Saturday 08 January 2022
BAAC ready to support farmers in integrated swine raising both to increase the productivity of animal feed Investing in a standardized farming system to prevent epidemics to expedite the problem of rising pork prices through a special low interest rate loan program Including loans for dreaming of building a career, food safety loans, and loans to strengthen agricultural SMEs, totaling 30,000 million baht.
Mr. Arkhom Termpittayapaisith Minister of Finance and chairman of the Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that from the problem of continuously rising pork prices. due to increasing market demand In addition, the impact of severe disease in pigs reduced the number of pigs available to the market. together with the prices of important feed ingredients such as maize Soybean meal, etc. are very expensive. causing farmers to bear the burden of increased production costs Consequently affecting consumers. In this regard, the government has expedited the issuance of policies to solve such problems. whether it is refraining from exporting live pigs Waiver of Fees/Taxes including promoting the production of maize to replace imports to help with the price of animal feed ingredients Including special credit for the restoration of specific pig production through the BAAC system to strengthen the pig farming system that benefits both farmers, producers and consumers.
Thanarat Ngamwalairat, manager of the BAAC, said that at present, there are about 190,000 pig farmers in Thailand, more than 90% of which are smallholders, who produce about 30% of the pigs in the system, among which are farmers customers. The SEC has 59,205 cases, while middle and large breeders account for about 3%, but produce about 70% of the pigs, with an average of 22 million fattening pigs per year, of which more than 90% are consumed domestically. From the impact of the deadly epidemic in pigs in the past 2 years, although Thailand has been able to control the disease well. But it caused the production to be damaged by about 30-40% to only about 18 million heads and is expected to produce only 13-15 million heads in 2022 when coupled with rising feed raw material prices. resulting in fewer new babysitters To alleviate such problems, the BAAC has provided special credits to support pig farming. Cultivation of agricultural products necessary for the production of animal feed. and setting up a standard farming system to prevent and reduce the risk of disease outbreaks that often occur. To increase the number of pigs to enter the market more, the total amount of 30,000 million baht consists of
1) Loans for dreaming of building a career For small farmers and households who wish to borrow money to invest in pig farming or others to create a career Loan amount not exceeding 100,000 baht per person In case of borrowing as expenses, the interest rate is 4% per year, repayment period is not more than 12 months (specially not exceeding 18 months) from the borrowing date, in case of investment cost 1- 3 Charge interest at the rate of 4 percent per year, 4th – 5th year, interest rate MRR (currently MRR is 6.5 percent per year), repayment period of not more than 5 years, with grace period for the first 2 years.
2) Food safety credit for revolving expenses or for investment in promotion environmentally friendly occupation Interest rate in case of farmers MRR (currently MRR is 6.5 percent per year) In case of entrepreneurs, juristic persons, community enterprise groups or organizations, farmers groups or agricultural cooperatives MLR interest (currently MLR is 4.875 percent per year) special for those who are certified standard or related practices from government agencies or private sectors, in the case of farmers, interest MRR-1 in the case of entrepreneurs Various juristic persons, interest MLR-0.5, repayment period In case of revolving expenses, not more than 12 months (special case, not more than 18 months from the loan date) In case of investment expenses, not more than 15 years
3) Loans to strengthen agricultural SMEs for working expenses or investments in business operations Innovation and technology are used to reduce costs and increase efficiency. Or protect the environment. The loan limit is not more than 100 million baht per person. 1st – 2nd year interest rate 4 % per year and 3rd – 10th year interest rate MRR-1 / MLR / MOR according to type of customer (currently MRR is 6.5% per year / MLR is 4.875% per year and MOR equal to 6.25% per year) in the case that entrepreneurs can use the Platform to manage their business or purchase organic produce or food safety with certification standards, or purchase produce from upstream farmers or enterprises that have been certified for good agricultural practice (GAP) at least 20 percent of the cost raw material or a business that uses either of the principles of the holistic economic development model (BCG Model) will receive interest rates in the 3rd – 4th year, at an interest of 4% per annum, for an additional 2 years, subject to conditions specified by the bank
Interested parties can contact for loan details at BAAC, all branches nationwide or at Call Center 02 555 0555.
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