Thai farmers income on the rise

According to latest Agriculture Ministry’s survey, Thai farmers

earned more income this year, as the output of rice, para rubber,
fruit and corn has substantially increased.
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.
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.
 The analysis focus on the news “Thai farmers income on the rise”
The article touches on the Thailand farmer earn more income. From
the article said that Thai farmers earned more income and enjoyed
better quality produce. An increase in income results in demanding
more services and goods, thus spending more money. A decrease in
income results in the opposite side . In general, when incomes are
lower, less spending occur, and businesses are worse by the effect.
From the news ,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. From this we see that operating cost will base on economic
situation too. If the economic situation is better, The famer will get
more income than this. From the article said that The government
has placed great importance on strengthening farmers and
agricultural institutions by raising their standards, implementing
effective marketing planning, using technology and innovation. From
this we see that The government plays an important role in
economic. The government assumes the role of policymaker that
directly and indirectly affects the economy of a country. The
government will set interest rates and makes major financial
adjusting. The government also uses policy to boost or slow down
the economy.
In the ending of the news tell us that 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. We see that the better income can Improve the
business to expand. It will have affected on increase economics
growth and less unemployment rate.