Rice Farmers disperse after payment promise but vow to return

[RedBullHorn]

My neighbour's prepared plot for the next paddy crop (across my wife's fish ponds)...and he hasn't been paid yet for the 1st crop that he pledged to government. "They will pay, i strongly believe...just have to wait. Well we got paid for past two years~" he cited.

[JRSoul]

My neighbour's prepared plot for the next paddy crop (across my wife's fish ponds)...and he hasn't been paid yet for the 1st crop that he pledged to government. "They will pay, i strongly believe...just have to wait. Well we got paid for past two years~" he cited.

Tell him for me that he got paid 50% more than it was worth the first 2 years, so if he doesn't get paid this year, he's about even. It's just a pity the country had to lose B500+ billion in the process.

[bigbamboo]

The farmers are right to be sceptical. Before the last election PT promised they would be rich in six months and now they are promising they will be rich in six days.

Even Chalerm the Jobcentre caretaker would blanche at that.

[trogers]

I once read that the most terrifying thing in the world was ignorance in action, but couple it with greed and stupidity and now you,re cooking There is a mathematical term called "an unstable equation", in this case introduced by Pheu Thai in order to gain votes. When will the penny really drop ?

The prove of an unstable equation in this case is that the lies have errors growing exponentially...

Liars often forgot what they had lied about and spurt forth more lies that deviate further from the path they wanted to paint.

[tingtongteesood]

Thaksin or ssome of his cronies could just give back sso9me of the tax money they stole from the people of the country.........I just couldn't keep a straight face even thinking such a thing !!

[Robby nz]

Great editorial on rice elsewhere this morning.

[billd766]

Thaksin or ssome of his cronies could just give back sso9me of the tax money they stole from the people of the country.........I just couldn't keep a straight face even thinking such a thing !!

What would be wonderful is if Thaksin and all of his cronies gave back ALL the money they have stolen and threw themselves onto the mersy ot the people after making a full and frank confession.

Sigh. What a wonderful dream.

Now back to reality.

[Robby nz]

I see the date for payment has just gone out another 10 days :

How long will farmer patience last ?

Commerce Ministry confirms it has enough fund for rice mortgage scheme

BANGKOK, 9 Jan 2014 (NNT) - The Commerce Ministry has reaffirmed that it has enough fund for the rice pledging scheme, expecting to make the payments to all participating farmers in the 2013/2014 season by January 25th.

The Ministry is expecting the farmers to pledge 10 million tons of rice in the current production season. Commerce Minister Niwatthamrong Boonsongpaisan stated that the amount would need 140 billion baht in compensation, adding that the ministry already paid 30 billion baht to the farmers, leaving 77 billion baht in payment pending. He expected that the payments would be completed within January 25th.

Nonetheless the scheme still lacks 40 billion baht, and the Commerce Ministry will urgently ask the Election Commission (EC) to approve its planned borrowing of 130 billion baht to finance the scheme. He said that even if the EC does not give the nod on the matter, the Commerce Ministry is still able to use the money obtained from selling the pledged rice to be returned to the farmers.

Meanwhile, the EC has approved the ministry’s request to sell the pledged rice in stock by any means it deems appropriate. The Commerce Ministry, thus, has plans to clear the stock through both auctioning and Government-to-Government deals. It expects to sell another 500,000 tons of rice in the new release.