# Government Introduces Cassava Harvest Postponement Initiative to Stabilize Prices

- Link: https://www.thailand-business-news.com/economics/194111-government-introduces-cassava-harvest-postponement-initiative-to-stabilize-prices
- Published: 2025-02-15T07:57:42+07:00
- Author: NNT

To regulate cassava prices and prevent market oversupply during peak harvest periods,
the government has implemented a program to delay cassava harvesting.

## Key Takeways

 * The government’s program postpones cassava harvests to stabilize prices, offering
   registered farmers loans up to 50,000 baht to delay harvesting by six months.
   With a 10.79 billion baht budget, it will benefit over 215,000 households. BAAC
   loans at 1% interest are available, with applications open until March 2025.
 * Existing BAAC loan customers can apply for repayment extensions. Additionally,
   the Department of Internal Trade collaborates with animal feed factories to boost
   cassava demand, while the Department of Foreign Trade seeks new export markets
   and industrial uses. Further government measures allocate 368 million baht to
   enhance farmer support and processing efficiency.
 * Support measures include interest compensation for stockpiling processors, value-
   adding loans for cooperatives, cassava chipping machines, and funding for improved
   cultivation through modern technology. These initiatives aim to stabilize the
   cassava market and offer long-term benefits to farming households and the agricultural
   industry.

To stabilize cassava prices and avoid market oversupply during peak harvesting, 
the government has introduced a cassava harvest postponement program.

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This initiative encourages farmers to delay harvesting their cassava crops by providing
financial incentives and storage solutions. By doing so, the program aims to balance
supply and demand, ensuring fair prices for farmers while preventing market saturation.
Additionally, the government plans to collaborate with agricultural cooperatives
and private sector partners to streamline the implementation of this program and
monitor its effectiveness.

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The Bank for Agriculture and Agricultural Cooperatives (BAAC) is backing this initiative,
offering financial support with loans up to 50,000 baht per household, allowing 
farmers to defer their harvests by up to six months. With a 10.79 billion baht budget,
the program is set to assist over 215,000 farms. Participants receive loans at a
1% interest rate, with the government covering the rest, and repayments are due 
within six months but no later than September 30, 2025. Current BAAC clients with
existing cassava production loans can also request repayment extensions. Applications
are open nationwide at BAAC branches until March 31, 2025. Additionally, the Departments
of Internal and Foreign Trade are working to increase cassava’s domestic and export
demand. The Cabinet has sanctioned an extra 368 million baht for various support
measures, including interest compensation and technological enhancements for improved
cultivation.

[Read More](https://thainews.prd.go.th/thainews/news/view/903754/?bid=1)