Thailand

Thailand: BAAC sets up measures for flood-affected agriculturists

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The Bank for Agriculture and Agricultural Cooperatives (BAAC) is preparing to draw up measures in assisting flood-affected farmers and to be brought into the cabinet meeting for deliberation, including debt structure adjustment and debt suspension.

Deputy Manager of BAAC Ennu Suesuwan (? ó), in his plan to assist agriculturists affected by the floods, revealed that, after an initial investigation, the total damages caused to the areas include more than 1 million rai of agricultural land, 9,000 rai of fish farms, 2,000 cattle, 100,000 poultry, as well as 173,000 families indebted up to Bt9.8 billion.

The measures in giving assistance to affected people have initially distributed survival kits and evaluated debt repayment capabilities of farmers in order to adjust the debt structure and suspension period without interests suitable for the farmers.

Mr. Ennu also informed that, if the cost of damage is added up to as much as the farmers' income, the situation is considered critical, and special assistance will then be sent out.