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November 25, 2020
65,265
See rice price guarantee Farm income insurance check, BAAC, another transfer today, pay in 2 installments, more than ten billion
People’s Interest Stream (Nov 25) Farmers continue to monitor payments in accordance with Farm income insurance program The latest advances Mr. Mint Ngern Ruang, Deputy Manager of the Bank of Agriculture and Agricultural Cooperatives (BAAC) revealed that according to the resolution of the Cabinet (Cabinet) at the meeting of November 3, 2020 a budget was approved for its use Paid for the implementation of the income insurance program of rice producers for the year 2020/64, initially amounted to 18,096.06 million baht, which BAAC has transferred the compensation for the difference to farmers in the first delivery of 786,219 households a Money 9,128.48 million baht
The second installment payment was originally scheduled for November 19, 2020, but due to the situation, the price of each type of rice this year was much lower than the previous year. As a result, the difference in compensation approved by the Cabinet is insufficient to make up the difference. To all farmers in the 2nd installment
However, to ease the suffering of farmers, BAAC has been in talks with the Department of Homeland Commerce. Ministry of Commerce up close At the meeting of the Subcommittee on Supervision and Determination of Central Criteria for Rice on November 23, 2020, BAAC passed a resolution requiring BAAC to pay compensation for the second payment to farmers in accordance with the harvest date specified by the farmers Farmer registration with the Department of Agricultural Extension That is, from November 9 to 14, 2020, in the amount of 636,118, amount of 5,684 million baht according to the remaining budget as of November 25, 2020
602,485 farmers harvested on November 15, 2020, with an amount of 5,641 million baht, and farmers who are eligible to receive compensation for the difference in the third installment of the Supervisory Subcommittee and the establishment of intermediate criteria for the scheme of farmers’ income insurance. The 2020/64 production has announced the average price as of November 23, 2020 and has already set aside the difference in the insurance price. Hom Mali rice 3,059 baht per tonne, Hom Mali rice outside the area, 2,281 baht per tonne, Chao Phat rice 1,036 baht per tonne, Pathumthani fragrant paddy rice 1,055 baht per tonne, sticky paddy rice 996 baht per tonne, others 1,497. 508 boxes with a limit of 12.9 billion baht. Consider approval of additional credit lines in accordance with the resolution of the Rice Policy and Management Committee (NDC) that, when approved by Cabinet, BAAC will expedite the transfer of money to farmers as soon as possible.
Mr. Mint added that BAAC had sufficient liquidity to support the operation of the top five crop income insurance programs in accordance with government policies.
You can check the rice price insurance deposit at https://chongkho.inbaac.com/
