Farm debt help is mutton dressed as lamb

Farm debt help is mutton dressed as lamb

Indebted farmers stages a protest at the headquarters of the Bank of Agriculture and Agricultural Cooperatives last February. (Photo by Chanat Katanyu)
Indebted farmers stages a protest at the headquarters of the Bank of Agriculture and Agricultural Cooperatives last February. (Photo by Chanat Katanyu)

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.

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Decharut Sukkumnoed

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.


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