Rice payment promised, but how? | Bangkok Post: news

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Yingluck vows to pay, rice growers return home

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Rice growers from some central provinces have agreed to return home after receiving a promise from caretaker Prime Minister Yingluck Shinawatra that long-overdue payments would be made next week. 

It's not clear where the government will find the money to keep its latest pledge. It owes farmers 130 billion baht and has few options for raising new money because of its caretaker status. The deal reached yesterday applies only to some farmers.

Caretaker Finance Minister Kittiratt Na-Ranong on Friday floated the idea of selling "rice bonds" to the general public, since banks and big investors aren't interested in helping.

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