BAAC. Phang Nga Chaeng Already paid the first farmer of the Agricultural Income Insurance Scheme for oil palm farmers.

Mr. Kasemsan Limimukul, Office Director BAAC Phang Nga Province revealed that According to the Cabinet's resolution on August 27, 2019, it is agreed that BAAC will proceed to support subsidies under the Oil Palm Farmers Insurance Project for the year 2020/2563 to help alleviate the suffering of agriculture due to the problem of overflowing palm products. Market and product prices are falling. By specifying an appropriate price that farmers should receive from the sale of palm fruit bunches (oil quality 18%) at 4 baht per kilogram. The farmers who are eligible to participate in the project must be oil palm growers registered with Department of Agricultural Extension Eligible to receive compensation according to the actual planting area But not more than 25 rai per household, and is an area where palm planters are already producing at least 3 years of age. Project implementation period from September 2019 – September 2020 by the Sub-Committee on Income Guarantee for Oil Palm Farmers in 2019 / 2020 will set the reference market price. In order to calculate the compensation for the difference between the income insurance rates With the reference market price to notify the BAAC, used as data to calculate the compensation for the difference and transfer money to agriculture.

As for the BAAC, income was transferred to oil palm farmers. Phang Nga province, year 2019 – 2020, the first installment on October 1, 2019, a total of 8 districts, namely Kapong District, Ko Yao District, Khura Buri District Takua Thung District Takua Pa District Thap Put District Amphoe Thai Mueang And Mueang Phang Nga district, totaling 9,020 registered farmers, totaling 49,015,097.34 baht. At this time, the market reference price of palm bunches (oil quality 18%) is 2.68 baht per kilogram. Farmers will receive compensation for the difference of 1.32 baht per kilogram at a time. This will have 254,730 eligible farmers receiving a payment of 1,351 million baht.

As for the process of paying income insurance, once the BAAC receives information from the Department of Agricultural Extension, the area will be processed. Calculate yield And the deposit account number of agriculture Upon being notified of the reference market price, the BAAC will calculate the compensation as eligible. And will transfer money directly to farmers' deposit accounts Which is specified in installments Not less than 45 days. The first payment is made on October 1, 2019. The next installment is to be paid on the 1st or 16th if it falls on a public holiday or a public holiday. Will postpone the payment schedule faster (working days before the holiday), which the farmers can check the result of the transfer at Link: http: //chongkho.inbaac.com