Where’s the beef (Part X) – Time to hold the bull by the horn

by Dr R@28

Where’s the beef Part 1

Where’s the beef Part 2

Where’s the beef Part 3

Where’s the beef Part 4

Where’s the beef Part 5

Where’s the beef Part 6

Where’s the beef Part 7

Where’s the beef Part 8

Where’s the beef Part 9

• I am sad about the whole NFC fiasco. I sympathized Shahrizat but then I cry for the country. The government is not very careful with the nations money. Shahrizat political future looks bleak. To win she needs to contest in a very safe area. Such an area would be Setiawangsa where Mindef is located within the parliamentary area. Meantime she needs to lay low and the hope that NFC issue will phase away. I suspect that would not happen as PR is releasing one bullet per week that is aimed at UMNO/BN at large. What ever it is, the damage can be seen. From where I am standing, it might be game over for SJ. She may no longer fall into the category of “winnable candidate”

• To control the damages, the government must move on in two fronts. Using their golden share in NFC they must take over the company and operations. I believe the shareholders would welcome this as they can walk away clean. Being a limited liability company unless otherwise guaranteed by the shareholders, they may not be required to pay back the RM250 mill. The government must manage the loan recovery process. By hook or by crook the government must show that it is sparing no effort in recovering every single dime with interest.

• On the second front, NFC primary objectives must be revived. The methodology must change. To revive it means that the government must spend more money. To spend more money they must ensure that this time it is done right. Otherwise, it would be hara-kiri for BN. The focus must be on increasing local meat production. The key approach is to work with existing local successful breeders. At the same time they need to develop new generations of farmers to replace the current last generation of farmers. I believe in the next 15 years, there will be no more dairy farmers left in this country. Most of the children will not want to continue this family business. Feedlotting is the easiest part of the whole process. It requires no rocket science. The focus should be on genetics and animal breeding. Whoever takes over NFC would need to develop a massive breeding plan involving these farmers and manage their own cash flow by feedlotting-imported animals. Clearly they have to move out from Gemas as there is no gold there!