The rice subsidy scheme was implemented by former Prime Minister Yingluck Shinawatra in 2011. Her government agreed to pay farmers up to 50% above the market rate for their rice, intending to withhold it from the world market and thus drive up the price. As a result, countries such as India and Vietnam increased their rice exports, and the government was left with vast stockpiles of rice that it could not sell.
In 2014, the national Anti-Corruption Commission brought charges against Yingluck for her role in the policy, and she was retroactively impeached by the National Legislative Assembly in 2015. After an investigation into the scheme, she was fined $1 billion last year.