Cabinet Approves 7.6 Billion Baht to Guarantee Rubber Farmer Prices

[snoop1130]

 

BANGKOK (NNT) - Around 1.6 million registered rubber farmers will be able to sell raw rubber at a guaranteed price for the 2022-2023 season, after an assistance program was approved by the Cabinet on Tuesday (28 Feb).

 

According to a government announcement, the cabinet has approved 7.6 billion baht for the price guarantee for the 2022-2023 season. The program will cover around 1.6 million rubber farmers with a combined 18.2 million rai of rubber plantations.

 

The initiative offers compensation if rubber market prices fall below the benchmark. Farmers are guaranteed a maximum price of 60 baht per kg for raw rubber sheets, 57 baht per kg for latex, and 23 baht per kg for cup lump, with a maximum of 25 rai per family.

 

The program is managed by the state-owned Bank for Agriculture and Agricultural Cooperatives. According to officials, the initiative is the fourth stage of an ongoing program and provides for a 40-60 split of earnings between rubber tappers and plantation owners.

 

Prime Minister Gen Prayut Chan-o-cha said addressing decreasing crop prices is still a top concern, as officials are working to find the best solution to alleviate financial problems for farmers around the country. He also noted that the government has spent 30% of the national budget to deal with falling crop prices and will strive to do more to address the issue.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230301152222222

 

-- © Copyright NNT 2023-03-01

 

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[scottiejohn]

Another "Rice Subsidy Scheme" in the making?

 

Edited March 1, 2023 by scottiejohn

[stoner]

ok

[Srikcir]

Yingluck rice subsidies criminal. Prayut rice, rubber, eggs, sugar cane, etc, subsidies are gifts to the people (who support military regimes).

Is there an election coming soon?

[Eric Loh]

23 minutes ago, Srikcir said:

Yingluck rice subsidies criminal. Prayut rice, rubber, eggs, sugar cane, etc, subsidies are gifts to the people (who support military regimes).

Is there an election coming soon?

The Southern provinces are his best and probably only chance for his party to win seats. He need to get at least 25 seats to be candidate for Prime Minister. This is his desperate and last chance effort to get to that magical number in his last few days in office. Just another form of vote buying.  

Edited March 2, 2023 by Eric Loh
wrong word

[GregBow]

Anyone.What is the current price for rubber in cup? I am in Bueng Kan province?

[farmerjo]

It makes sense.

Unless you want another 18 million rai of sugarcane.

[Sydebolle]

The taxpayer will be, once more again, delighted over the fact, that they finance pre-election vote-buying for the present set of circus directors. 
Wondering how long that can go on ......... you see, what kind of commercial havoc such  subsidies can trigger off ........ If you cannot produce competitive rubber, then grow something else or study, how to become more efficient 

[Negita43]

Clearly trying to "bounce back"

[PETERTHEEATER]

22 hours ago, scottiejohn said:

Another "Rice Subsidy Scheme" in the making?

 

That's a stretch of the imagination........

[zzaa09]

Government meddling in [and controlling] the free market......again. 

[herfiehandbag]

I wonder, in what part of the country is rubber the major crop, and who are the major plantation owners ( not the little people who go out at 4am to tap it, but the people who own the big plantations)?

 

Just wondering...

[zzaa09]

18 minutes ago, herfiehandbag said:

I wonder, in what part of the country is rubber the major crop, and who are the major plantation owners ( not the little people who go out at 4am to tap it, but the people who own the big plantations)?

 

Just wondering...

Start your explorative research in the far south.

[scottiejohn]

5 hours ago, PETERTHEEATER said:

That's a stretch of the imagination........

A stretch of whose imagination of what?

[herfiehandbag]

43 minutes ago, zzaa09 said:

Start your explorative research in the far south.

Hmm, coincidentally...

[PETERTHEEATER]

8 hours ago, PETERTHEEATER said:

That's a stretch of the imagination........

And some fell on stoney ground......

Stretch.......rubber......????

[hotchilli]

On 3/1/2023 at 5:34 PM, snoop1130 said:

Around 1.6 million registered rubber farmers will be able to sell raw rubber at a guaranteed price for the 2022-2023 season, after an assistance program was approved by the Cabinet on Tuesday (28 Feb).

Subsidies and price fixing yet again..