Farmers to benefit as price-guarantee scheme kicks off
The government's price-guarantee policy for five farm produce has raised the income of farmers. The Farmer's Income Insurance Scheme aims to raise prices and income from five major economic crops - rice, rubber, palm oil, cassava and corn.
The government has started the transfers of guaranteed income into farmers' accounts via the Bank for Agriculture and Agricultural Co-operatives, at the rate of Bt1.32 per kilogram or Bt497.49 per rai, but not exceeding 25 rai in total farming area per household. It handed out a maximum of Bt11,987.25 per farmer in the first installment on October 1. In total, the transfers will amount to Bt1,351 million.
Atirat Damdee, a member of the Board of the National Oil Palm Policy Committee (MPC), said that the guaranteed income for palm oil framers will be paid every 45 days.
The government had previously set the price at Bt1 per kilogram. It has since gone up to Bt1.32 per kilogram after the Electricity Generating Authority of Thailand (EGAT) to buy fresh palm oil (CPO) as fuel for electricity production, it is lower than the expectation.
Rueangyot Pengsakul, president of Thumphan Rubber Tapping Community Enterprise , said farmers are waiting for ageement from the President of Rubber Screaming Community Enterprise Group, Tham Phannara, Nakhon Si Thammarat on October 4 , a bouth rubber' price that is at Bt60 baht per kilogram. They will stage a protest on 15 October in the event of delay.
Thirachat Saekrathok, Acting President of Cassava Farmer Association in Nakhon Ratchasima said Boonjong Wongtrairat, a member of the Palang Pracharath Party, will help submit a letter to Prime Minister Prayut Chan-o-cha, to ensure that they would be paid Bt3 per kilogram, starting in November.
The average price of fresh cassava, sold by farmers, is Bt2.20 per kilogram (25% flour).
Wichian Kititasan Sorachai, Adviser to Petchaboon corn farmer in Petchaboon, Phetchabun, said that corn price has now fallen to Bt8 per kilogram, from the average of Bt9/kilogram. Farmers have agreed to sell at no less than Bt8.50 per kilogram, as proposed to the Commerce Commission (KMC), the House of Representatives last week.