Thailand’s cabinet approved three loan and subsidy programs for the country’s rice farmers to stabilize prices and reduce an oversupply of the grain. The three programs are worth a total of 87 billion baht ($2.63 billion) and include $2.2 billion of loans and subsidies for rice farmers already approved by Thailand’s rice management committee earlier this month. The $2.2 billion in spending will cover 3.7 million households and will span the seasonal harvest from the start of November this year to the end of February 2018.