BANGKOK, 23 December 2014 The Department of Agricultural Extension (DOAE) has adjusted its procedure on the payment of compensation to rubber farmers, allowing the latter to receive the payment faster. At least 300,000 of them are expected be paid by the end of this year.
DOAE Director General Olan Pitak said there are currently nearly 900,000 rubber farmers who have registered for the financial assistance. Under the scheme, they will receive 1,000 baht per rai in compensation for the declining prices of rubber.
A total sum of 107 million baht has already been paid to 10,388 households via the Bank for Agriculture and Agricultural Cooperatives (BAAC). The DOAE has set to compensate as many as 300,000 farmers by the end of this year.
As for rice farmers, the BAAC has so far distributed 30 billion baht to 2.8 million families. The remaining of around one million others who have been eligible for the money are expected to receive it by the end of December as well.
