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Rice mountain: assessment of the Thai rice pledging program

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  • Risti Permani
  • David Vanzetti

Abstract

The Thai Government introduced a generous price support program for paddy rice in 2011. The policy terminated in mid 2014 with the dismissal of the democratically elected Prime Minister, Ms Yingluck Shinawatra. There is an interest in understanding the welfare effects of the policy given the ongoing civil suit put against the former Prime Minister and the large stocks that remain. This study therefore analyses the welfare effects of various Thai rice policy options using a 10-region, dynamic, stochastic, partial equilibrium model of world rice trade. It finds that while the Thai policy was effective in supporting the incomes of rice producers in the short run, the burden imposed on taxpayers and consumers seems difficult to justify.

Suggested Citation

  • Risti Permani & David Vanzetti, 2016. "Rice mountain: assessment of the Thai rice pledging program," Agricultural Economics, International Association of Agricultural Economists, vol. 47(3), pages 273-284, May.
    • Handle: RePEc:bla:agecon:v:47:y:2016:i:3:p:273-284
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    References listed on IDEAS

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    Cited by:

    1. Nuntana Udomkit & Pornthip Yungvisessuk & Claus Schreier, 2021. "Effects of Paddy Price Intervention on the Rice Mill Business: A Case Study of the Paddy Pledging Programme in Thailand," Global Business Review, International Management Institute, vol. 22(6), pages 1362-1374, December.
    2. Kaittisak Kumse & Nobuhiro Suzuki & Takeshi Sato, 2020. "Does oligopsony power matter in price support policy design? Empirical evidence from the Thai Jasmine rice market," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 373-385, May.
    3. Mohammad Hasan Mobarok & Wyatt Thompson & Theodoros Skevas, 2021. "COVID-19 and Policy Impacts on the Bangladesh Rice Market and Food Security," Sustainability, MDPI, vol. 13(11), pages 1-18, May.
    4. Hoang, Hoa T.K. & Thompson, Wyatt & Kwon, Sanguk, 2021. "Low-Income Household Food Consumption Consequences of Rice Policy and Pandemic Impacts on Income and Price in Thailand," Journal of Food Distribution Research, Food Distribution Research Society, vol. 52(2), July.
    5. Song, Xiaoqing & Wang, Xiong & Li, Xinyi & Zhang, Weina & Scheffran, Jürgen, 2021. "Policy-oriented versus market-induced: Factors influencing crop diversity across China," Ecological Economics, Elsevier, vol. 190(C).

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