Farmers insure rice on 1.3m rai
MANY farmers have insured their rice crop - covering some 1.33 million rai - in the wake of severe drought that has ravaged many parts of the country, the secretary general of the Office of the Insurance Commission (OIC) Prawet Ongartsithikul revealed yes
After presiding over a ceremony yesterday to celebrate National Life Insurance Day at Future Park Rangsit, Prawet said that the sale volume of insurance of seasonal rice produces this year had grown since the insurance scheme was launched on May 5. The project, which initially aimed to cover 1.5 million rai, would continue until August 14, he said.
The OIC will propose that the Cabinet on Tuesday expands coverage to be 500,000 rai furthir so it will cover 2 million rai in total and allocates a further budget of Bt100 million, he said.
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