Thai cabinet approves funding for the implementation of agricultural product price guarantee scheme

(agricultural Wealth Network) according to a report in Thailand's World Daily on November 12, the Thai Cabinet meeting approved on the 11th that funds would be allocated to the Agricultural Cooperative Bank for the implementation of the agricultural product price guarantee program in the production season of 2009. 4.47 million farmers are expected to participate in the program and pay 1.7 billion baht. As of September 30 this year, the Thai government has implemented a total of 14 agricultural products purchase or price guarantee programs, with a total payment of 214.4 billion baht.