BAAC continues paying farmers under rice-pledging scheme


BANGKOK, June 2 – Thailand’s state-run Bank for Agriculture and Agricultural Cooperatives (BAAC) on Sunday continued paying money to farmers who sold rice to the government under the rice-pledging programme in a bid to settle the debt before mid-July.

Between May 26-31 BAAC paid Bt34.722 billion to 345,647 farmers joining the programme.

Previously, the government owed about Bt90 billion to 830,000  farmers.

BAAC officials are now able to work faster as they can transfer money to farmers’ accounts due to the help given by soldiers dispatched by the National Council for Peace and Order.