BAAC money check transfer money “Rubber Income Insurance, 4th installment” according to the projectIncome Insurance for Rubber Farmers, Phase 3 by Bank for Agriculture and Agricultural Cooperatives (BAAC) will start payingmoney to heal rubber farmers Once a month and will start transferringfarmers compensationaccount within February 2022 by RAOT knocking on the price of rubber Compensation for the income of rubber farmers You can check the results of money transfers via the BAAC A-Mobile application 24 hours a day.
Rubber Farmers Income Insurance Project, Phase 3 carry outPay the difference in income compensationtorubber planters The 1st installment of October and the 2nd installment of November 2021 since December 9, 2021 and the 3rd installment of December 2021 have started to be transferred into the accounts of rubber farmers since January 14, the total amount transferred. More than 2,000 million baht, most recently, RAOT has set the reference price of para rubber in the 4th installment, with the expectation that it will be ready to pay the difference in the 4th installment, with a total amount of more than 647 million baht to farmers within February 2022.
Rubber price, 4th installment
The price of good quality raw rubber is at 54.96 baht/kg, offset by 5.04 baht/kg.
The price of fresh latex DRC 100% is at 52.64 baht/kg, offset by 4.36 baht/kg.
The price of cup lumps (50% DRC) is at 23.53 baht/kg. Therefore, there is no compensation because the selling price of the cup lumps is higher than the insurance price set.
Criteria for paying insurance income for rubber farmers
- Rubber farmers must register and notify rubber planting areas with RAOT, both on the green card. and pink card which informs the rubber planting area with RAOT within 14 June 2021
- Rubber plantations aged 7 years and over, which have already been slitted, not more than 25 rai each.
- There is a proportion of income, the owner of the garden is 60 percent and the cultivator 40 percent of the total income.
Checking the right to receive income insurance for rubber farmers, phase 3
Rubber farmers who have registered and notified rubber plantations with RAOT can check their eligibility to participate in the rubber farmer income insurance program, phase 3 at the website. Check the registration status of rubber plantation farmers
Check the right to participate in the rubber farmer income insurance program, phase 3 at the link. http://www.raot.co.th/gir/index/
Check income insurance for rubber farmers, phase 3
Farmers can check the status of money transfers. https://chongkho.inbaac.com/ or through the BAAC A-Mobile application 24 hours a day or at all BAAC branches nationwide And in the case that farmers, customers who apply for the BAAC Connect service will receive a notification message via LINE Official BAAC Family when the money has been credited to their account.
At present, the world’s demand for rubber tends to contradict the production of rubber in the market. causing a shortage of raw materials Caused by labor shortage Including the rubber industry has returned to expand more, which RAOT will have measures to support rubber farmers do not have to rush to cut down old tires. but can increase revenue from the original rubber tree by RAOT supporting production factors as well as promoting innovation to increase the availability of latex have products exported to the market Increase income for rubber farmers
Information from the Rubber Authority of Thailand RAOT
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