Debt Suspension For Rice Farmers

Rice farmers across the country received good news when the Cabinet announced they were suspending debts of 1.5 million baht for the farmers.

The rice farmers have been severely affected by the price drop for their crops and as a resulted have been struggling to make ends meet.

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Natthaphon Jatusripitak, an advisor for the Minister of Commerce said ” the program will suspend debt payments for the farmers who have cultivated rice from 2016-2017 and the government will subsidise the interest rate for them by 3% per annum.”

In current conditions, anything that assists the hard up farmers will be most welcome.

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