Bangkok: The Minister of Agriculture presided over the signing of the MOU between RAOT and BAAC on 'Promotion of adding value to rubber plantations and preparation of rubber tree title deeds' for conversion. Assets are capital for farmers. You can use the rubber tree title deed as a guarantor for a loan to further your career. Captain Thammanat Phromphao, Minister of Agriculture and Cooperatives Presided over the MOU signing ceremony between Mr. Nakorn Takwirapat, Governor of the Rubber Authority of Thailand (RAOT), and Mr. Narong Khantiviriyakul. Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC) on 'Promoting the creation of added value in rubber plantations. and preparation of rubber tree title deeds' which aims to convert assets from rubber plantations to capital. Increase opportunities to access capital for rubber farmers. As well as driving the Carbon Credit project in rubber plantations to achieve the goal of zero greenhouse gas emissions. The Minister of Agriculture and Cooperatives said The Ministry of Agriculture and Cooperatives has a policy to create a tree title deed project for trees that are economic crops to allow farmers to use perennial trees as collateral for loans with the BAAC. It increases access to capital for farmers. To continue a sustainable career in agriculture The cooperation of the two agencies in preparing this rubber tree title deed. Therefore, it is a drive for rubber farmers to have more access to financial institutions' funding sources and it is hoped that the two agencies will work together to carry out other activities. To add value to rubber, such as driving the implementation of the Carbon Credit project in rubber plantations, promoting the registration of voluntary greenhouse gas reduction projects. Including other activities This will lead to the well-being of Thai farmers. Mr. Nakorn Takwiraphat, Governor of RAOT. that RAOT promotes and supports rubber farmers to have greater access to funding sources. According to the policy of the Ministr y of Agriculture and Cooperatives Therefore, we have cooperated with BAAC. Include rubber trees as a type of tree in the loan guarantee system. and proceeded with the preparation of a rubber tree title deed to be used as collateral for a loan from the BAAC. Farmers who can obtain rubber tree title deeds must register with RAOT. And there is a rubber plantation located on land that has legal ownership or possession rights. It is considered to create additional value by converting property into capital for the rubber plantation occupation, which will use the rubber tree title deed as a document for requesting loan services from financial institutions that provide the service. In this regard, RAOT will be the one who will assess the price of the rubber trees that will be used as collateral in applying for loans from the BAAC. and prepare rubber tree title deeds to be used as evidence for every BAAC loan application consideration. This will be pushed to be able to be used with other commercial banks. as well as being used as security for investigative officials We will speed up the integration of cooperation with responsible agencies both within and outside the Ministry of Agriculture. After signing the MOU together, RAOT and BAAC will train operators in areas throughout the country. To have knowledge about methods for estimating the value of rubber wood. To allow officials of both agencies to jointly assess the value of rubber wood for use as collateral for loans. as well as integrate the exchange of knowledge, innovation and develop potential in promoting added value creation. To drive the implementation of the Carbon Credit project in rubber plantations, encourage farmers to participate in activities to reduce greenhouse gases and create ecological balance. Resulting in increased income apart from selling only rubber products. Mr. Narong Khantiwiriyakul, Deputy Manager of BAAC, revealed that collaborating with RAOT. This time, it is considered very beneficial to the BAAC and rubber farmers. Whether it is exchan ging and transferring knowledge in technology and innovation to rubber farmers and BAAC personnel So that farmers can use innovation to improve production efficiency. Promoting the preparation of rubber tree title deeds To use as collateral when applying for a loan with BAAC. In addition, BAAC and RAOT are ready to jointly drive the green mission according to the policy of creating environmental sustainability under the principles of sustainable development (Sustainable Development Goals: SDGs) by encouraging farmers to register their rubber plantations as greenhouse gas reduction projects. Voluntary mirror according to Thailand standards (Thailand Voluntary Emission Reduction Program: T-VER), including joining the BAAC Carbon Credit project that will help create additional jobs and income for farmers, which BAAC is preparing to launch for sale. Forest sector carbon credits will be officially released in February. At Ban Tha Li and Ban Daeng Tree Bank Khon Kaen Province. Source: Thai News Agency