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Cabinet earmarks over Bt24 bn in subsidies for rubber farmers

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Cabinet earmarks over Bt24 bn in subsidies for rubber farmers

By THE NATION

 

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Cabinet on Tuesday (October 15) approved a Bt24.278-billion budget for the first phase of income-guarantee subsidy for rubber farmers.

 

The scheme aims to ensure 1.4 million rubber farmers have a stable income for six months, starting from this month until March next year. The payments will be made via the Bank for Agriculture and Agricultural Cooperatives. 

 

The scheme guarantees the price of premium grade rubber sheets at Bt60 per kilogramme, latex at Bt57 per kg and cup lumps at Bt23 per kg. The maximum guaranteed amount will not exceed Bt240 per kilo per rai per year and will be limited to 25 rai per farmer. 

 

Farmers who have registered with the Rubber Authority of Thailand will be eligible and the scheme will only cover plantations that are at least seven years old. 

 

The first round of subsidy, covering October-November, will be transferred to farmers’ bank accounts between November 1 and 15, while the second round covering December-January 2020, will be paid between January 1 and 15. The third round of payments for February-March will be paid between March 1 and 15.

 

Source: https://www.nationthailand.com/business/30377431

 

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-- © Copyright The Nation Thailand 2019-10-16

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5 hours ago, webfact said:

The maximum guaranteed amount will not exceed Bt240 per kilo per rai per year and will be limited to 25 rai per farmer. 

I'd like to see the government official that decided this dramatic help live on less than 6500 baht a year

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If they just lower this subsidies to only 23 billion, they have enough money left to recover from the 0.5 billion 'burden' in medical costs from foreigners for 2 years!

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I can remember 'wine lakes', 'butter mountains' etc.

What would you call it for rubber????

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2 hours ago, RichardColeman said:

I'd like to see the government official that decided this dramatic help live on less than 6500 baht a year

surely one rai produces on average more then one kilo.

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Someone should be jailed for this 🙃

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4 hours ago, RichardColeman said:

I'd like to see the government official that decided this dramatic help live on less than 6500 baht a year

Given 1 Rai produces between 200 - 400 kg of rubber per year, and the government will pay 60-baht per kg.

 

That's 25 rai x 200kg x 60 baht = 300,000 baht.

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Kudos to the rubber farmers,they get 24 billion for 1.4 million growers for 6 months.

Meanwhile the rest get 3.1 billion for 1 million farmers for 12 months if your in the selected fields.

 

  

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Its called Socialism !!!

Many have tried ... all have failed

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4 hours ago, seajae said:

here we go again, subsidizing farmers, so much for being part of the world market and accepting the world prices, better off just closing the country out of world markets if farmers have to be subsidized when the world prices drop below what the farmers want, they want the sales/world market without the risks

 

If the farmers can't make a living growing rubber then they need to grow something else

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1 hour ago, brain150 said:

Its called Socialism !!!

Many have tried ... all have failed

and you want us to invest 500000 baht in this country that is being run by corrupt <deleted> for brain morons, for an elite visa.  erm.. not in this life time my good fellow 

Edited by pommyBrexitBarstool
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Rice subsidy vs Rubber subsidy. Yingluck vs Prayut. Same same but different. Elected vs coup. Sad. PM so hypocritical. So Sad.

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18 hours ago, webfact said:

Bt24 bn in subsidies for rubber farmers

That'll put a bounce in their step!

  • Haha 1

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