Study on the factors influencing profit in cultivation of oil palm in Lembaga Kemajuan Perusahaan Pertanian (LKPP) Negeri Pahang / Adilah Shiful Annuar

• Main Author: Shiful Annuar, Adilah
• Format: Student Project
• Language: English
• Published: 2012
• Subjects: Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product; Agricultural economics; Agricultural industries
• Online Access: http://ir.uitm.edu.my/id/eprint/41862/1/41862.pdf; http://ir.uitm.edu.my/id/eprint/41862/

Investment priority in land development since the five decades has primarily been overshadowed by the importance of oil palm. This industry has significantly contributed to the nation’s economy. Malaysia becomes the World's largest oil palm exporter followed by Indonesia the second largest world exporter. Both nations are expanding their oil palm production capacity and the market continues to grow. The palm oil industry forms the economic backbone of Malaysia and continues to face new challenges in the face of globalization. Rapid responses are needed to meet the increasing challenges of the industry as they unfold. The dynamic progress of the industry is largely attributed by the strategic government approach in developing agricultural land and concerted initiatives in focusing on research and development by both the government institutions and private sectors. In line with the national agenda of empowering the agricultural-based sector, the palm oil industry will continue to play a vital role as a prime mover of the plantation commodity. Since Lembaga Kemajuan Pertanian (LKPP) Negeri Pahang is Pahang statutory body which is leading Pahang agricultural sector. This research are focused on the factors that is influencing profit in cultivation of oil palm in LKPP Negeri Pahang. The annual data from year 1998 to 2011 and interviewing session of 25 respondents are collected from LKPP Negeri Pahang. The result evidently showed that price of palm oil, production trend of oil palm and total area of oil palm plantations are influencing profit in cultivation of oil palm in LKPP Negeri Pahang