Aquaculture for all

Floods Cause Widespread Damage

Economics Politics +2 more

THAILAND - Help is being offered to farmers who have lost poultry, livestock and fish in recent floods.

The government and the private sector have jointly drawn up assistance packages to aid people seriously affected by the flash floods, reports The Nation.

Finance Minister Korn Chatikavanij has asked commercial banks to cut money transfer fees as part of efforts to lessen the impact of the flash floods on the people.

Minister Korn said that he had asked Krung Thai Bank to consult other commercial banks to consider a cut in money-transfer fee in areas affected by floods.

He assured that farmers would get compensation for losses of their farm production both under the government income guarantee scheme and natural disaster relief programme.

The overall damage from the flooding is expected to range between eight and 10 billion baht (THB), with THB7.7 billion worth of damage already sustained by farming, industrial, service and tourism sectors.

The government will need to spend another THB10 billion to cover losses.

The Bank for Agriculture and Agricultural Cooperatives' latest survey from last week revealed that 211,946 households were affected by the flooding; almost 400,000 hectares of farming area is damaged; 26,150 livestock animals and 476,458 poultry are lost; and 1,200 hectare of fish farms have sunk. The survey covered 35 provinces and the total value of damages has been estimated at THB21.26 billion, reports The Nation.

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