KUALA LUMPUR, Jan 3 — The Federation of Livestock Farmers’ Associations of Malaysia today called on the government to provide subsidies and soft loans to farmers so that they can make up for losses sustained throughout the Keluarga Malaysia Maximum Family Price Scheme .
“The continued loss of farmers’ income will affect the production of the cheapest source of protein in our country. The authorities need to be concerned about the country’s food security,” FLFAM said.
Forced price reductions lead to shortages. This is basic economics. What we are seeing is the beginnings of total market failure. They better do something quick.
Price controls in a free market will never work
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