Rice Pledging Schemes

1363 WordsJan 30, 20185 Pages
Thai Agricultural policies: Rice pledging scheme Thailand is among one of the most suitable regions on earth for agricultural industry. Therefore Thailand economy relies heavily on this particular sector. It intertwines seamlessly with the social structure. The fact is that Thai agriculture provides the very large source of food for the region and across the world, not to mention that, it supplies the raw materials to other industries and service sectors. It is also a key to sustainable economic and social development of the country. Though suffering from natural disaster and economic crisis the past few years, Thailand still manages to have sufficient agricultural products for local consumption and exporting business. Figure 1 Figure 1: Almost half of the population works in agricultural sector (41.7%) in 2007. It is noted that the amount of workers in such sector clearly decreased from 2006 (63.3%) Source: Survey project of work situation, third quarter 1990-2011 Though labor in farming accounted for proportionally large number of all labor combined. The compensation is relatively lower than manufacturing as well as service and other commercial sector. In 2007, the monthly income for farmers was 3,524 THB whereas the manufacturing, service & commercial sector earned 6,188 THB and 10,656 THB per month respectively. Similarly, in 2011, farmers earned 4,813 THB while the manufacturing, service & commercial sector earned 8,151 and 12,565 THB respectively. (Source
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