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November 7, 2020
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Check here it is complete! Farm income insurance program Details open for “rice” price insurance and “rubber” price insurance after the government has approved the 6 billion budget
Farm income insurance program (November 6) became public attention after Cupboard or closet It has a resolution to approve that on November 3, 2020, the total amount of the farmers’ income insurance program is approximately 60 billion baht, separated into Income insurance for rice farmers Year 2020/21 with 3 parallel measures AND the project to support the management and development of the quality of life of rice farmers, production year 2020/64, the amount of 50 billion baht and Income insurance for farmers, rubber planters, phase 2 Credit amount 10,042 million baht
Details of the rice farmers’ income insurance plan
by5 types of rice income insurance Moisture content must not exceed 15%, inclusive
1. Hom Mali Rice The price of insurance is 15,000 baht per ton, not more than 14 tonnes per household.
2. Hom Mali rice outside the area The insurance price is 14,000 baht per tonne, not more than 16 tonnes per household.
3. Rice The price of insurance is 10,000 baht per ton, not more than 30 tonnes per household.
4. Aromatic rice, Pathum Thani The insurance price is 11,000 baht per ton, not more than 25 tonnes per household.
And 5. sticky rice The price of insurance is 12,000 baht per ton, not more than 16 tonnes per household.
Is Farmers who are entitled to compensation You must register rice producers for production year 2020/64 (Round 1) with the Ministry of Agriculture and Cooperatives. Rice planting between April 1 and October 31, 2020, except in the southern region, between June 16, 2020 and February 28, 2021, where farmers can join the insurance scheme only 1 time per plot to avoid duplicate payments.
With regard to payment, BAAC will pay the money directly into the farmer’s account within the specified period within 3 business days from the date of the subcommittee. Establish the intermediate criteria for the rice producer’s income insurance program, announcing the average reference price for each round in order to reduce the burden of participating in the income insurance scheme. Farmers do not have to enter into an income insurance contract with BAAC.
Parallel measures to the farm income insurance programRice producers, year 2020/64
It consists of 3 projects:
1. Loan project to delay the sale of paddy rice, production year 2020/64, amount 19,826 million baht, project period from November 1, 2020 to December 31, 2021
2. Credit project to harvest rice and create added value by farmers institute, production year 2020/64, amount 15,000 million baht, project duration October 2020 – December 31, 2021
3. Interest compensation plan for rice traders in stock storage, amount 610 million baht, production year 2020/64, project period from October 1, 2020 to October 31, 2022, in which the 3 projects will cost a total budget of 35.999 million baht.
In addition, the Cabinet also agreed to a project to support the management and quality improvement of rice farmers for the production year 2020/2021 by paying farmers who registered rice farmers with the Department of Agricultural Extension at a rate of 500 baht per rai. More than 20 rai per household or no more than 10,000 baht per household as preliminary payment Amount of payment made 28,046 million baht
Income Insurance Program for Rubber Producers, Phase 2 Credit amount 10,042 million baht
The Cabinet also approved the project.Income insurance for farmers, rubber planters, phase 2 10,042 million baht to increase income and strengthen rubber producers during the COVID-19 epidemic Covering more than 1.8 million rubber producers and more than 18 million rai of rubber plantation area
By adhering to the original criteria of the first phase of the project, there are 3 types of rubber income insurance: 1) good quality raw rubber sheets price 60 baht per kg 2) fresh latex (DRC 100%) price 57 baht per kg. AND 3) Gum in cup lumps (DRC 50%) at 23 baht per kg. When determining the amount of rubber that will ensure income is dry rubber (DRC 100%), the amount that does not exceed 20 kg / rai / month. And the yield of rubber cup cubes (DRC 50%) in an amount not exceeding 40 kg / ha / month
For farmers participating in the project You must be registered withRubber Authority of Thailand (RAOT) It is a rubber plantation that is 7 years old and has already opened the rubber extraction no more than 25 rai each, with an income share between the owner of 60% and the rubber extraction of 40%. The project period from September 2020 to September 2021 (income insurance From October 2020 – March 1, 2021) However, the price of Class 3 smoked rubber sheet in the past has moved above the 80 baht per kg. No need to pay compensation. That the government will try to keep the price of rubber at this level
Cabinet approves 4 parallel projects According to the resolution of the Natural Rubber Policy Committee No. 1/2020
1. ProjectSupport loans as working capital for entrepreneursWood and rubber products Aims to mitigate the effects of COVID-19. And help rubber producers to sell rubber trees at fair prices Including support for the reduction of rubber plantation areas By commercial banks or specialized financial institutions Provide credit support to entrepreneurs of wood and rubber products. In which the government compensates the interest of entrepreneurs at a rate of 3 percent per annum but not more than 600 million baht and a project management fee of 4 million baht.
The objectives of the project are as follows: (1) operators of rubber products and wood can continue their business by 80%; (2) stimulate 400,000 rai of rubber cuttings and absorb 12 million tons of rubber wood from crushing; and (3) Expected price of rubberwood, average 1300 baht per ton, project duration from October 2020 to September 2022
2. ProjectsDevelop the potential of the farmers’ institute to stabilize rubber prices And a project to create human resources to stabilize rubber prices Extends the repayment period for both loans to the Bank of Agriculture and Agricultural Cooperatives (BAAC) (1) by extending the repayment period to December 31, 2023 from 31 May 2020 by providing The Ministry of Finance extended the loan guarantee period with BAAC and waived the loan guarantee fee. In addition to offsetting the cost of money at the rate of FDR + 1 (2), taking the money from the rubber drainage in the stock and requesting a budget to compensate for the losses, repaying the BAAC loan, the full amount of both projects in the amount of 9,955.32 million baht Request for approval to allocate budget for expenses such as warehouse rent, insurance, rubber production wages and others for a total of 898.76 million baht
3. Credit support program for the rubber products manufacturing company (same amount) with a total amount of 25 billion baht. The improvement of the criteria and methods for the implementation of the project is as follows: (1) Provide credit to entrepreneurs by commercial or state banks. (Specialized financial institutions) can be obtained from all commercial bank banks. (2) Entrepreneurs who receive credit for every 1 million baht have to increase the consumption of rubber in the country to 2 tons per year in the original production year 2020 set in Year 1 to 2 of the investment should be increased to 2 tons per year, and the third year at 4 tons per year) and (3) the Rubber Authority of Thailand (RAOT) examines the use of rubber operators as Annually in the production year 2020 from the original set in monthly Using the Original credit limit of the project In the past, the company approved loans for entrepreneurs 14,038.20 million baht, the remaining budget of the project is 10,961.80 million baht.
4. ProjectsSupport loans as working capital for commercial rubber operators (dry tires) Increase activities to help commercial rubber operators In the situation of the COVID-19 outbreak By using the original project credit in the amount of 20 billion baht, whose activities increased in this time Encourages entrepreneurs to buy rubber as raw material in the production of the new season monthly. To achieve market circulation If tires are not purchased, they will not be compensated that month. The government will offset the interest at the rate actually paid. But no more than 2% per year for the period from January 2020 to December 2021 Existing project activities are that participants must have more than one year of the average rubber stock if Authorities randomly detect that actions are lower or equal to the average shares of the last year, they will not receive an annual interest compensation of 3 percent from the government, which has been previously approved by four participants. Loans of 2,410 million baht, with the amount of storage under the project 75,692 tons of the target of 350,000 tons.
