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

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

13 Sept 14:26 Key points summarised by AI
  • The government is launching a 56 billion baht program to encourage 4.68 million rice farming households to delay selling their 2023-24 harvest.
  • Farmers will receive up to Bt20,000 per household (Bt1,000 per 0.16 hectares) to hold crops until market prices improve.
  • Payments will be disbursed in five installments, commencing November 28, targeting specific provinces each day.
  • Additional incentives include Bt500 per tonne for farmers selling to cooperatives for storage, Bt1,000 per tonne for cooperatives storing rice, and a 1% interest rate reduction for rice millers who store crops.
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