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  1. #326
    Guest Member S Landreth's Avatar
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    more news


    Thai 5 percent broken grade white rice was quoted at US$380 (RM1228) per tonne in the international market today. Comparable grade rice from Vietnam was quoted at US$400 a tonne.

    However, traders and exporters said Thailand will have to offer prices that are way below market to entice the buyer.

    “It might be US$20-US$30 per tonne below market prices as Thai rice is deteriorating as it was kept in stocks for years,” said a Bangkok-based trader.

    Thailand’s rice scheme, which has led to billions in losses and fuelled a political crisis in the country, came to an abrupt end on Feb 28 as former prime minister Yingluck Shinawatra’s caretaker government had no authority to extend the subsidy.

    Thailand’s anti-graft agency indicted Yingluck for negligence last week, a ruling that came a day after a court threw her out of office.

    The rice subsidy scheme, the focus of the anti-corruption commission case, was a flagship policy of Yingluck’s administration, aimed at helping her rural supporters, under which the state paid farmers well above market prices for their crops.

    As of April, about 94 billion Thai baht (RM9 billion) was still owned under the scheme to around 742,000 farmers.

    aimed at helping her rural supporters
    Keep your friends close and your enemies closer.

  2. #327
    Guest Member S Landreth's Avatar
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    hope the next government doesn't screw the farmers

    The President of the Thai Agriculturists Association (TAA) said a new government should make remaining payments to rice farmers, for pledged rice under the halted Rice Paddy Mortgage Program, and should offer price support for new crop paddy rice.

    The TAA President made the comments after the Thai Army declared Martial Law, sending signals of an interim Prime Minister and government being appointed to oversee electoral reforms. He said the government should consider drafting a policy to regulate the price of 2014 off season (January - May) paddy rice, irrespective of decision to continue the rice pledging scheme. He noted that a paddy rice price below 11,000 baht (around $140) per ton would be unacceptable, as the production costs are at around 9,000 baht (around $114) per ton, adding that farmers are facing severe losses by selling in the market at around 5,000 - 6,000 baht (around $63 - $76) per ton.

    It’s difficult to imagine how the government of Thailand can support new crop paddy prices when it can’t completely pay farmers for old crop.

    Meanwhile, crisis talks between the government officials, anti-government protestors, the Election Commission (EC), senate members, the army chief and pro-government activists ended in a stalemate, as each group stuck to its own agenda. The caretaker government is still pushing to hold a general election on August 3. However, holding an election may ignite more unrest and violence, and thus the EC says the army's opinion on the matter must be taken into consideration.

    Thailand’s army chief stressed that the military had stepped in to restore law and order and rebuild investor confidence, adding that troops would take action against any kind of violence that erupted in the country. He emphasized that martial law would continue until peace is restored in the country. Since November 2013, twenty eight people have been killed and around 700 injured in the anti-government protests.

  3. #328
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    Notice something about this picture?

    Only one person is smiling, and that's forced.

    Everyone in that photo knows it is a Suthep PR stunt. Whatever he is trying to get people to believe, the army aren't "on his side".

  4. #329
    Guest Member S Landreth's Avatar
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    This news should make some of (?, hopefully all) the rice farmers happy,......

    National Peace and Order Maintaining Council director Gen Prayuth chan-ocha instructed the Finance Ministry to hastily allocated money to pay farmers who sold rice to the former government under its rice-pledging scheme but were not yet paid.

    He advised that the money of about 80 billion baht should be paid to farmers within 15-20 days without having to resort to money raised from the rice sales.

    He also appointed Air Force Commander-in-Chief ACM Prajin Jantong to take care of economic affairs.

  5. #330
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    ^ Very smart move.

    The farmers are going to wonder just why "their" government could not pay them what they were owed; yet within days of PTP being kicked out, they get their money.

    Should cost the reds a lot of their grassroots support.

  6. #331
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    Sure, those dumb hicks will never see through that.

  7. #332
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    Farmers' group hails Prayuth idea
    Sunthon Pongpao
    24/05/2014

    A group of farmers agree with the coup leader's measure to fast-track relief aid to help farmers who have not been paid for the rice they pledged with the government.

    Vichien Puanglamjiak, president of the Thai Agriculturist Association, said they liked the idea of Gen Prayuth Chan-ocha of using the central budget to help the unpaid farmers.

    He also urged the coup makers' National Peace and Order Maintaining Council (NPOMC) to set guidelines on how to prop the paddy price, which now stands at 4,500-6,000 baht, almost on par with the current costs.

    Besides, over the next 3-4 months, the second crop all over the country will be harvested, with the largest output projected for the year.

    This will likely further push down the paddy market prices, he said.

    bangkokpost.com

  8. #333
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    Quote Originally Posted by Gerbil View Post
    ^ Very smart move.

    The farmers are going to wonder just why "their" government could not pay them what they were owed; yet within days of PTP being kicked out, they get their money.

    Should cost the reds a lot of their grassroots support.

    They'll never know that the payment problem came from Suthep and his people blocking government offices.

  9. #334
    The Pikey Hunter
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    ^ bullshit.

    The money was late well before the protests started.

  10. #335
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    Well, I agree it is a smart move (unlike the Coup). I think a few smart moves might be needed to contain the situation, or at least prevent it from boiling over. If it's to be widespread repression, we are on very dangerous ground here.

  11. #336
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    ^^ I'm sure with this wonderful news, the proportion of the population supporting the army must have risen from that lowly 75% to at least, what, 108%? 112%?

  12. #337
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    Quote Originally Posted by Merrimack
    They'll never know that the payment problem came from Suthep and his people blocking government offices.
    as this is the news section, you are not getting the ridicule you deserve for this clueless and frankly wrong statement.

    Now Suthep is many things (mostly bad), but the rice scam was pure thaksin scam. Steal from the poor, pocket the money, pretend its not your fault all under the guise that you are doing something good for them thus getting their uneducated naive votes.

  13. #338
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    Farmers will be happy when they see the money. Til then no celebrations.

  14. #339
    Guest Member S Landreth's Avatar
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    Quote Originally Posted by Norton View Post
    Farmers will be happy when they see the money. Til then no celebrations.
    Maybe three weeks? Let's hope so.


    Thailand's military junta and the finance ministry will meet on Monday to discuss how to pay rice farmers over $2.5 billion owed under a failed subsidy scheme run by the government the military overthrew on Thursday.

    The Finance Ministry said in a statement on Saturday that Air Chief Marshal Prajin Juntong would meet senior officials from the ministry and from state banks to set out policy. Prajin has taken charge of economic affairs under the military government.

    Army chief General Prayuth Chan-ocha, who heads the government, addressed hundreds of civil servants at an army facility on Friday, a day after the army seized power, and told them that paying the farmers was "an urgent issue", according to a source with knowledge of the meeting who requested anonymity

    The state rice-buying scheme was one of the key policies in the populist electoral platform that brought ousted premier Yingluck Shinawatra to power in 2011. It was criticized by opponents who played a role in driving her from office for running up huge losses and being riddled with corruption.

    Two weeks ago Thailand's anti-graft agency indicted Yingluck for negligence for charges related to the rice-subsidy scheme, one of several policies that won the support of Thailand's poor for both Yingluck and her brother, Thaksin Shinawatra, before her.

    Thaksin, a billionaire telecommunications tycoon turned politician, earned the loathing of the royal establishment and was himself ousted in a military coup in 2006.

    Yingluck's rice-buying scheme paid millions of rice farmers way above the market price for their grain.

    The scheme boosted rural incomes but made it impossible for the government to sell the rice on the export market without incurring big losses. Thailand was left sitting on millions of metric tons (1 metric ton - 1.1023 tons) of rice stockpiles.

    Yingluck's administration had hoped limited supply from what was then the world's top rice exporter would drive up global prices and eventually allow international sales at a profit.

    The gambit failed as India and Vietnam exported millions of metric tons more rice to plug the gap. The Thai scheme ran into funding problems that were exacerbated by the government's inability to access funds from the state budget from December.

    Facing a wave of anti-government protests, Yingluck dissolved parliament in December, called an election and ran a caretaker administration with limited fiscal powers.

    Protesters disrupted the February vote, which was subsequently annulled, leaving Thailand without a fully functioning government until the army seized power on Thursday.

    Prayuth suggested on Friday he would be able to tap the state budget for funds to pay the farmers.

    "The budget office reported that there is about 40 billion baht ($1.23 billion) in the central budget that can be used to pay farmers," the source quoted Prayuth as saying.

    "Some are offering another 50 billion baht in loans," Prayuth added. "This should be sufficient to pay for farmers."

    That was an apparent reference to possible loans from banks. Commercial and state banks proved unwilling to lend to the Yingluck administration, worried about the legitimacy of such borrowing by a caretaker government and possible law suits.

    At the end of April, farmers were still owed an estimated 90.5 billion baht. Some have been waiting since late last year for rice sold to the state from the crop harvested from October.

    Prayuth was reported as saying all farmers could be paid within 20 to 25 days.

    Air force chief Prajin, who was already chairman of national flag carrier Thai Airways International, will oversee the ministries of commerce, industry, agriculture, energy, labor and transport as well as finance. ($1 = 32.5950 Thai Baht)

  15. #340
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    Rice payments tomorrow
    May 25, 2014

    BAAC arranging Bt55 bn from its reserves and fund; farmers put faith in Prayuth

    The Bank for Agriculture and Agricultural Cooperatives (BAAC) is preparing a Bt55-billion budget from its reserves and the Farmers Assistance Fund to pay farmers owed under the rice-pledging scheme, starting tomorrow.

    BAAC president Luck Wajananawat said as the Constitution has been suspended, the bank could disburse from its reserves and the farmers' fund to pay farmers at the earliest following orders from the National Council for Peace and Order.

    The ousted government was able to pay about Bt100 billion to the farmers until now, but another Bt90 billion is still owed to 80,000 farmers. Luck added that the bank would also encourage financial institutions to offer loans for paying outstanding dues to the farmers under the rice-pledging scheme to ensure that every farmer gets his money within 15-20 days.

    Meanwhile, Air Chief Marshal Prajin Jantong, who heads the economic ministries, is scheduled to meet high level officers of the Finance Ministry, the Bank of Thailand, and financial institutions. They will discuss urgent economic issues, including finding money to pay farmers, economic stimulus measures and budget disbursement for fiscal year 2014-15. The Thai economy has been seriously impacted by the prolonged political crisis for half a year.

    Former Phitsanulok Democrat MP Warong Dechgitvigrom hailed Army chief General Prayuth Chan-ocha for his swift action to pay farmers the debts the Yingluck government owed them for the rice they had pledged. He said Prayuth had ordered Finance Ministry officials to work during the weekend to clear the long over-due debts within 15-20 days, as farmers across the country faced financial difficulties.

    "The Yingluck government designed this policy in a bid to woo voters, corrupted and garnered support from vested-interest groups through the whole process of the pledging scheme,'' he said.

    He urged Prayuth to further provide farmers assistance in reducing the cost of fertilisers and pesticides.

    Prayuth told Friday's meeting of agency heads that funds had been partly allocated to repay debt owed to rice farmers under the ousted government's rice-pledging scheme. He expressed confidence that within 15-20 days the debts should be repaid.

    Kittisak Rattanawaraha, chairman of the Northern Farmer Networks expressed confidence that Prayuth, who is in charge of the country's administration with full authority, would be able to find Bt100 billion for the debt the government owed to farmers.

    The caretaker Yingluck government was unable to seek loans to pay farmers for rice pledged under the government's populist scheme due to legal obstacles faced as a result of being a caretaker government.

    Kittisak, however, expressed concern that more than 90 per cent of farmers may not have enough money to pay debts. He said during the eight-month period that the caretaker government had failed to pay farmers the money, they were forced to seek shark loans in order to pay for daily expenses and to pay for supplies such as pesticides and fertilisers to continue their rice plantation.

    More than 300 farmers from Phitsanulok and representatives of kamnan and village heads of 17 northern provinces submitted a letter to the Phitsanulok governor, showing their support for Prayuth. They thanked Prayuth for his swift action in paying the farmers and his promise to maintain the kamnan and village heads institution in the country's administration.

    A group of 20 Chiang Mai residents handed soldiers food and supplies in a show of support to the military at Kalawin camp in Muang district. A group of doctors and nurses in Kalasin also presented food and supplies to soldiers through the Kalasin governor.

    Security has been stepped up in Buri Ram at the provincial hall, train station, power stations and bus station to prevent ill-intentioned groups from staging violence.

    nationmultimedia.com

  16. #341
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    "Tap the state budget", do the taxpayers agree with that?

    Why would the banks that said no last time cough up this time?

  17. #342
    Guest Member S Landreth's Avatar
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    วันเสาร์ที่ 24 พฤษภาคม พ.ศ.2557 14:33น.

    Saturday, 24th May 2014 14.33

    ชาวนาพิษณุโลกให้กำลังใจ คสช.ทหารผ่านผู้ว่าฯ

    Farmers of Phitsanuloke province gave support to NPOMC/Military through their provincial Governor.

    กำนัน-ผู้ใหญ่บ้าน 17 จังหวัดภาคเหนือ ชาวนาพิษณุโลก ให้กำลังใจ คสช.ทหารผ่านผู้ว่าฯ

    Sub-District Headmen-Village Headmen of 17 Provinces in the North, Farmers of Phitsanuloke province gave support to NPOMC/Military through their provincial Governor.

    _________________



    'ชาวนาเมืองเก่า' ปาดน้ำตาความสุข !!! ซึ้ง บิ๊กตู่ เร่งคลัง ชำระหนี้

    'Farmers of Ancient Town (Sukhothai Province)' wipe Happy Tears !!! thankful to Gen. Prayuth to urge the Ministry of Finance to pay them.


    "ชาวนาสุโขทัย" รวมตัวเขียนป้ายขอบคุณ "บิ๊กตู่" หลังมีคำสั่งให้คลัง เร่งจ่ายหนี้ชาวนาภายใน 15-20 วัน ที่ค้างคามานานถึง 6 เดือน

    'Farmers of Sukhothai Province' gathered to show a thank you poster for 'Gen.Prayuth' after he ordered the Ministry of Finance to pay debt owed to the farmers, which has been overdue for 6 months, within 15-20 days.
    Last edited by S Landreth; 25-05-2014 at 08:26 PM.

  18. #343
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    Why would the banks that said no last time cough up this time?


    Perhaps they feel that the loans will actually reach their intended destination, namely the farmers, rather than stuffed in the back pockets of some thieving politicians.

  19. #344
    Guest Member S Landreth's Avatar
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    Rice scheme payments begin

    Farmers waiting for delayed rice-pledging scheme payments can begin claiming their money from today, coup-makers announced yesterday.

    The farmers were advised to bring their rice-pledging certificates to payment points set up at army and air force units nationwide this afternoon, said Col Nathawat Chancharoen, National Council for Peace and Order (NCPO) deputy spokesman.

    He was speaking after a meeting of the NCPO's economic affairs section, led by air force chief Prajin Jantong, who oversees economic affairs for the military junta, and Col Chatchai Sarikalya, an assistant to army chief Prayuth Chan-ocha.

    The meeting was also attended by concerned economic agencies.

    snip

    Accuracy of the payments would be crosschecked by the BAAC and the military, he said.

    The BACC has a list of farmers eligible to receive rice-pledging money, and farmers are required to prove eligibility to receive the funds by showing the certificate given to them when they first pledged their paddy, said Col Nathawat.

    It was expected that all farmers concerned would receive their money within a month, he said.

    full story in the link above

  20. #345
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    Quote Originally Posted by Mr Lick View Post
    Why would the banks that said no last time cough up this time?


    Perhaps they feel that the loans will actually reach their intended destination, namely the farmers, rather than stuffed in the back pockets of some thieving politicians.

    ...as opposed to thieving generals.

  21. #346
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    Quote Originally Posted by Dandyhole View Post
    "Tap the state budget", do the taxpayers agree with that?

    Why would the banks that said no last time cough up this time?
    That is where the money would ultimately have come from under the last government.

    Most businesses will have paid their taxes for 2556 BE by now so there should be ample funds in the exchequer to pay the farmers without borrowing from the banks.

    It is a pre-existing government obligation so I doubt the Bank of Thailand has any problem making the payment.
    I see fish. They are everywhere. They don't know they are fish.

  22. #347
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    No money received as of today.

  23. #348
    Guest Member S Landreth's Avatar
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    ^Was there a line?

    Farmers rejoice after junta head orders immediate cash payment


    Farmers nationwide rejoiced Monday after their long awaited money from rice selling are to be paid today.

    Instruction to pay almost a million rice farmers suffering from delayed payment by the Yingluck government came after Air Force Commander-in-Chief ACM Prajin Jantong met relevant government agencies and the executives of the Bank for Agriculture and Agricultural Cooperatives Sunday to escalate the payment to farmers.

    Earlier the National Council for Peace and Order (NCPO) said it would pay farmers within 15-20 days.

    But at the meeting the payment period was moved faster within two weeks for all, while those farmers who have their documents ready would get their money today.

    At the meeting BAAC bank assured it has 40 billion baht in hand to pay farmers, while private sector also vowed to extend loans to government for the purpose.

    Farmers flocked almost all BAAC branch offices nationwide inquiring bank officials about their turns to get the money.

    They were told that if they have the rice vouchers in hands and have earlier registered for payment queue, they could get the money immediately.

    BAAC Chiang Mai branch director Sakchai Kamruangrit said all 25 branches in Chiang Mai would begin paying the remaining 11,300 farmers who have entered the rice pledging scheme for the 2013/2014 harvest season with unpaid sum of 800 million baht.

    He said a total of 28,606 farmers sold 137,000 tons of paddy under the scheme amounted to 2.2 billion baht.

    But so far about 17,300 farmers were paid of 1.4 billion baht, he added.

    BAAC said all farmers are expected to get paid by June at the latest.

    _______________


    ธกส.แน่น ชาวนาดีใจต่อคิวรับเงินจำนำข้าวแต่เช้า

    It's crowded at BAAC (Bank for Agriculture and Agricultural Cooperatives). Happy farmers queued for rice payment from early morning.

    __________________

    BAAC promises B90bn in oustanding payments over next month

    Indebted farmers celebrated on Monday as long-overdue payments began for pledged rice crops, with the Bank for Agriculture and Agricultural Cooperatives (BAAC) saying 90 billion baht would be paid out in the next month.

    Last edited by S Landreth; 26-05-2014 at 10:43 PM.

  24. #349
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    Good point and will find out.

  25. #350
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    Quote Originally Posted by robuzo View Post
    Sure, those dumb hicks will never see through that.

    It's a measure of how little the military junta really understands the rural population.

    If there were an fair election tomorrow all the ' hailing ' in the world would not buy their votes. That era is long gone but some people just refuse to believe it.

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