – to R & D and create more new PKE and non-PKE based feed pelletized. Dairy cattle pellet (DCP) and goat’s pellet are the two new formulation that is targeted to be launched in 2020.
- Venture into Dairy Cattle – value creation from our 60% acquisition of Red Agri Sdn Bhd will lead developing premium animal feed, utilisation of our Logistics in transportation and storage, incorporating the usage of molasses in our feed and leveraging the distribution network from our downstream.