Govt to pay compensation to rubber farmers

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BANGKOK, 31 August 2013 The government is keen on helping rubber farmers cope with dropping prices of rubber in the market as 1,260 baht per rai will be paid to those affected farmers. 

Agriculture and Cooperatives Minister Yukol Limlamthong said, during the “PM Yingluck Meets the People” program aired on NBT, that the government has a plan to support the Thai rubber farmers and help them cope with the decreasing prices of rubber, caused by an oversupply in the world market.

He said each affected rubber growers will be compensated with 1,260 baht per rai, adding that as of now, there are over 700,000 rai of rubber lands that need compensation. However, each farmer will be paid no more than 10 rai of their rubber cultivation areas.

The minister also said the government would support those farmers who are willing to grow other plants. He said 20,000-baht-per-rai support will be given to the farmers who grow oil palms instead.

Lastly, Minister Yukol has confirmed that all affected rubber growers will be compensated.