‘Commercial’ knock to pay the difference, guaranteed rice income in one straight 6 installments

“Commercial” taps to pay the difference, guarantee the rice income, production year 2022/23 in a row, 1-6 installments, revealing that paddy has made a record, paying 6 installments in a row, because the price is still to be lower than the income guarantee but without paying much difference Other types of rice paid some, some did not pay after the price rose through the income guarantee ceiling.

21 November 2022 – Mr. Wattanasak Sueaiam, Director General of the Department of Internal Trade As the chairman of the Sub-Committee on Supervision and Decision Making on Intermediate Reference Basis for the Rice Farmers Income Insurance Project, it was revealed that on November 21, 2022, the intermediate reference price and the price difference compensation under the Farmers Income Insurance Project have been approved. Rice for the year 2022/23, installments 1-6 in a row, 6 installments, with different payments to farmers who grow some rice and some types of rice do not have to pay the difference because the price of rice is higher than the guaranteed income After beating the price difference Bank of Agriculture and Agricultural Cooperatives (BAAC) will continue to transfer money to farmers’ accounts.

Regarding the benchmark price and payment differential, the 1st installment will be paid to farmers who notify the harvest date before October 15, 2022 with jasmine rice paddy. Jasmine rice paddy outside the area Paddy Thani Paddy does not have to pay because the price is higher than the income guarantee. For non-glutinous rice, the price was 9,583.20 baht per tonne, with a compensation of 416.80 baht per tonne, with a maximum payment of 12,504 baht 453,887 households received the payment, and for glutinous rice, a price of 11,140.10 baht . per ton, with a maximum compensation of 859.90 baht, with a maximum payment of 13,758.40 baht 50,443 households

The second installment will be paid to farmers who notify the harvest date of October 15-21, 2022, with jasmine paddy at a price of 15,401.02 baht per tonne, jasmine paddy outside the area at a price of 14,514.52 baht per tonne, Paddy Thani Paddy for the price of 11,357.06 baht per ton Payment because the price is higher than the income insurance. As for non-glutinous rice, the price was 9,555.32 baht per ton, with a compensation of 444.68 baht per ton, the highest compensation was 13,340.40 baht, 49,175 households received the compensation, and for glutinous rice, the price was 11,606, 47 baht per tonne the compensation was 393.53 baht per tonne, the highest compensation was 6,296.48 baht, 57,620 households

The third installment will be paid to farmers who notify the harvest date on October 22-28, 2022, with jasmine paddy at a price of 15,450.84 baht per tonne, jasmine paddy outside the area at a price of 14,518.91 baht per ton, Paddy Thani Paddy at a price of 11,304.50 baht per ton Payment because the price is higher than the income insurance. As for non-glutinous rice, the price was 9,551.88 baht per ton, the compensation was 448.12 baht per ton, the highest compensation was 13,443.60 baht, 30,138 households received the compensation, and the glutinous rice price was 11,719.40 baht per ton , the compensation was 280.60 baht per tonne, the maximum compensation was 4,489.60 baht 36,047 households

The fourth installment will be paid to farmers who notify the harvest date between October 29 and November 4, 2022, with Jasmine paddy priced at 15,385.04 baht per tonne, Jasmine Paddy outside the area priced at 14,001.46 baht per ton, Pathum Thani Paddy at a price of 11,143.90 baht per ton, it is not necessary to pay because the price is higher than the income insurance As for non-glutinous rice, the price was 9,532.63 baht per ton, the compensation was 467.37 baht per ton, the highest compensation was 14,021.10 baht, 50,472 households received the compensation, and for glutinous rice, the price was 11,982.94 baht per ton compensation was 17.06 baht per ton, the maximum compensation was 272.96 baht 120,666 households

The 5th installment will be paid to farmers who notify the harvest date from 5-11 November 2022, with jasmine paddy priced at 15,009.64 baht per tonne, out-of-area jasmine paddy at 14,197.71 baht per tonne, and glutinous paddy at 12,225 . Paying because the price is higher than the income insurance. As for Pathum Thani paddy, the price was 10,874.04 baht per tonne, with a compensation of 125.96 baht per tonne, with a maximum payment of 3,149 baht 6,268 farmer households had received the payment, and paddy rice with a price of 9,467.85 baht per tonne, with compensation of 532.15 baht per tonne, with a maximum payment of 15,964.50 baht 53,964 households

The 6th installment will be paid to farmers who notify the harvest date from 12-18 November 2022, with jasmine rice outside the area costing 14,140.32 baht per tonne, glutinous rice at 12,188.36 baht per tonne. There is no need to pay because that the price is higher than the guaranteed income. As for jasmine rice, the price was 14,603.47 baht per ton, compensation of 396.53 baht per ton, the highest payment was 5551.42 baht, there were 856,336 households, the Pathum Thani paddy price was 10,556.81 baht per ton, the compensation was 4 per ton, the compensation was 4 per ton, compensation was 4 per ton, compensation was 4 per ton. The highest payment was 10,829.75 baht, 5,149 households and paddy rice at a price of 9,370.09 baht per ton, compensation of 629.91 baht per ton, received the highest payment of 18,897.30 baht, with 47,176 households receiving the money.

However, paying the difference in the Income Security Program in the 4th year remains the same principle. The Bank of Agriculture and Agricultural Cooperatives (BAAC) will transfer funds to farmers’ accounts within 3 working days after the publication of the benchmark price, the same as the 1st, 2nd and 3rd year.

The 4th rice farmer income insurance project has guaranteed the price of paddy rice for 5 types, namely jasmine rice at 15,000 baht per ton, not exceeding 14 tons, jasmine paddy outside the area at 14,000 baht per ton , not exceeding 16 tons, and uncooked rice at 10,000 baht per ton, not exceeding 30 tons Pathum Thani fragrant paddy, 11,000 baht per ton, not exceeding 25 tons, glutinous rice, 12,000 baht per tonne, not exceeding 16 tonnes.

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