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  1. #1
    Thailand Expat misskit's Avatar
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    Government gives more credit lines to farmers

    The government yesterday (Aug 4) endorsed several measures to help rice farmers fetch higher prices for their crops as global rice prices are soaring.

    The measures were given approval at a meeting of the Rice Policy Committee chaired by Prime Minister Prayut Chan-o-cha.

    The meeting was told of the promisingly global rice prices rise due mainly to the fact that Thailand’s major competitors were facing difficulties involving natural calamities.

    Jasmine rice prices have risen from 10,000 baht/tonne to 12,000 baht/tonne.

    Sticky rice prices accordingly also rose from 9,300 to 12,000 baht/tonne and regular rice rose from 7,700 to 8,800 baht/tonne.

    The meeting agreed to provide greater stability with regards to agricultural prices by introducing credits in order to support stocking of rice yields from the 2017/2018 crop year.

    First among these is an increase in credit for farmers for the previous years crop yield from 7,700 – 8,800 baht/tonne to 10,000 baht/tonne.

    The second form of credit will be provided to agricultural cooperatives, agricultural institutions and millers to help farmers by purchasing and stocking rice crops.

    With these measures, they will effectively be able to absorb 10.5 million tonnes of rice stocks on their own.

    Overall, the government has budgeted 40 to 50 billion baht to help farmers, part of which will come from loans from commercial banks.

    In light of the recent flood problem, the Rice Policy Committee also delegated relevant government agencies to find ways to lower production overheads for farmers in the form of cheaper plant seeds, farm equipment and fertilisers.

    Government gives more credit lines to farmers - Thai PBS English News

  2. #2
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    Loans and credit lines are not the way to go - becoming serfs for the controlling systems.
    Living within your means might be a better options.

  3. #3
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    Quote Originally Posted by thaimeme View Post
    Loans and credit lines are not the way to go - becoming serfs for the controlling systems.
    Living within your means might be a better options.

    Indeed it will only increase farmers debt which is already high after having to borrow from loan sharks to put in crops when the previous government failed to pay them for months after the pledging scheme ran out of money. They were also encouraged into debt by being given credit cards with their high interest rates.

    Even though a lot of farm debt has been restructured to take it from loan sharks to regular banks the interest still cuts into the profitability of, well anything really.

    Yea debt is the modern slavery that doesn't just apply to farmers for everyone is encouraged to borrow.

    As for living within their means I dont see many rice farmers driving around in new vehicles or with new tractors much more likely to be in one of these.



    Or have a tractor like this to pump water in and out of rice paddy.


  4. #4
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    Quote Originally Posted by misskit
    Jasmine rice prices have risen from 10,000 baht/tonne to 12,000 baht/tonne.
    Quote Originally Posted by misskit
    First among these is an increase in credit for farmers for the previous years crop yield from 7,700 – 8,800 baht/tonne to 10,000 baht/tonne.
    So the government is speculating and giving farmers a safeish margin. It sounds reasonable to me for a crop that only pays off once or twice a year.
    I don't see this as "I shoveled 16 tons, what do get, another day older and deeper in debt..."
    As to the vehicles, ^, well that's the lot for rice farmers, isn't it. I don't see many council workers driving Mercs, either.

    Side issue: In NZ sticky rice was always very much more expensive than jasmine rice..in the OP, it appears sticky rice is cheaper. Why is that?

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    Quote Originally Posted by Maanaam View Post
    Quote Originally Posted by misskit
    Jasmine rice prices have risen from 10,000 baht/tonne to 12,000 baht/tonne.
    Quote Originally Posted by misskit
    First among these is an increase in credit for farmers for the previous years crop yield from 7,700 – 8,800 baht/tonne to 10,000 baht/tonne.
    So the government is speculating and giving farmers a safeish margin. It sounds reasonable to me for a crop that only pays off once or twice a year.
    I don't see this as "I shoveled 16 tons, what do get, another day older and deeper in debt..."
    As to the vehicles, ^, well that's the lot for rice farmers, isn't it. I don't see many council workers driving Mercs, either.

    Side issue: In NZ sticky rice was always very much more expensive than jasmine rice..in the OP, it appears sticky rice is cheaper. Why is that?
    What might you mean by sticky rice?

    Sticky rice is a finished sustance incurred by a cooking technique/process, less a grown and practiced product.

  6. #6
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    Nope, it's not just a cooking technique, sticky/glutinous rice is a different type of rice with high levels of Amylopectin.

    I suppose it isn't grown in Portland?

  7. #7
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by misskit
    and millers
    because so many of them borrowed to build storage to take advantage of the easy money in storage , but then the "takky" rice scheme failed

  8. #8
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    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by Maanaam View Post
    Quote Originally Posted by misskit
    Jasmine rice prices have risen from 10,000 baht/tonne to 12,000 baht/tonne.
    Quote Originally Posted by misskit
    First among these is an increase in credit for farmers for the previous years crop yield from 7,700 – 8,800 baht/tonne to 10,000 baht/tonne.
    So the government is speculating and giving farmers a safeish margin. It sounds reasonable to me for a crop that only pays off once or twice a year.
    I don't see this as "I shoveled 16 tons, what do get, another day older and deeper in debt..."
    As to the vehicles, ^, well that's the lot for rice farmers, isn't it. I don't see many council workers driving Mercs, either.

    Side issue: In NZ sticky rice was always very much more expensive than jasmine rice..in the OP, it appears sticky rice is cheaper. Why is that?
    What might you mean by sticky rice?

    Sticky rice is a finished sustance incurred by a cooking technique/process, less a grown and practiced product.
    Well, that appears to be the final proof that you've never been to SE Asia in your life. It was a good run while it lasted, Jeff, but you've let the cat out of the bag now.
    The Above Post May Contain Strong Language, Flashing Lights, or Violent Scenes.

  9. #9
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    ^
    Yep, it's what mods of various fora have known for some time.
    Shame on Portland Boy.


  10. #10
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    Quote Originally Posted by birding View Post
    Quote Originally Posted by thaimeme View Post
    Loans and credit lines are not the way to go - becoming serfs for the controlling systems.
    Living within your means might be a better options.

    Indeed it will only increase farmers debt which is already high after having to borrow from loan sharks to put in crops when the previous government failed to pay them for months after the pledging scheme ran out of money. They were also encouraged into debt by being given credit cards with their high interest rates.

    Even though a lot of farm debt has been restructured to take it from loan sharks to regular banks the interest still cuts into the profitability of, well anything really.

    Yea debt is the modern slavery that doesn't just apply to farmers for everyone is encouraged to borrow.

    As for living within their means I dont see many rice farmers driving around in new vehicles or with new tractors much more likely to be in one of these.



    Or have a tractor like this to pump water in and out of rice paddy.

    Yup, spot on fellas.

    The credit only serves to enslave the farmers using interest figures higher than the price rises themselves.

    The rise in global rice prices should see the rice farmers earning more themselves, rather than making higher payments to the banks.
    Step by step, inch by inch, piece by piece.

  11. #11
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    "Official" loan rates will be an improvement on the present 5% per month for unsecured loans.

  12. #12
    Thailand Expat raycarey's Avatar
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    Quote Originally Posted by DrB0b View Post
    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by Maanaam View Post
    Quote Originally Posted by misskit
    Jasmine rice prices have risen from 10,000 baht/tonne to 12,000 baht/tonne.
    Quote Originally Posted by misskit
    First among these is an increase in credit for farmers for the previous years crop yield from 7,700 – 8,800 baht/tonne to 10,000 baht/tonne.
    So the government is speculating and giving farmers a safeish margin. It sounds reasonable to me for a crop that only pays off once or twice a year.
    I don't see this as "I shoveled 16 tons, what do get, another day older and deeper in debt..."
    As to the vehicles, ^, well that's the lot for rice farmers, isn't it. I don't see many council workers driving Mercs, either.

    Side issue: In NZ sticky rice was always very much more expensive than jasmine rice..in the OP, it appears sticky rice is cheaper. Why is that?
    What might you mean by sticky rice?

    Sticky rice is a finished sustance incurred by a cooking technique/process, less a grown and practiced product.
    Well, that appears to be the final proof that you've never been to SE Asia in your life. It was a good run while it lasted, Jeff, but you've let the cat out of the bag now.
    poor jeff.


  13. #13
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    These loans, easy credit, are all big picture stuff, to get the poor rural farmers, into the banking system.
    Cash farmers don't pay taxes on thier crops, don't have bank accounts, ATMs or credit, now take one of these loans and the bank account starts.

    You pay it back and your credit rating grows, next you get letters saying buy a car, your credit is good.
    Freehold land titles [on going issueing at the moment] allow you to mortgage your land.

    Then one day you wake up and you owe more then you earn/own and your land is being sold to a big agro company and you a family are off to the city for jobs.

    Wife, had a job last week nearby village, good money for Thailand, 2,000 a day, filling out forms for this poor persons walfare payments, all payees had to open a bank account.

    Interesting stat I once read, your peon farmer, living in a hut with 10/20 rai of land, rice, cassava or what ever, that have $10 US in local currency in cash was richer then 25 % of Americans, that would go for most western countries.

    We in the west, live in debt and Thailand wants that system, it's all about control.

  14. #14
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by jamescollister
    Wife, had a job last week nearby village, good money for Thailand, 2,000 a day
    A day?? Surely you mean a week???

  15. #15
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    Quote Originally Posted by Pragmatic View Post
    Quote Originally Posted by jamescollister
    Wife, had a job last week nearby village, good money for Thailand, 2,000 a day
    A day?? Surely you mean a week???
    2,000 Baht a day, seems the contract for information collection was given to a Uni in Ubon.
    They just couldn't get someone from the Uni to go there at the time, wife's friend from the Uni contacted her.

    When you think about it, by the time the Uni paid for the car, fuel, hotel and food for the collecter, plus thier wages, 1500 Bt of costs or there about, so their budget per day was probably 2 grand per person.

  16. #16
    I am in Jail
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    Quote Originally Posted by jamescollister
    We in the west, live in debt and Thailand wants that system, it's all about control.
    It's already been here for decades:
    Households Debt in Thailand decreased to 70.20 percent of GDP in the fourth quarter of 2016 from 71.20 percent of GDP in the third quarter of 2016. Households Debt To Gdp in Thailand averaged 48.49 percent of GDP from 1991 until 2016, reaching an all time high of 71.60 percent of GDP in the fourth quarter of 2015 and a record low of 25.40 percent of GDP in the fourth quarter of 1991.

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