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Start paying farmers to plant 9 billion cassava.
Date Dec 01, 2020 at 6:41 PM
BAAC starts paying income insurance for cassava farmers for more than 9 billion baht
Mr. Mint Nernruang, deputy director of the Bank of Agriculture and Agricultural Cooperatives (BAAC), revealed that according to the Cabinet resolution of August 18, 2020, proposed by the Ministry of Commerce. And the resolution of the BAAC committee of August 20, 2020 approved the BAAC to implement the cassava farmers income insurance program “2020/64” to help farmers. Cassava for a certain income Help alleviate the suffering of the low price of cassava problem and create professional stability. Target farmers, 524,000 households with a budget of 9.57 billion baht, with a guarantee of 25% fresh cassava root, 2.50 baht per kilogram, no more than 100 tons per household and should not repeat the plot In the areas of Cassava cultivation across the country, today (December 1, 2020), BAAC paid an income guarantee on the first day to farmers from 752 households, totaling 10.19 million baht.
For income insurance payment criteria Cassava producers must register cassava cultivation in 2020/64 with the Department of Agricultural Extension. By reporting the cultivation from April 1, 2020 to March 31, 2021 and reporting to the Department of Agricultural Extension from the cultivation date not less than 8 months, farmers can exercise their rights during harvest as specified in the farmer register. The government will pay the first difference on December 1, 2020 for farmers who sowed from April 1, 2020 and will specify the expected harvest date before December 1, 2020 and will continue to pay every 1st day of the month periodically. Time 12 months (until November 2021)
The Department of Agricultural Extension will verify the information and send it to BAAC to transfer money directly to the farmer’s account. Said income insurance is the difference between the income insurance price and the average reference price established by the Subcommittee on Supervision and sets the benchmark for farmers’ income insurance. Cassava growers at the time of each transfer period Using the average price to buy 25% fresh tapioca root that is actually traded on the market in the provinces that are major growers Covers all regions Farmers can verify transfer of money through the BAAC A-Mobile app 24 hours a day or at all BAAC branches nationwide. And if farmers request the BAAC Connect service, they will receive a notification message via LINE Official BAAC Family when the funds have been credited to their account.
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