฿81.2Bn set aside to guarantee prices of 2022-2023 rice crops

[snoop1130]

 

The Thai government agreed today (Tuesday) to set aside 81.2 billion baht to subsidise the rice price guarantee scheme for the 2022-23 rice crops, with an aim to export 7.5 million tonnes of rice next year.

 

Government Spokesman Anucha Burapachaisri said that the money will be used for parallel projects, such as 7.4 billion baht to stabilise rice prices, about 7.1 billion baht in credits to slow the sale of about 2.5 million tonnes of paddy by farmers, by keeping it in storage, and 18.7 billion baht to pay the difference between the market and guaranteed prices.

 

The largest tranche, about 55 billion baht, is intended for the project to manage and develop the quality of rice produced by 4.68 million farming households in Thailand. Each household will receive 1,000 baht per 0.16 hectare (one rai) of rice crop, but not more than 3.2 hectares (20 rai) or a limit of 20,000 baht for each household, said Anucha.

 

Full Story: https://www.thaipbsworld.com/81-2bn-set-aside-to-guarantee-prices-of-2022-2023-rice-crops/

 

-- © Copyright Thai PBS 2022-11-15

 

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[IAMHERE]

Next year they'll wish they had all that rice. Gonna be very  difficult to grow without proper fertilizer.

[mania]

9 hours ago, snoop1130 said:

by keeping it in storage, and 18.7 billion baht to pay the difference between the market and guaranteed prices.

Gee why does that sound so familiar????? Ah right

[RichardColeman]

Great, but the rice farmers cannot watch the world cup on their day off !

[bamnutsak]

The previous administration got in a lot of trouble for trying to support rice prices.

 

The current regime has likely spent far, far, far more in agricultural subsidies during their eight-year reign.

 

Always interesting to note the differences.

 

Just part of the "Twenty Year Plan" I guess? Keep Somchai down on the farm.

 

 

 

 

Edited November 16, 2022 by bamnutsak