Snow Day

That snow dance paid off.

Government failure is a common evaluation theme.   Here is an excellent example involving a buffer stock scheme in Thailand.  The government failed by setting the guaranteed price for rice far too high.  It cost them over £300m to buy up surplus rice and they lost another £500m by having to sell it at a lower price.

Another common evaluation point is to consider who benefits.  Any government intervention in an agricultural market is to guarantee farmers' incomes.  However, the poorest of Thailand's farmers do not have a surplus of rice to sell; it benefits the richer farmers who do.