Rice scheme reality dawns | Bangkok Post: opinion

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Rice scheme reality dawns

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The rice-pledging scheme is entering its second year and the government is reportedly seeking a staggering 150 billion baht loan for the cash-strapped Bank of Agriculture and Agricultural Cooperatives (BAAC) so it will be able to carry on wooing farmers' support for another year. 

There is no question that farmers who have registered to take part in the scheme have benefited from it.

They could sell their crops to the millers at prices higher than the actual market prices, even though the prices they received, in most cases, were lower than the 15,000 baht/tonne for white rice and 20,000 baht/tonne for Hom Mali grains pledged by the government.

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