The BAAC board approved compensation of 1,000 baht per rai for farmers, with funds reaching farmers this week. Minister Suriya urged the rapid advancement of assistance measures for farmers.
On 11 November 2026, Mr. Rapeephat Chantrasriwong, Permanent Secretary of the Ministry of Agriculture and Cooperatives, stated that at the BAAC board meeting chaired by Deputy Prime Minister and Finance Minister Mr. Akniti Nitithanprapas on 10 November, the board resolved to follow Minister Suriya Jangroongruangkit's directive to expedite support measures directly to farmers. The BAAC board approved five projects to assist farmers and agricultural institutions, including:
1. Additional funding for the project supporting paddy rice farmers for the 2025/26 production year, including promoting cultivation appropriate to land potential, with compensation of 1,000 baht per rai.
2. Loan programs to delay the sale of paddy rice for the 2026/27 production year and loans for collecting rice and adding value through agricultural institutions for the 2026/27 production year.
3. Loan program for collecting animal feed corn and adding value through agricultural institutions for the 2026/27 year.
4. Project to improve the efficiency of animal feed corn cultivation for the 2026/27 year.
5. Extension of the project period for developing quality longan orchards through pruning, cluster thinning, and orchard rejuvenation to increase income.
The BAAC board urged management to urgently implement these projects, especially disbursing funds to farmers. The preliminary timeline estimates that fund transfers can begin as early as this week. Farmers are advised to promptly visit their nearest BAAC branch to verify eligibility, prepare documents, and update account information to be ready for immediate receipt of compensation once the system is operational.
