NIDA suggests government return more rice to farmers than was pledged

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BANGKOK 12 February 2014  NIDA has suggested that the Yingluck Administration give farmers back their pledged rice, in order to reduce stockpiles that might otherwise turn to waste — suggesting also that the rice given back should be more than the original pledged amount. 

Former Dean of the National Institute of Development Administration (NIDA) Adit Isarangkul na Ayutthaya, has advised the government to give back to the rice farmers 1.5 times the amount pledged.

Mr. Adit stated that doing so would allow the government to resolve its financial debt to the farmers. Furthermore, giving back a bigger quantity of rice, would enable farmers to gain a financial return similar to what the state had previously guaranteed at 12,000 – 13,000 baht per ton.

The farmers could sell it at the rice mills for 8,000 – 9,000 baht, and if they received more rice back from the government, that is , one and a half times the original amount pledged, their revenue would match the income previously promised by the government.