Agri Ministry proposes 8.3bn baht debt restructuring for farmers

Khaosod•Economy•5d ago

Reader Briefing

The Ministry of Agriculture and Cooperatives is preparing to propose a debt restructuring plan for 14,000 farmers with debts exceeding 8.3 billion baht to the Cabinet.

•The plan targets farmers who are members of the Farmers' Reconstruction and Development Fund with cooperative debts.
•Eligible farmers with debts not exceeding 5 million baht include 14,511 individuals with a total debt of 8,347,016,462.96 baht.
•The restructuring involves the state compensating 50% of the principal for non-performing loans (NPLs) of 3 years or more.
•The proposal must pass through several committees before reaching the Cabinet for final approval.

Overview

•As of July 10, 2026, a survey of 1,164 cooperatives found 23,196 farmers wishing to join the project with total debts of 12,101,167,974.26 baht.
•14,511 farmers with debts not exceeding 5 million baht per person passed qualification checks, totaling 8,347,016,462.96 baht across 22,215 contracts.
•14 farmers with debts exceeding 5 million baht, totaling 142,392,764.22 baht across 30 contracts, will be considered on a case-by-case basis.
•The plan requires farmers with NPLs of 3 years or more to pay 50% of the principal, while the state compensates the remaining 50% plus interest and expenses.
•The debt restructuring terms include interest rates not exceeding 7.5% per year and a maximum repayment period of 10 years.
•The project aims to align debt burdens with the payment capacity of farmers and support career recovery and stability.
•Farmers receiving restructuring must undergo career recovery processes, maintain household accounts, and follow repayment plans to avoid legal action.
•The project will be submitted to the Farmers' Debt Management Committee, the Farmers' Reconstruction and Development Fund Committee, and finally the Cabinet.

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Key Entities

Organization

Ministry of Agriculture and Cooperatives(กระทรวงเกษตรและสหกรณ์)

The ministry preparing the debt restructuring plan for farmers.

Farmers' Reconstruction and Development Fund(กองทุนฟื้นฟูและพัฒนาเกษตรกร)

The fund whose member farmers are the target of the debt restructuring plan.

Cabinet(คณะรัฐมนตรี)

The final approving body for the proposed debt restructuring plan.

Farmers' Debt Management Committee(คณะกรรมการจัดการหนี้ของเกษตรกร)

One of the committees that must approve the project before it reaches the Cabinet.

Farmers' Reconstruction and Development Fund Committee(คณะกรรมการกองทุนฟื้นฟูและพัฒนาเกษตรกร)

One of the committees that must approve the project before it reaches the Cabinet.

Person

Winarot Supsongsuk(วิณะโรจน์ ทรัพย์ส่งสุข)

Permanent Secretary of the Ministry of Agriculture and Cooperatives and Chairman of the Farmers' Reconstruction and Development Fund Debt Restructuring Project Committee.

Policy

Farmers' Reconstruction and Development Fund Debt Restructuring Project for Cooperative Debts(โครงการปรับโครงสร้างหนี้เกษตรกรสมาชิกกองทุนฟื้นฟูและพัฒนาเกษตรกร ประเภทหนี้สหกรณ์)

A project designed to adjust debt burdens to match farmers' payment capacities and support career recovery.