Area
Thailand
Commodity Group
Grains
Commodity
Maize
Date
01/11/2016
Policy Category
Production
Policy Instrument
Production subsidies
Description
Approved a THB 8 billion (USD 162.68 million) credit line through the Bank for Agriculture and Agricultural Cooperative (BAAC) to encourage rice farmers in irrigated areas to shift to maize production from November 2016 to June 2017. Participating farmers receive a loan of THB 4 000 per rai (USD 508 per hectare) and a 3 percent interest rate subsidy.
