The cabinet on Tuesday approved the National Rice Committee's proposal to replace the current paddy mortgage scheme with a price guarantee programme, said deputy government spokesman Vachara Kannikar.

 The Agriculture and Cooperatives Ministry has been assigned to fix a suitable paddy price based on capital cost and a suitable return for farmers, and to quickly complete registration of farmers joining the rice price guarantee programme.

The Bank for Agriculture and Agricultural Cooperatives will be responsible for a public relations campaign to ensure that farmers benefit more from the new programme, said the spokesman.

Source: Bangkok Post