Bank clarifies why it has no money to pay farmers
The Bank for Agriculture and Agricultural Cooperatives today clarified farmers of its late payment for their rice that it is lacking enough quiddity but assured that they all will be paid in 45 days.BAAC president Luck Wajananawat admitted today of the delayed payment of more than a month for the second crop rice pledged under the government’s rice pledging scheme this year following recent complaints from farmers in the north.
He said the bank has earmarked only 20 billion baht for the scheme, but farmers have so far sold rice amounted to over 30 billion baht to the government.
Therefore, he said, it has no sufficient liquidity to pay all the farmers who pledged rice under the scheme.
However he said that the bank has now advised all staff to go to see the farmers and to clarify them urgently the reason and also to assure them that the payment will soon be made in the next one and a half month.
Kanon, då kan ju den store frälsaren lova att betala bönderna ur "egen" ficka precis som han gjorde med IMF lånen bara de hjälper till att ge honom amnesti...
