Private university in Thailand is accepting rice for tuition fees

Signal of change / Private university in Thailand is accepting rice for tuition fees

By Anna Simpson / 18 Jan 2017

Students enrolled at Rangsit University in Bangkok’s northern suburbs can pay all or part of next semester’s costs with rice. The goal is to help farming families, and the university will put a higher-than-market value on the grain, since prices for some strains are near a decade low. The university’s step is part of wider efforts to help the 16 million Thais who depend on rice farming but are struggling to cover costs because of oversupply at home and in export markets.

So what?

The move shows the potential of organisations to redefine value systems in line with their own social impact mission. The university has a policy to support farmers, who are already looking to sell directly to buyers, rather than selling to mills - as indirect earnings aren't sufficient to cover the production costs. Even better if their rice can be translated directly into the value they seek to purchase - such as education.

What else could rice and other commodities pay for directly, to empower farmers?

 


Signals of change are new ideas or innovations that could change the game for sustainability. Send any you spot to the Futures Centre to track change and accelerate sustainable action.

 

Sources

https://www.bloomberg.com/news/articles/2016-12-20/university-accepts-rice-to-pay-fees-in-a-nation-awash-with-grain

What might the implications of this be? What related signals of change have you seen?

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