Let me make it clear from the start that I have no objection to some state subsidy for rice farmers. However, the debates are often clouded with more emotions than logic.
A labourer works amid sacks of rice belonging to the government’s rice-pledging scheme at a warehouse in Nakhon Pathom. The subsidy scheme buys paddy from farmers for as much as 50% above market prices and carries a fiscal cost that has made the rice uncompetitive on global markets. (EPA file photo)
There are two points to consider.
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