BAAC plans to boost export of high-value agricultural goods

Photo: Nutthawat Wicheanbut/Bangkok Post

Chatchai Sirilai, the president of the Bank for Agriculture and Agricultural Cooperatives (BAAC), stated that the bank will augment its role as a facilitator for the export of high-value agricultural goods. This move is aimed at increasing income for farmers.

The BAAC’s strategy is focused on nurturing a new generation of farmers who concentrate on producing quality products, rather than mass quantities. Chatchai believes that the development of agricultural goods should be market-led, as prices of commodities produced in large volumes are likely to drop without a target market.

Chatchai also stressed the importance of technology adoption in the production and distribution of BAAC’s agricultural goods exports. In particular, integrating automation into agriculture through digital platforms could result in a…