There seems to be a clue on when the Sarawak state election will be in the biggest ever SALCRA’s pay-out to its 20 000 participants: between Jan and July of 2010. This is because the pay-out will be made between the 2 months-thus pressuring the SALCRA participants to return the same state government to get the other half of the pay-out-which all and sundry knows is geard to buy vote!
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.