Farmers in the dark over crop insurance
The government has begun a much-needed scheme to assist people affected by natural disaster, although many remain unaware or unsure of its benefits
- Published: 29/01/2012 at 03:07 AM
- Newspaper section: Spectrum
Rice farmer Nalad Kaewsikhao is luckier than many others whose crops were destroyed by last year's devastating floods. She purchased a crop insurance policy for the yield from her 38.5 rai plot of land from the Bank of Agriculture and Agricultural Cooperatives (BAAC) in Kalasin's Yang Talat district. The crop insurance programme is open to farmers nationwide, but so far covers only seasonal rice crops (see sidebar).
REASON FOR HOPE: The new crop insurance scheme should help insulate farmers from natural calamities and streamline government relief efforts.
Ms Nalad paid 60 baht in premiums per rai, and the government contributed another 69.47 baht, for a total of 129.47 baht per rai. This is collected by the BAAC, which acts as an intermediary and forwards the premium to private insurance companies (see graphic).
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: Supara Janchitfah
- Position: Spectrum Reporter
Latest stories in this category:
- TAXES IN THAILAND XX: VAT Part Two
- Your pension: the harsh realities
- Knowledge essential to rental riches
- As Myanmar opens, donor exit at border puts dreams in peril
- Youth wasted on beggars' road to Thailand
- I just called to say I'm locked up
- Map Ta Phut locals demand say in industrial safeguards
- Flood aid refusal 'was self defeating'
