Farmers need quality of life | Bangkok Post: opinion

Opinion > Opinion

Farmers need quality of life

  • Published: | Viewed: 1,704 | Comments: 6
  • Newspaper section: News
- +

The Bank for Agriculture and Agricultural Cooperatives (BAAC) made the final two payments of outstanding debt owed to farmers participating in the rice-pledging scheme to two growers in Khon Kaen province on Tuesday. The payments marked an official end of probably the most costly and corruption-prone policy ever implemented in this country. 

Altogether 92 billion baht has been paid to some 800,000 farming households in less than a month, from the BAAC’s own revolving fund and loans secured from financial institutions through the Public Debt Management Office, after the decision made by the National Council for Peace and Order (NCPO) to address the plight of the rice farmers.

NCPO chief Prayuth Chan-ocha has made it crystal clear that the contentious pledging scheme will be scrapped. He also ruled out any return to the rice price guarantee scheme which was implemented by the previous Democrat-led government — another costly populist programme, although not as costly as the Pheu Thai-run scheme.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

6 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments