CHAINAT, 5 June 2014 – Chainat province’s Bank for Agriculture and Agricultural Cooperatives (BAAC) is speeding up the payments that are still due for farmers who have participated in the rice pledging program.
Director of the Chainat BAAC Preecha Puangnoipapha stated that the bank is currently expediting the payments to rice farmers. He went on to say that the payments for the 2013/2014 rice season totaled 5.2 billion baht according to the receipts handed by the farmers.
On June 2, Mr. Preecha stated that around 11,500 farmers came to the bank to receive their overdue payments, which totaled 1.43 billion baht. Recently, the Chainat BAAC would receive an additional 880 million baht from the budget disbursement by June 6.
The Chainat BAAC stated that it will finish allocating the remaining 880 million baht budget from the state and pay rice farmers in the province by June 8. In regards to the rest of the farmers still in need of payment, the BAAC said that the last sums of payments should all be delivered by June 12.
