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Malaysia to Offer Crop Insurance as Part of Food Security Push

A farmer in a paddy field in Sekinchan, Malaysia.

A farmer in a paddy field in Sekinchan, Malaysia.

Photographer: Samsul Said/Bloomberg

Malaysia will offer government-backed insurance plans to help compensate farmers for losses after natural disasters, as part of measures to strengthen food security.

The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and will initially be offered to the nation’s 189,500 rice farmers, Prime Minister Ismail Sabri Yaakob said.