How much do farmers in Thailand make?
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%.
How much do rice farmers make in Thailand?
As the organic rice farmers do not pay for chemical inputs, each can earn about 80,000 baht (US$2,285) per crop on an average-sized farm of 15 rai (2.4 hectares (5.9 acres)).
How much do farmers make in profit?
The lower 10 percent of these farm professionals make less than $35,020, and the top 10 percent receive earnings of more than $126,070. The average farmer salary varies depending on how well the crops do and changes in operational costs for farmers.
Do farmers make a lot of money?
“People, on average, that are running large commercial farms are making substantial amounts of money,” said Jim MacDonald, an economist at USDA, noting their the average household income is over $200,000 a year. … A farm with 300 dairy cows will produce ten times as much milk as a farm with 30 cows.
What percent of Thailand’s population are farmers?
Agricultural production as a whole accounts for an estimated 9-10.5 percent of Thai GDP. Forty percent of the population work in agriculture-related jobs. The farmland they work was valued at US$2,945 per rai (0.395 acre; 0.16 ha) in 2013. Most Thai farmers own fewer than eight hectares (50 rai) of land.
How much is farmland in Thailand?
Farmland there might go for anywhere between 100-150k per rai. In a moo baan, near a main road, close to the town centre and shops, etc., farmland might go for 200-300k per rai. If it’s on the main road with commercial potential (for a shop or other business), you could easily be looking at 3MB+.
How much is rice in Thailand?
Production volume of rice in Thailand from 2011 to 2019 with a forecast for 2020 (in million tons)
|Characteristic||Production volume in million tons|
Why does rice grow well in Thailand?
The average farm size is large, and a large proportion of the rice land has access to irrigation facilities, allowing many farmers to grow two rice crops during the year. Almost 75% of the dry-season rice grown under irrigated conditions is located in this region.
How much profit does a farmer make per acre?
Average four-crop gross income per acre = approximately $790 per acre.
How much can you earn from farming?
Farmers are easily earning 8-10 lakhs per acre in a year. So if you don’t have huge amount of land, you can still earn in lakhs.