Bangkok, 20 June 2019 (NNT) – Last year, Thai farmers earned more income and enjoyed better quality produce, thanks to the government’s marketing drive. This year, the output of rice, para rubber, fruit and corn has substantially increased.
The Permanent Secretary for Agriculture and Cooperatives, Anan Suwannarat, said a survey conducted by the Office of Agricultural Economics found that farming households earned an annual income of 197,373 baht in 2018, up by 22.64% year-on-year.
At the same time, their spending increased to 122,890 baht, up by 20.53%. Farmers’ annual per capita income averaged 74,483 baht, up by 26.29%.
When considering the farmers’ sources of income last year, the survey found that many rice, fruit and field crop farmers earned more income. Although their operating costs had increased due to the economic situation, they still earned more income.
The government has placed great importance on strengthening farmers and agricultural institutions by raising their standards, implementing effective marketing planning, using technology and innovation to enhance their competencies, and carrying out the Sustainable Thainess scheme.
The government has also cooperated with the private sector and the civil society to encourage farmers to grow crops that are suitable to their environmental conditions, allocate water resources, and using good seed varieties.
With the support from different sides, many farmers have expanded their farms and taken better care of their crops according to water supplies and weather conditions. As a result, the quality and quantity of their produce have increased improved.
Thai Rice Export Expected to Drop to 7.5m tons this year
This year’s projection for rice exports remains close to the previous year at 7.5 million tons, the lowest in seven years since 2013 when Thailand exported 6.6 million tonnes of rice.
Thailand struggles to regain world’s largest rice exporter title
In Thailand, a strong baht, Asia’s best performing currency in 2019, has kept away potential buyers who find cheaper markets elsewhere, such as in Vietnam.
After losing the number one global rice exporter position for three years, the Ministry of Agriculture and Cooperatives has met with related agencies and rice exporters to find measures to reclaim the top spot.(more…)
Thailand’s rice exports hampered by strong baht
Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market (Photo: Bangkok Post)
What is Forex Trading and how it works?
Why do the investors choose Forex trading? Forex trading is traded by currency pairs. This is because all currency trading...
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Subscribe via Email
- Banking1 week ago
Thailand’s Banking Outlook changed to negative (Moody’s)
- Economics1 week ago
BOI Announces Measures to Facilitate Investors Affected by COVID-19 Situation
- Economics1 week ago
Covid-19 to cut Asian growth to 2.2%, Thailand -4.8% (ADB)
- Real Estate1 week ago
Crisis-proof assets : Diversification and Real Estate