“Bangkok Online Business” Case ReportRice Farmer Income Insurance Program 2022/23 or Rice income insurance 65/66 pay the difference”rice price guarantee” which Bank for Agriculture and Agricultural Cooperatives (BAAC) began gradually transferring money to farmers continuously. Until from the 1st to the 10th period, the amount is more than 218.95 million baht and there are 70,754 households who benefit.
latest Department of Internal Trade Revealed that the Sub-Committee on Supervision and Determination of Benchmarks for the Rice Farmers Income Insurance Project had a resolution at its meeting No. 26/2022 on December 23, 2022, approving the determination of benchmark prices and compensation for the difference. Rice income insurance 65/66 to farmers who grow rice in the year 2022/23 (Installment 11) as follows
Item 1. Average reference price as of December 23, 2022, for use incompensate the difference Rice income insurance 65/66 to farmers who have registered rice farmers in the production year 2022/23 (Installment 11) to farmers who have registered as rice growers in the year 2022/23 that specify the date It is expected to harvest before 17 – 23 December 2022 for various types of paddy at moisture content not exceeding 15% as follows:
- Paddy jasmine rice, 13,900.55 baht per ton
- Jasmine rice paddy outside the area is 13,392.57 baht per ton.
- Fragrant Pathum Thani paddy is 10,889.02 baht per ton.
- Paddy rice 9,638.57 baht per ton
- Glutinous rice, 12,395.70 baht per ton
Item 2. Compensation for the price difference Farm income insurance with the benchmark price There is a differential ratio that the Bank for Agriculture and Agricultural Cooperatives use to pay rice farmers. for payment Installment 11 as follows
- Hom Mali paddy rice at 1,099.45 baht per ton, receiving the maximum compensation of 15,392.30 baht per household.
- Jasmine rice paddy outside the area is 607.43 baht per ton, receiving the maximum compensation of 9,718.88 baht per household.
- Fragrant Pathum Thani paddy at 110.98 baht per tonne, receiving the maximum compensation of 2,774.50 baht per household.
- paddy rice at 361.43 baht per ton, receiving compensation up to 10,842.90 baht per household
- sticky rice price higher than target
By Bank for Agriculture and Agricultural Cooperatives (BAAC) will transfer money directly to farmers’ accounts within 3 working days, orwithin 28 Dec. 2022 And confirm that there is no debt in any way
Check the status of being a farmer and household member as follows:
Only those who register farmers with the Department of Agricultural Extension only (there are many agencies responsible for registering farmers depending on the role and mission of each agency) at the website http://www.farmer.doae.go.th/ (click here)
Check the status of the process – the way to check the money as follows
- Visit website chongkho.inbaac.com (click here) 24 hours a day
- Enter the 13-digit ID card number.
- The system will inform the details of the account, amount and project of the grant received.
Check the results of money transfers on the BAAC A-Mobile application as follows:
- After checking on site chongkho.inbaac.com finished If there is information that the money has been transferred
- Able to check the balance by themselves through the BAAC A-Mobile application from the Bank for Agriculture and Agricultural Cooperatives or BAAC, which takes care of rice farmers covering more than 4.68 million people. Registration period for in-season rice From April 1 to October 31, 2022, but in the South from June 16, 2022 to February 28, 2023, the market price will be determined to determine the price every 7 days and will be paid. The difference (if any) in the amount of 33 installments, the first installment starting on 14 Oct. 22 and the last installment on 26 May 23.
- You can check the results of your money transfer 24 hours a day. If the money has been transferred to your account, you will be able to know immediately.
application download channel BAAC A-Mobile Available on iOS via Appstore and Android via Playstore.