Thailand: Monetary assistance will reach flood-affected farmers before Feb. 15, 2007

News and Press Release
Originally published
All flood affected farmers will receive monetary assistance worth 6,305 million baht totally by February 15th, 2007

The assurance came from Deputy Permanent Secretary for Agriculture and Cooperatives Chakan Sangraksawong (è ???). He said the money will be transmitted to farmers via the Bank for Agriculture and Agricultural Cooperatives. It is part of the 22 billion baht fund on post-flood relief, approved at the Cabinet meeting this week. Out of that total, 6,737 million baht was allocated to the Ministry of Agriculture and Cooperatives, 6,305 million baht of which will be used in direct assistance to farmers and 432 million baht in rehabilitation plans after flood has receded.

According to Mr. Chakan, a total of 5.3 million rai, or about 2.12 million acres, of agricultural land has been damaged by floods, affecting about 600,000 farm families.

The Ministry of Agriculture and Cooperatives has coordinated with governors of affected provinces about the assistance, under which assistance in cash will be transferred to farmers through the Bank for Agriculture and Agricultural Cooperatives. The monetary transfer is expected to be completed by February 15th next year.