Farm debt help is mutton dressed as lamb
Will the latest round of debt-restructuring for farmers, with various loans as well as subsidies, which has been launched by the Prayut Chan-o-cha government reduce their debt?
This question came to the minds of several people after the government approved the scheme seen by many as a populist measure.
I will start with the one-year interest payment exemption plan that aims to help farmers who owe up to 300,000 baht to the Bank of Agriculture and Agricultural Cooperatives (BAAC). They will be exempted from interest payment which will be covered by the regime with special rates provided by the bank.
Kasetsart University lecturer
Decharut Sukkumnoed, PhD, is an economist, lecturer at Kasetsart University's Faculty of Agricultural Economics. He is known for his role as a social critic.