Introduction
The Rice Mortgage Scheme is in the eye of the Thai people that agree and disagreed with many academicians say the project reached an impasse because the Ministry of Commerce cannot sell rice. If sold, it must be sold at a low price. The government is not doing for the farmers but doing for themselves. The government still insists that the Rice Mortgage Scheme benefits the farmers directly. Farmers gain more revenue and more importantly, makes the economy more turnover and more prosperous.
Main
The Rice Mortgage Scheme began after Yingluck Shinwatra took position of the Prime Minister. As it was first stated as the policy of the Parliament at 23 August 2011. The main subject of the Scheme is to raise agricultural products in a stable manner and to build more marketing channels and gain authority to negotiate the rice price. The mortgage price depends on the type of rice. White rice with 25% moisture priced at 15,000 Baht per ton, Jasmine Rice at 20,000 Baht per ton and Glutinous Rice or Sticky Rice is worth 18,000 Baht per ton. Yingluck’s parliament appointed to The National Rice Policy Committee is responsible for determining the type, quality, quantity and duration. The pledging only offers for 5 types of paddy, In-season rice, Jasmine Rice Paddy, PathumThani Paddy, Sticky Rice Paddy. The scheme increases the income of farmers in two ways. Firstly, the farmers who participated in the scheme .Secondly, the farmers that are not in the scheme but have a surplus of rice production will be able to sell price at a higher price.
Disadvantage of the rice mortgage
The Bank for Agriculture and Agricultural Cooperatives (BAAC) has stated the disadvantages of the Rice Mortgage Scheme. The deficit of the government’s finance ...
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... involved to help farmers.
4. What are your opinions on the current situation on the rice mortgage scheme?
Answer: The current government policy uses the state power and substantial funding intervene into the rice market, making the state become the largest purchaser. The objective is to share the benefits of rice trade originally been allocated among the various groups to some group that beneficial more from the others .Cause some to loss such as rice exporters that disapprove, opposed with the rice mortgage scheme.
In terms of economy and management, rice pledging policy has weak and vulnerable to leakage, cause higher costs that it should be. If the government continues to use the rice pledging , should focus on solving problems in management and fraud detection and adjust the price to be determined accordingly by the market.
Works Cited
Bangkok , Thaialnd
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