Thailand plans US$4.7bil aid for farmers hit by Covid, floods

The government will transfer the cash into the accounts of eligible farmers through the Bank for Agriculture and Agricultural Cooperatives. - Reuters

BANGKOK (Bloomberg): Thailand plans to dole out nearly US$5 billion in cash to millions of farmers reeling from the impacts of Covid-19, floods, droughts and poor crop prices.

The Cabinet will consider a programme to allot 155 billion baht ($4.7 billion) to growers of rice, rubber, oil palm and other crops at a meeting next Tuesday, Prime Minister Prayut Chan-O-Cha said in a statement on Facebook. The government will transfer the cash into the accounts of eligible farmers through the Bank for Agriculture and Agricultural Cooperatives, he said.