BAAC completes rice payments | Bangkok Post: business

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BAAC completes rice payments

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The Bank for Agriculture and Agricultural Cooperatives (BAAC) made the final outstanding payments to farmers who had pledged rice to the previous government, and closed the book, in Khon Kaen on Tuesday. 

BAAC president Luck Wajananawat said the bank had distributed another 90 billion baht to over 800,000 farmers in overdue payments for pledged rice frorm the harvest year 2013/2014, which ended in February.

A total of 1.69 million farmers had pledged 11.81 million tonnes of main crop rice for a total of 195.45 billion baht.

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