Area
Thailand
Commodity Group
Rice
Commodity
All
Date
21/06/2016
Policy Category
Production
Policy Instrument
Production support
Description
Approved a budget of THB 45.6 billion (USD 1.3 billion) to assist rice farmers affected by drought. The initiative will provide 3.7 million rice-farming households with an outlay of THB 1000 per rai (USD 177 per hectare) for up to 10 rai (1.6 hectares), in addition to extending debt repayment periods for two years and lowering interest rates on loans provided by the Bank of Agriculture and Agricultural Cooperatives (BAAC). A separate THB 60 per rai (USD 11 per hectare) will be extended to producers availing themselves of crop insurance.
Notes
Exchange rate as of 1 July 2016.
