‘BAAC’ has transferred money to ‘rice price insurance’ and 8.387 million baht. Who can get it?



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November 17, 2020


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“BAAC” finances “rice price insurance” in the project “Farmers income insurance”, the first round of rice farmers, 8.387 million baht. Who can get it?

According to the Cabinet resolution of November 3, the project was approved. And measures to help rice farmers “Rice price insurance” Year of production 2020/64 total amount of 51.858 million baht, consisting of 3 main projects:

1. 2-year income insurance program, price and quantity “Farm income insurance” Same as last year, including jasmine rice. The insurance price is 15,000 baht per ton, the amount does not exceed 14 tonnes, Hom Mali rice outside the area. The price of the insurance is 14,000 baht per ton, the volume does not exceed 16 tons. Insurance price 10,000 baht per ton, volume not more than 30 tonnes, fragrant rice, Pathum Thani Insurance price is 11,000 baht per tonne, volume does not exceed 25 tonnes, sticky rice. The price of insurance is 12,000 baht per ton, the volume does not exceed 16 tons. Operation period from October 2020 to May 2021.

2. Measurements in parallel with “Income Insurance Program for Rice Farmers, Year 2020/64” Including (1) the project to delay the sale of paddy rice (Operation period from November 1, 2020 to February 29, 2021) In addition, farmers will receive credit and will not pay interest. Farmers with a barn will receive a deposit fee of 1500 baht per ton, in the case of cooperatives, they will receive 1000 baht per ton, and members will receive 500 baht per ton. (2) a credit scheme to collect rice and create added value by agricultural institutions. (Period of operation from October 1, 2020 to September 30, 2021)

The cooperative loses 1% interest and (3) the interest compensation scheme for rice traders in planting. Operation period November 1, 2020 – March 31, 2021 Entrepreneurs who keep the rice for a period of 2 to 6 months and will receive an interest compensation of 3% will be able to absorb the offer during the time that the paddy rice leaves to the market to stabilize the price of rice. With a target of 7 million tons of rice This will stabilize the price of rice, which will help the government to save the budget for compensation under the Income Insurance Plan.

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AND 3. A project to support management fees and product quality development.Rice farmer The 2020/64 production year will start in November 2020 to help reduce production costs for rice farmers. It helps farmers to increase the efficiency of rice production. In the first phase to be effective in managing the government budget. It will pay farmers who are registered as rice producers for the 2020/64 production year in the first round, preliminary at a rate of 500 baht per rai, no more than 20 rai per household, and in the next period it will be discussed with relevant and present agencies Cabinet To receive more budget allocations

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Alongkorn Polabut, Advisor to the Minister of Agriculture and Cooperatives, said that Dr. Chalermchai Si-on, Minister of Agriculture and Cooperatives, handed over the policy to the departments of the Ministry of Agriculture. Work with the Ministry of Commerce and BAAC Closely to ensure the speed and transparency of the rice producer income insurance program, as well as parallel measures and other programs. Help rice farmers and prevent price risks from losing. In addition to reducing the burden of government costs to solve the problem of rice prices with the market mechanism that continues to function normally

For the progress of the project “Farm income insurance” Rice farmers, production year 2020/64, round 1 “BAAC” Recent reports sayThe difference has been transferred to rice farmers as of November 16, 2020 in the amount of 786,380 boxes, amounting to 8,387 million baht. What is a farmer who is registered to plant a type of rice? And it will transfer the rest to farmers who plant more than one type of rice to be completed by November 18, 2020, or at the latest this week. Since there are still 161 farmers who have problems with bank account problems such as closed accounts or held accounts, the BAAC will rush to resolve to complete the transfer of the difference to each individual as soon as possible.

Regarding the case BAAC Excessive transfer, partial transfer of funds, BAAC reported that it is a technical problem, that BAAC will proceed to arrange payment of the deficit. For the number of farmers, farmers, round 1, registered with the Ministry of Agriculture is 839,682, which is the Ministry of Agriculture. You have sent information to BAAC to transfer the difference

However, the transfer of money according to the projectIncome insuranceYear 2, Round 1, in accordance with the Cabinet Resolution of November 3, 2020 and the announcement of the Supervisory Subcommittee and the Core Criteria for Project ReferenceIncome insurance for rice farmers Re: Rules, conditions and procedures for the implementation of the Income Insurance Program for Rice Growers Year 2020/64, Round 1, dated November 9, 2020, which will be used to compensate the difference according to the project, humidity of the rice for each type of not more than 15% With compensation of the price difference

  • Hom Mali Paddy Insurance, 2,911.17 baht per ton
  • Hom Mali rice outside the zone 2,137.45 baht per ton
  • Paddy rice 1,222.36 baht
  • Pathumthani aromatic rice 1,066.96 baht per ton
  • Glutinous rice with glutinous rice 2,084.34 baht per ton

The reference price will be released every 7 days until the end of the project. In which each rice producer receives the difference If you plant fragrant rice, Pathum Thani will receive the maximum difference of 26,674 baht, while glutinous rice will receive the difference of up to 33,349 baht. Receive the maximum difference of 36,670 baht. Hom Mali’s rice outside the area. Receive the maximum difference of 34,199 baht and Hom Mali rice will receive the difference up to 40,756 baht per household.

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