Rice farmers will get Bt20,000 to delay sale of their crops

Starting next Tuesday, Bank of Agriculture and Agricultural Cooperatives (BAAC) will be paying rice farmers 1,000 baht per 0.16 hectares, up to a maximum of Bt20,000 per household, under the government’s program to encourage farmers to delay the sale their 2023-24 harvest until the market price is right.

The “rice quality development and management program” will cost the taxpayer about 56 billion baht for the 4.68 million farming households who have registered with the Department of Agriculture Extension to receive financial support.

Payments will be disbursed in five instalments:

The first, scheduled for November 28, is for farmers in Chiang Mai, Nan, Phrae, Udon Thani, Roi-et, Maha Sarakham and Ubon Ratchathani.

The second, scheduled for November 29, is for farmers in Lampang, Phayao, Mae Hong Son, Lamphun, Phichit, Phetchabun, Nakhon Sawan, Phitsanuloke, Sukhothai,…