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Thailand's Controversial Rice Scheme Risks Ruling Party's Popularity

Thailand's unfinished election means the current caretaker government cannot create any new debt, leaving rice farmers owed billions of dollars as part of a budget-busting, controversial subsidy program. The ruling party campaigned on the subsidy plan, which analysts now say has become a spectacular failure. The embattled government came to power pledging increased incomes for rice farmers through a plan that pays up to 40 percent above market price for all the grain they can...

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