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Thailand's Ill-Advised Rice Subsidy Program

Thailand's Ill-Advised Rice Subsidy Program

Our Correspondent
Apr 20, 2012
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Asia Sentinel
Asia Sentinel
Thailand's Ill-Advised Rice Subsidy Program
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Thailand may be about to about to lose its pre-eminent position as the world’s biggest rice exporter because of an ill-advised policy on the part of the incoming Pheu Thai government in 2011, when it promised to raise the price the government pays farmers by almost 50 percent.

The result was that the rice pledging scheme, as it is known, caused farmers t…

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