BBC: Thailand’s rice price scheme: A policy too far?

Thailand’s rice price scheme: A policy too far? – BBC, August 29, 2013
In the latest in our series on Thailand’s populist, big-spending programmes – known as Thaksinomics – we look at the price guarantee for the country’s rice farmers.
It was a promise made by the governing Pheua Thai party during the election campaign two years ago.
The policy involved buying the entire rice crop at a fixed price – and as a result the government has accumulated a vast stockpile of the food, which if sold at today’s prices would incur a loss.
The BBC’s South East Asia correspondent Jonathan Head reports on one of Thaksinomics’ most controversial policies.

Yesterday: BBC: Is Thailand’s car buying scheme a wise move?

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