The effects of rice premium policy on Thailand\u27s rice economy

Rice is the most important agricultural product in Thailand. It is the main staple for Thai people and its contributions to total agricultural production, total employment and total export are unsurpassed by other commodities. About 70 percent of all families in Thailand are still engaged in the agricultural sector, 70 percent of which is rice farming. Although Thai exports have become increasingly diversified for other crops, such as cassava, sugar and maize, rice exports still account for 20 percent of the total value of Thai exports