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Thailand crisis: Struggling farmers get compensation

Christian Fernsby |
The government in Thailand has begun paying 25 billion baht in financial assistance to rice growers whose crops were damaged by drought or flooding, Finance Minister Uttama Savanayana says.

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Each of the rice growers eligible to receive the financial aid will receive 500 baht per rai for their damaged paddy fields, Mr Uttama said.

People entitled to receive the financial assistance are those who have registered their rice growing areas with agricultural authorities and whose damaged rice fields have already been verified by the Agriculture and Cooperatives Ministry, he said.

The Bank for Agriculture and Agricultural Cooperatives (BAAC) that is responsible for handling transfers of the financial assistance from the government to eligible farmers has received about 2 million names of such farmers, he said.

The bank expects to get all the transfers for all of these farmers done in three days, he said.

As of Sunday, a total of 10.9 billion baht has already been transferred to the bank accounts of about 1.7 million families, according to Jirawat Loha, director of the Khon Kaen provincial branch office of the BAAC.

Other financial measures to help ease the impact of a financial burden on the affected rice farmers will follow, Mr Uttama said.

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