Bangkok:The Bank for Agriculture and Agricultural Cooperatives (BAAC) has commenced the transfer of financial assistance to rice farmers, providing 1,000 baht per rai (approximately 0.16 hectares) of land from November 11th.
According to Thai News Agency, the Cabinet has resolved to allocate over 1.5 billion baht for this initiative, with initial transfers targeting 135,978 households and amounting to 835.43 million baht. The BAAC emphasizes the importance of promptly delivering funds to enhance liquidity for rice farming households.
Mr. Chatchai Sirilai, Manager of BAAC, noted that the BAAC Board, under the leadership of Dr. Ekniti Nitithanprapas, has directed the expedited transfer of funds to eligible farmers at a rate of 1,000 baht per rai, up to a maximum of 10,000 baht per household. This assistance is intended for the 2025/2026 crop year.
The funding initiative follows the Cabinet and BAAC Board's approval of an additional 1,545.98 million baht aimed at supporting 233,729 households. This includes 120,206 households from the initial target group and an additional 113,523 newly certified eligible households. The Ministry of Agriculture and Cooperatives will provide a subsidy of 1,000 baht per rai, with BAAC as the primary mechanism for disbursement.
The financial aid is expected to alleviate immediate expenses, improve liquidity, and serve as working capital for farming households. The overall project aims to support approximately 4.74 million rice farming households across 38.56 million rai with a total budget of 38,564.58 million baht. BAAC is committed to implementing the government's directives to ensure comprehensive and efficient assistance to the farmers.