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Start of the rubber income insurance Phase 2 ‘BAAC’ paid 1.24 billion first installments in farmers bags
Mr. Nakorn Lakwirapat, Governor of Thailand Rubber (RAOT) It revealed that according to the Cabinet (Cabinet) approved the approval of the income insurance program for rubber tappers, Phase 2 on November 3, 2020 to the rubber tappers who participated in the project amounted to 1.82 million people with a budget of more 10,042 million. Baht with the aim of helping rubber producers who were affected by the situation of the COVID-19 outbreak that affects the economy of the country as a whole especially in the national rubber industry. Including affected rubber producers as well. RAOT urged seeking measures to help rubber producers.
Nakorn said that for the Rubber Farmers Income Insurance Program, Phase 2 has a total operating period of 6 months, from October 2020 to March 2021, with the first payment of October 2020 to 968,468 farmers across the country. The area is about 10,154,813 rai, amounting to about 1,249 million baht, which the Bank of Agriculture and Agricultural Cooperatives (BAAC) will transfer money to the savings account of rubber growers registered with the RAOT once a month . The reference price is announced for the past 30 days, based on the average Shanghai SICOM TOCOM rubber market price and other factors. To make up the difference according to the current price situation
Mr. Nakon said that in implementing the rubber planter income insurance program, Phase 2 was presented to Cabinet. Assist farmers whose rubber income yields are lower than those specified by Phase 2 of the Rubber Producers Income Insurance Program, whose rubber producers will be compensated for the difference according to the form of product sold by farmers. The three types of income insurance are established: good quality raw rubber sheets at 60 baht per kg, fresh latex (DRC 100%) at 57 baht per kg. And rubber cup buckets (DRC 50%) price 23 baht per kg For the insurance money each month It will be divided between farmers, rubber producers and people who extract rubber in a ratio of 60 to 40 to help mitigate the impact on the lives of rubber producers across the country.
Mr. Nakorn said Therefore, December 11, which is the first payment date Therefore, the Ministry of Commerce together with the Ministry of Agriculture and Cooperatives for RAOT organized a launch event. With Mr. Jurin Lakasan Wisit First Deputy Minister and the Minister of Commerce presided to promote awareness and understanding of the second phase of the income insurance program of rubber producers in Phang Nga province. He is also confident that the Farmer Income Insurance Program will definitely help alleviate rubber planter problems according to established principles.
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