FOOD plantation is the last bastion which is highly protected by developed nations, such as Japan, for its food security consideration besides protecting local farmers’ livelihood.
The control of food supply chain by foreigners is an economic threat to the host country.
Recently there was a multi-million investment from a Chinese company in mushroom cultivation in Johor which should serve as a stimulus for our economy.
However, we should allow foreigners to control 100% or majority stake in agriculture ventures.
This is because such ventures pose a direct threat to the survival of local small farmers or food producers.
Foreign mushroom growers with large capital and know-how may wipe out many small mushroom growers in Johor if our policymakers believe in free market blindly.
I urge the Malaysian Government to learn from Japan on in protecting local farmers where foreign ownership for food-based plantations is limited to 49%.