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Mr. Mint Ngoenruang, Deputy Manager of the Bank of Agriculture and Agricultural Cooperatives (BAAC), revealed that according to the Cabinet (Cabinet) resolution, BAAC agreed to undertake an income insurance program for farmers, rubber producers, phase 2 rubber producers a stable income from income insurance Help alleviate the problems of falling rubber prices. Due to the economic recession due to the epidemic crisis of COVID-19. And create professional stability Target: 1.83 million farmers, rubber plantation area of more than 18.28 million rai, budget budget of 9.717 million baht, with income insurance for each type of production, including rubber sheets raw, good quality, price insurance 60 baht / kg, fresh latex (RDC 100%), insurance price 57 baht / Kg and rubber buckets insurance (DRC 50%), price 23 baht / kg, insurance period of income for a period of 6 months (October 2020? (March 2021), today (December 10, 2020), BAAC has started to transfer more than 1 billion baht of said income guarantee to more than nine hundred thousand farmers.
For income insurance payment criteria Rubber producers must register and report information about the rubber plantation area with the Thailand Rubber Authority (RAOT), which is a rubber plantation of 7 years or more that is has opened, each individual does not exceed 25 rai. Income Dry rubber yield (DRC 100%) quantity 20 kg / ha / month. And the performance of rubber cup buckets (DRC 50%) of 40kg / rai / month. The Rubber Authority of Thailand will inspect and certify the rights. Along with processing and sent to BAAC to transfer money directly to the farmer’s account. Wherein the monthly income insurance premium = (rubber income insurance price – reference sales price) X the amount of rubber production according to the rubber extraction area Dividing the income If the owner of the garden is you are taking advantage of, you will receive the difference in the insurance of the total amount. In case of hiring of rubber threading The rubber planter will obtain 60 percent and the extraction will obtain 40 percent of the total income. With the announcement of the average reference price every month And will it be paid From November 2020? September 2021, where farmers can verify their money transfers through the BAAC A-Mobile app 24 hours a day or at all BAAC branches across the country. 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.
