PUTRAJAYA: The National Farmers Fund (DPK) under the National Farmers Organisation (Nafas) recorded a profit of RM9.05 million, with a total dividend distribution of RM7.6 million as of Dec 31 last year.
Agriculture and Food Industries Minister Datuk Seri Dr Ronald Kiandee also announced a dividend rate distribution of eight per cent from DPK for the Special Farmers Investment Scheme (SPKP), involving 5,323 investors.
"DPK is able to provide competitive returns that exceed the inflation rate consistently with an average dividend of 8.8 per cent for three years in a row since 2016.
"It also recorded consistent profit every year with a net profit margin of over 80 per cent," he said at a press conference at the ministry's headquarters today.
In 2019, Nafas recorded a profit of RM9.29 million with a total dividend distribution of RM7.7 million.
Kiandee also congratulated Nafas for its excellent performance in 2020 in providing a competitive dividend rate to SPKP and DPK investors.
"Although 2020 was a difficult year due to market uncertainty following the Covid-19 pandemic, Nafas through DPK has continued to focus on financing strategies and diversification of the treasury portfolio to ensure encouraging returns to its members."
Kiandee also encouraged farmers organisations members nationwide to invest with SPKP and DPK to enjoy various additional benefits in helping to increase the economic resources of farmers as well as strengthen the country's agricultural sector as a whole.
"At the same time, organisations are also encouraged to increase the amount of existing investments that can benefit all its members," he said.
Also present were Deputy Agriculture and Food Industries Minister I Datuk Seri Ahmad Hamzah, Deputy Agriculture and Food Industries Minister II Dr Nik Muhammad Zawawi and MAFI Secretary-General Datuk Haslina Abdul Hamid.
Since its launch on Dec 17, 2012, DPK has managed assets worth RM220 million including financing several Petronas and Petron petrol stations projects as well as re-plantation of palm oil, fertigation of plants, purchase of farming machineries, and others.