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Rice Growers Rely On Side Jobs while Waiting for Money

Rice Growers Rely On Side Jobs while Waiting for Money

19 May 2014

THAILAND – A survey has revealed 30.7 per cent of rice growers have turned to side jobs for income as they wait for payment owed them under the rice pledging scheme, according to by the Bank for Agriculture and Agricultural Cooperatives (BAAC).

The survey indicated that 28.5 per cent of rice growers have taken out loans to pay for their daily expenses, 21.9 per cent have to live on their savings, 8.8 per cent have been using their farmers' credit cards and 5.8 per cent have been getting money from other sources, says Lak Watchananwat, the Managing Director of the BAAC in the National News Bureau of Thailand

For the money required in maintaining their paddies, 65.7 per cent of the respondents said they were sourcing the money from their farmers' credit cards. Fifty-nine per cent said they were borrowing from various sources; 28 per cent said they were using their savings; 16.1 per cent were working side jobs to pay for their paddies; 12.4 per cent were getting money from other sources.

Mr. Lak disclosed that the government still owed approximately 82 billion baht to around 720,000 rice growers participating in the rice pledging scheme. He expects all the farmers to be paid by December or January, at the latest.

TheCropSite News Desk

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