Thai farmers to get boost from 3,000 foreign investment funds

Farmers are expected to get a financial boost from 3,000 foreign investment funds By The Nation Prapat Pothasuthon, Deputy Minister of Agriculture and Cooperatives

The Agriculture and Cooperatives Ministry has said that they plan to establish about 3,000 foreign investment funds to support farmers in helping with Thailand’s food shortage.

Deputy Minister Prapat Pothasuthon agreed with United Nations Secretary-General António Guterres who recommended that all countries should act immediately to shore up global food insecurity. “The ministry is currently dealing with the Capital Trust Group as well as other related private agencies in hopes to establish at least 3,000 foreign funds to improve agricultural businesses in Thailand. Creating food sustainability should be a priority for every country at any time.  “This move also aims to boost [Thai] farmers’ liquidity by creating channels that connect them with institutional investors worldwide managing total assets of US$40 trillion,” the Minister added.

Private agencies will be joining the project will begin with the Global Blockchain Fund Platform by establishing funds that attract foreign investors. “According to fund industries’ statistics in March this year, investors have withdrawn up to Bt2.7 trillion during the Covid-19 outbreak, causing heightened concern over food shortages,” Prapat said. That concern is now drawing investors’ attention to “smart farming” business funds, he added. The ministry will meanwhile continue to prioritize quality in Thai agricultural production to gain confidence among consumers, said Prapat. “We expect that millions of farmers will benefit from this project,” he said.

Source: Thai farmers to get boost from 3,000 foreign investment funds

Source: https://www.nationthailand.com/news/30390754

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