Jump to content

Over 2.4 million farmers to get cash assistance under rice price guarantee scheme from Dec 9


webfact

Recommended Posts

Over 2.4 million farmers to get cash assistance under rice price guarantee scheme from Dec 9

By THE NATION

 

800_d48cb2deee031fb.jpg?v=1607299220

 

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will disburse Bt20.4 billion to some 2.4 million farmers on Wednesday after the Cabinet approved an additional budget of Bt28 billion for the government’s rice price guarantee scheme.

 

This amount is in addition to the originally santioned budget of Bt18 billion.

 

The scheme aims to compensate nationwide rice farmers of over 4.56 million households.

 

“The reason why the scheme needs a higher budget is that this year’s rice prices have dropped more than previously estimated,” said Kasab Ngernrungrong, BAAC deputy manager.

 

“The price of Hom Mali [jasmine] rice is currently Bt2,899 per tonne lower than the guarantee price, round rice is Bt877 per tonne lower, Pathum fragrant rice is Bt1,039 per tonne lower, and sticky rice is Bt933 per tonne lower.”

 

The scheme limits the maximum amount of rice guaranteed per household: Hom Mali rice is capped at 14 tonnes, round and Pathum fragrant rice at 25 tonnes and sticky rice at 16 tonnes.

 

The BAAC also has earmarked Bt15.28 billion as subsidy for farmers who keep unmilled rice in their barns instead of selling to the mills in a bid to prevent oversupply which will cause the rice price to plummet further.

 

“Farmers who keep unmilled rice would get Bt1,500 subsidy per tonne, and they would be allowed to sell their rice when the price situation improves,” he said.

 

“We estimate that towards the year-end more than 200,000 farmers will apply under the campaign.

 

“The bank would try to disburse the money under related schemes to rice farmers before the year-end so that they could invest in next year’s cultivation as well as spend during the new year festival. We estimate that when combined with all available measures, a rice farmer could receive up to Bt70,000 from the BAAC,” he added.

 

Besides rice, the BAAC is also responsible for price guarantee schemes of other crops, including rubber with a budget of Bt9.7 billion, tapioca (Bt9.5 billion), corn for animal feed (Bt1.8 billion), oil palm (Bt8.8 billion), and longan (Bt3.4 billion).

 

Source: https://www.nationthailand.com/news/30399201

 

 

nation.jpg

-- © Copyright The Nation Thailand 2020-12-07
 
Link to comment
Share on other sites


6 minutes ago, mr mr said:

 

throughout my life i have always associated the word scheme with scam for some reason. 

 

I assume that there is a Thai word, which translates to "scheme" but probably has a less Dr. Evil-sounding meaning? Maybe something the higher classes decide is best for the lower-classes?

  • Like 2
Link to comment
Share on other sites

8 hours ago, webfact said:

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will disburse Bt20.4 billion to some 2.4 million farmers on Wednesday after the Cabinet approved an additional budget of Bt28 billion for the government’s rice price guarantee scheme.

Is this the same as price fixing?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








  • Topics

  • Latest posts...

    1. 489

      White Culture

    2. 189

      The Republican Freak Show

    3. 67

      Liquid limits at airport security...

    4. 4

      Iran's Nuclear Ambitions and Israel's Growing Concern

    5. 364

      Harris Lies, Americans Die. Illegal Aliens are more Important

    6. 2,404

      Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II

    7. 0

      Horrific Bus Fire in Thailand Sparks National Debate on Safety

    8. 21
    9. 21

      Tim Walz's Verbal Missteps Stir Concerns Amid Tight Campaign

    10. 8

      Met Police Officers Reinstated After Appeal Over Bianca Williams Stop and Search Incident

    11. 8

      Met Police Officers Reinstated After Appeal Over Bianca Williams Stop and Search Incident

    12. 2

      harris sidesteps question on whether Bibi is a good US ally

    13. 2

      harris sidesteps question on whether Bibi is a good US ally

    14. 43

      Which state that Trump won in 2020 will he lose this time?

×
×
  • Create New...