Two-Tiered Palm Subsidies
Monday, 11 April 2022
Funds from the Oil Palm Plantation Fund Management Agency for the rejuvenation of oil palm plantations are being utilized by corporations and for palm plantations in forested areas.
WHENEVER Abdur Ratik is invited to talk about his oil palm plantation, his thoughts immediately race to his Rp106 million (US$ 7,310.3) debt to Bank Mandiri and the People’s Palm Rejuvenation (PSR) program. The 61-year-old oil palm grower from the Bukti Harapan village, Siak, Riau, resigned to the fact that his debt compiles on a daily basis. “With interest it might reach Rp300 million,” he said in mid-March....
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
To receive daily news by Email, Sign up for Tempo ID.