The Star reported on 1 December 2010 that Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) which manages 18 oil palm plantations in the State’s southern region, is to reward its participating landowners with the biggest ever dividend payout of RM74.3 million.
Chairman Tan Sri Alfred Jabu said the dividend this year was more than doubled last year and would be paid to some 20,000 landowners in two phases – the first 50% between January and February and the second by July 2011.
The dividend that the landowners will receive will be based on the performance of the plantations and their maturity status.
SALCRA is the first to develop the vast native customary right (NCR) land, which covers an estimated 1.5 million ha statewide.
Under a new development model, the Sarawak government is getting major plantation companies to team up with the landowners via joint ventures to open up the idle or under-utilized NCR land on a big scale.
Chairman Tan Sri Alfred Jabu said the dividend this year was more than doubled last year and would be paid to some 20,000 landowners in two phases – the first 50% between January and February and the second by July 2011.
The dividend that the landowners will receive will be based on the performance of the plantations and their maturity status.
SALCRA is the first to develop the vast native customary right (NCR) land, which covers an estimated 1.5 million ha statewide.
Under a new development model, the Sarawak government is getting major plantation companies to team up with the landowners via joint ventures to open up the idle or under-utilized NCR land on a big scale.
SALCRA’s earnings have been boosted by the soaring prices of fresh fruit bunches (FFBs) and crude palm oil (CPO).
The FFBs now fetch nearly RM600 per tonne while the average CPO price this year is around RM2,550 per tonne compared with RM2,196 last year.
Jabu, also Sarawak Deputy Chief Minister, said that as at September, SALCRA had nearly 48,000 ha oil palm plantations, of which 41,000ha are matured.
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The Broken Shield: On paper, the dividend appears to be big. In fact, according to SALCRA, it is the biggest dividend payout – RM74.3 million to some 20,000 landowners.
Let us look into it mathematically: RM74, 300,000 divide by 20,000 landowners equals to RM3, 715 per participant per year. RM3, 715 divide by 12 months equals to RM309.50 per participant per month. Again we divide RM309.50 by 30 days, the result will be RM10.31 per landowner per day.
As Jabu said, 50% will be paid between January and February, the amount each land owner receives will be around RM5.16 per landowner per day. Assume, the average family is four, and then each person is entitled to RM1.29 per day. It is just enough to buy a cup of coffee.
It appears that the SALCRA landowners belong to the hardcore poor in the state earning an income of RM309.50 per month, if we take the RM750 as the poverty line.
I would have thought that some Dayak women selling “paku-tubu” would earn a profit of RM50.00 a day. In a month, the smart ones could earn between RM1,000 and RM1,200 a month.
So to me, the SALCRA’s dividend is pleasant to the ears and for the ears of rural voters. You know the State election is coming. But it is a tale told by an idiot, full of sound and fury, signify nothing.
Source: www.thebrokenshield.blogspot.com
The Broken Shield: On paper, the dividend appears to be big. In fact, according to SALCRA, it is the biggest dividend payout – RM74.3 million to some 20,000 landowners.
Let us look into it mathematically: RM74, 300,000 divide by 20,000 landowners equals to RM3, 715 per participant per year. RM3, 715 divide by 12 months equals to RM309.50 per participant per month. Again we divide RM309.50 by 30 days, the result will be RM10.31 per landowner per day.
As Jabu said, 50% will be paid between January and February, the amount each land owner receives will be around RM5.16 per landowner per day. Assume, the average family is four, and then each person is entitled to RM1.29 per day. It is just enough to buy a cup of coffee.
It appears that the SALCRA landowners belong to the hardcore poor in the state earning an income of RM309.50 per month, if we take the RM750 as the poverty line.
I would have thought that some Dayak women selling “paku-tubu” would earn a profit of RM50.00 a day. In a month, the smart ones could earn between RM1,000 and RM1,200 a month.
So to me, the SALCRA’s dividend is pleasant to the ears and for the ears of rural voters. You know the State election is coming. But it is a tale told by an idiot, full of sound and fury, signify nothing.
Source: www.thebrokenshield.blogspot.com

