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Thursday, May 2, 2024

Thai govt dives into action: Plans to flood fields with innovation and debt suspension

Picture courtesy of ThaiPost.

Plans are underway by the Thai government to accelerate the expansion of water sources and enhance the varieties of rice and other key crops in Thailand. Recommendations have also been made for the proposed debt suspension scheme to operate with conditions.

These suggestions were made by Nipon Puapongsakorn, a distinguished fellow at the Thailand Development Research Institute (TDRI), who highlighted the government’s policy to assist farmers, which includes a specific focus on the debt suspension programme.

“The debt suspension should primarily target households of farmers facing genuine hardship. The assistance should not be extended to those who are not genuinely in need, as the funds used come from taxpayers.”

Nipon proposed that the debt suspension scheme should cover approximately half or two-thirds of farmers’ debt burden.

He further…

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