Thailand: Agriculture Ministry introduces ‘tree deeds’ scheme for farmers to secure loans

The Nation
2023.12.06

This will particularly be helpful for rubber farmers.

Kanika Aunjit, deputy government spokesperson, announced the initiative on Wednesday, saying it was a gift from the ministry to farmers nationwide.

Under the scheme, rubber trees will be appraised at 500 baht each, serving as collateral for farmers seeking loans from state banks, especially the Bank for Agriculture and Agricultural Cooperatives.

The implementation of the tree deeds will follow the ongoing project to upgrade Sor Por Kor 4-01 farm landholding documents into “land deeds for farming” nationwide. Currently, the Sor Por Kor 4-01 document farmers’ rights to cultivate on specific plots of land that cannot be sold. Upon upgrade, these documents can be used as collaterals for loans, Kanika said.

She said the document upgrade will be done as soon as possible and is set to be a New Year’s present for farmers.

Read more here.

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