Thailand

Thailand: MOAC to finalize compensation process for flood victims before end of May

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The Ministry of Agriculture and Cooperatives (MOAC) will finalize compensation process for flood victims at the end of this month. The compensation has been distributed as planned.

Permanent Secretary of Agriculture and Cooperatives, Banpot Hongthong reports that the ministry has so far distributed more than 99% of the compensation to 500,000 flood-affected farmers across the country. As for about 2,000 farmers who have yet received financial assistance from the ministry, he has instructed the Department of Agricultural Extension to look into the matter. However, if the farmers do not contact the ministry to receive the money by the end of this month, they will no longer be entitled to the compensation. Mr Banpot says the farmers who have not been compensated might move to other areas without alerting the ministry.

As for more than 20 large farmers, including those who own orchid farmers, the permanent secretary affirms the ministry has already compensated them.

The Bureau of Budget allocated a budget of six billion baht to the Ministry of Agriculture and Cooperatives to compensate the flood-affected farmers nationwide. The ministry expects that it will return about 1.6 - 1.7 billion baht to the bureau.

Mr Banpot says a survey shows that most of the farmers are satisfied with the ministry's financial aid which had been distributed within three months.