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BAAC upgrades 50,000 Young Smarts

Bangkok, BAAC joins hands with the Department of Agricultural Extension to upgrade 50,000 Young Smart Farmers to become leading agricultural business operators within 2028, supporting high-value agricultural production with international standards. ...


Bangkok, BAAC joins hands with the Department of Agricultural Extension to upgrade 50,000 Young Smart Farmers to become leading agricultural business operators within 2028, supporting high-value agricultural production with international standards.

Mr. Chatchai Sirilai, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), and Mr. Peeraphan Khothong, Director-General of the Department of Agricultural Extension. Sign the memorandum of understanding Develop 50,000 new generations of farmers to become leading agribusiness entrepreneurs by 2028 by applying knowledge Technology and innovation applied To increase efficiency and reduce production costs Creating added value for Added Value products and pushing towards being at the head of the movement. Able to use knowledge to develop operations and shared with local farmers Help expand your business that helps create jobs Create sustainable income in the community

Mr. Chatchai said that BAAC sets its goal to be “Agricultural Core” to raise inc
ome levels for the agricultural sector in 4 areas: 1. Capital 2. Technology 3. Added Value 4. Knowledge and Marketing, emphasizing development and upgrading of the new generation of farmers, aged no more than 45 years and with needs Develop agricultural careers Have management skills in technology, innovation, and have the ability to create new things through network connections. Both public and private agencies, independent organizations, educational institutions. and research institutes To fulfill potential through online and onsite training courses, covering all dimensions such as Financial Literacy, Digital Literacy, using technology and innovation in production, processing, and design to create a variety of products. and developing product standards to markets with high purchasing power

Development of the new generation of farmers Hope to help strengthen the Thai agricultural sector. To enter the competitive arena in the world market With a development target during 2024-2028, 10,000 applicants per year
, totaling 50,000 applicants, BAAC is ready to provide funding support. and special conditions for expanding business through BCG Model loans with a total credit line of 35,000 million baht, consisting of 1) Bio Economy Credit (Bio Economy Credit) 2) Circular Economy Credit (Circular Economy Credit) 3) Green Credit (Green Credit) and Loans for you, total credit limit 20,000 million baht

Mr. Peeraphan Khothong, Director-General of the Department of Agricultural Extension, said that the Department of Agricultural Extension Aiming at creating a new generation of entrepreneurs, Young Smart Farmers, to replace elderly farmers. To reduce the problem of Aging Society in the country since 2014, until now there are more than 27,000 new generation entrepreneurs who have passed the development course with the Department of Agricultural Extension. This collaboration Want to increase skills in various fields so that the BAAC will consider supporting funds to expand the business. Including introducing guidelines for prepa
ring a business plan. Preparation for entering professional investing It creates agricultural seeds to grow steadily.

Source: Thai News Agency