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Mr. Mint Nernruang, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that today (December 10) the bank has started transferring income insurance to rubber growers for more than 900,000 cases. 1 billion baht per income insurance payment criteria Rubber producers must register and report information about the rubber plantation area with the Rubber Authority of Thailand (RAOT), which is a 7-year-old rubber plantation or The more that has been opened, each individual does not exceed 25 rai. Income The dry rubber yield of 20 kg per rai per month. And the yield of rubber cup buckets in the amount of 40 kilograms per rai per month
The Rubber Authority of Thailand will verify and certify the rights Along with the processing and sent to BAAC to transfer money directly to the farmer’s account. What is the income from the money insurance each month? Dividing Income If the garden owner is taking advantage, he will receive the difference in insurance for the total amount. In case of hiring of rubber threading The rubber planter will obtain 60% and the extraction will obtain 40% of the total income. With the announcement of the average reference price each month
For the farmers’ income insurance program, Phase 2 targets 1.83 million farmers, a rubber plantation area of more than 18.28 million rai, a budget budget of 9.717 million baht, with a income insurance for each type of production, ie good quality raw rubber sheets, insurance price 60 baht per kg. Fresh latex insurance price 57 baht and cup rubber insurance price 23 baht, the income insurance period is 6 months.